IRS Targets 120-Day Tax Disclosure Process: Forbes

The US Internal Revenue Service (IRS) is preparing to overhaul its voluntary disclosure program, with plans to reduce penalties and accelerate the resolution of tax violations, including those involving cryptocurrencies, according to a Friday report by Forbes. IRS Criminal Investigation Chief Jarod Koopman said the agency aims to introduce the revised program before December, with…

US Senate to Probe Tether Payments to Ex-Trump Adviser’s Company

Senator Richard Blumenthal has requested information from Tether CEO Paolo Ardoino after a Wall Street Journal report said that the stablecoin issuer had inked a $6.3 million deal with a marketing company co-founded by former White House crypto adviser Bo Hines. In a Thursday letter to Ardoino, the Connecticut lawmaker said that the Senate Permanent…

Robinhood (HOOD) sees surge in Bitcoin (BTC), Gold prediction markets as traders move beyond sports

The market has grown from its roots in elections into sports, economic data and short-term price bets. Robinhood entered the business through a partnership with Kalshi, a federally regulated prediction market exchange, and has since made event contracts a growing part of its trading platform. The expansion comes as sports contracts face legal challenges from…

China Targets 2030 for Its National Blockchain Network Buildout

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy. Source link

Bybit Secures First Full Dubai Spot Trading Licence

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy. Source link

HSBC launches Hong Kong dollar stablecoin for retail payments

HSBC is rolling out RedCoin wallets to PayMe users, with plans to support tokenized investment subscriptions and expand into institutional uses. Source link

CoinDCX denies hack, blames broken clean up job for $16 million outflow

Every user gets a personal deposit address, a unique string of characters to send crypto to. The exchange then regularly “sweeps” those deposits, meaning it moves them into its own main wallets so everything sits in one place it controls. Some of that money goes to a hot wallet, an internet-connected place used for everyday…

Ethereum Delays Glamsterdam Upgrade After Security Researchers Flag Risks

Ethereum developers have postponed the Glamsterdam hard fork on the Hoodi testnet after researchers identified gas-related security risks that could affect how existing smart contracts handle failed transactions. The Ethereum Foundation (EF) said that the upgrade, originally scheduled for Oct. 26, would be delayed to allow developers to investigate how some proposals interact with smart…

Circle Shareholder Targets Donald Trump’s Alleged Crypto Corruption in Lawsuit

Update (Oct. 22, 10:27 pm UTC): This article has been updated to include a statement from the White House. A shareholder for Circle Internet Financial, the company behind the USDC (USDC) stablecoin, filed a lawsuit against US President Donald Trump, his family’s crypto company World Liberty Financial, affiliate entities, and US Special Envoy to the…

Pentagon bans US forces from using military info to bet in prediction markets

Hegseth warned that prediction market wagers could expose military operations to adversaries. Source link