Day: March 5, 2026

IRS proposes rule allowing crypto exchanges to deliver tax forms only electronically

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The Internal Revenue Service has proposed a rule that would allow crypto exchanges to deliver tax forms exclusively through electronic channels, removing the long-standing requirement to provide paper statements to customers. Under the proposal, custodial crypto brokers could issue Form 1099-DA digitally and require users to accept electronic delivery as a condition for maintaining an account. Exchanges would also be allowed to end relationships with customers who decline digital tax reporting. The rule would apply to major US-regulated platforms, including Coinbase and Kraken, which would be able to distribute tax…

SoFi Selects BitGo to Launch Bank-Issued Stablecoin SoFiUSD

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SoFi Technologies has selected digital asset custodian BitGo to support the rollout of its bank-issued stablecoin, the latest sign of growing momentum around federally regulated stablecoins for payments and settlements. Under the partnership, BitGo will provide stablecoin infrastructure services for SoFiUSD, a US dollar-pegged token issued by SoFi Bank, a nationally chartered and insured depository institution, the companies disclosed Thursday.  The arrangement will run through BitGo’s “stablecoin-as-a-service” platform, which will support the issuance of SoFiUSD and help connect the token with payment providers, market participants and cryptocurrency exchanges. SoFi said…

FBI Arrests Custody Company CEO‘s Son over Alleged $46M Crypto Theft

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FBI director Kash Patel posted a photo a handcuffed John Daghita, as well as one of seized items including cash, thumb drives, a phone and devices resembling hardware wallets. The US Federal Bureau of Investigation (FBI) announced that it had made an arrest related to the theft of more than $46 million in cryptocurrency from the US Marshals Service. In a Thursday X post, FBI Director Kash Patel said that the bureau had arrested John Daghita, the son of Command Services & Support (CMDSS) president Dean Daghita, after he allegedly…

American Bitcoin reaches 6,500 BTC treasury as mining strategy expands

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American Bitcoin Corp, the publicly traded mining company backed by the Trump family, has expanded its Bitcoin treasury to 6,500 BTC. Eric Trump, co founder and chief strategy officer of the company, said the firm accumulated more than 500 Bitcoin over the past 21 days, pushing it to roughly the 17th largest corporate Bitcoin holder globally. The move reflects a broader trend among mining companies increasingly choosing to retain mined Bitcoin rather than immediately selling it to cover operating costs. At current Bitcoin prices near $71,500, the company’s holdings are…

Bitcoin Traders See Bleak Rebound Odds as $74,000 Fades

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BTC price upside lost momentum after hitting one-month highs as more traders joined bearish predictions for Bitcoin’s next move. Bitcoin (BTC) gave back some gains at Thursday’s Wall Street open as traders hoped that bidders would step up. Key points: Bitcoin begins to lose ground after hitting $74,000, now targeting a potential support reclaim. Bid support remains strong on exchanges in an encouraging signal for trend reversal. Bearish BTC price forecasters remain confident about the rally fizzling. Bitcoin bulls run out of steam at monthly highs Data from TradingView tracked…

US government contractor’s son arrested after allegedly stealing $46M in crypto from Marshals Service

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John Daghita, son of Dean Daghita, the president of Command Services & Support (CMDSS), was arrested on Saint Martin in a coordinated international crackdown after allegedly misappropriating $46 million in crypto from the US Marshals Service, FBI Director Kash Patel wrote on X on Thursday. Last night, John Daghita – a U.S. government contractor who allegedly stole more than $46 million in cryptocurrency from the U.S Marshals Service – was arrested on the island of Saint Martin by the French Gendarmerie’s premier elite tactical unit in a joint operation with…

Ripple expands institutional futures access through Coinbase Derivatives

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Ripple and Nodal Clear announced that clients using Ripple Prime can now access the full suite of Coinbase Derivatives futures contracts through Nodal Clear’s clearing infrastructure. The integration allows institutional traders on Ripple Prime to trade regulated crypto futures listed on Coinbase Derivatives, including nano Bitcoin and nano Ether contracts as well as futures tied to Solana and XRP. Access to the derivatives products is enabled through Ripple Prime, the prime brokerage platform created after Ripple acquired futures commission merchant Hidden Road Partners CIV US LLC. The platform provides multi-asset…

Alpin Yukseloglu: AI will revolutionize crypto security, superhuman auditors are on the horizon, and emerging markets offer high-yield opportunities

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Key takeaways AI is poised to significantly enhance security in the crypto industry, raising the industry’s potential. Improvements in AI models for detecting smart contract vulnerabilities are progressing rapidly. Superhuman AI auditors may emerge soon, challenging current security assumptions in crypto. The crypto industry is already hardened against intelligent adversarial actors. Emerging markets offer lucrative investment opportunities with high yields. Bricks bridges DeFi with traditional finance, enabling access to real collateral and structured products. The perception of technology as a threat can lead to unnecessary security paranoia. Superintelligent AI’s impact…

Cardano Gets Real-World Checkout Rails in 137 Swiss Spar Stores

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Supermarket giant Spar has enabled ADA payment rails for customers in 137 Swiss stores, as the country moves closer to its global crypto hub ambitions. Switzerland’s push as a crypto-friendly hub is getting a new retail test case, with Cardano’s ADA token now usable for grocery purchases at Spar stores across the country. Cardano (ADA) users can start paying for their groceries in 137 Spar supermarkets across Switzerland after the latest Open Crypto Pay integration from Swiss fintech firm DFX.swiss, the Cardano Foundation said Thursday. The system is designed to…

How US Investigators Traced $61M in Crypto Linked to Romance Scams

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Key takeaways Federal authorities in North Carolina seized more than $61 million in USDT, revealing how pig-butchering schemes combine emotional manipulation with fraudulent crypto investment platforms to defraud victims at scale. Investigators leveraged the public, immutable nature of blockchain records to trace victim deposits across multiple wallets. Despite attempts to obscure the trail, every transfer remained permanently visible and reconstructable. Using blockchain analytics, authorities clustered related addresses based on transaction flows, timing patterns and consolidation points, allowing them to connect dispersed wallets back to the broader scam network. Because the…