Bitcoin News Today TheBitTimes.com

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A bull market for digital assets is on the horizon for 2024. With abundant investment opportunities abound digital asset investors should be aware that the IRS announced that during 2024, it would focus on compliance initiatives associated with digital assets, FBAR, high-income and high-wealth taxpayers. You might also like: Raising funds for climate change with digital assets at COP28 The veil on the identity of Satoshi Nakamoto, the author of Bitcoin’s White Paper that proposed the blockchain-based decentralized cryptocurrency,  still has not been lifted.  This  “‘identity issue,’ namely whether Dr. Craig Wright is the pseudonymous ‘Satoshi Nakamoto,’ i.e., the person who created Bitcoin in 2009” or not, according to High Court Judge John Mellor, is still being litigated in the United Kingdom with the support of Bitcoi...

China’s Evergrande’s bankruptcy filing reverberates in the crypto markets, triggering significant drops in major digital assets and casting a shadow over Tether’s financial backing. Once the leading property developer in China, Evergrande has recently transformed into a prominent representation of China’s property crisis.  On Aug. 17, Evergrande sought refuge from debtors by filing for Chapter 15 protection under the US bankruptcy code. This provision assists non-US companies in shielding themselves during restructuring, keeping creditors at bay.  BREAKING CHINA’S SECOND LARGEST PROPERTY DEVELOPER EVERGRANDE HAS JUST FILED FOR BANKRUPTCY pic.twitter.com/ckgqu6zaDY — GURGAVIN (@gurgavin) August 17, 2023 Evergrande’s affiliate, Tianji Holdings, followed suit in Manhattan bankruptcy court. This development underscores the mounting anxiety that China’s property sector may bleed into other areas of the economy, especially as growth falte...