gillian0nena

@gillian0nena

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“The depth and breadth of US capital markets are unparalleled and key to our growth strategy. The US market, with its $40 trillion capitalization and daily trading volumes of $500 billion, offers HIVE the liquidity, visibility, and valuation opportunities we need to scale,” said HIVE executive chairman Frank Holmes in a statement.

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The firm added that the United States has established itself as a global leader in the adoption of cryptocurrency technology, and the company would be best served if its headquarters were on US soil.

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HIVE wrote that Texas stood out as a clear choice for the new headquarters due to its “supportive business climate, energy infrastructure, and access to skilled talent.”

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In a Dec. 31 statement, Hive Digital Technologies (HIVE) said the forthcoming Trump administration has promoted innovation and a more friendly regulatory landscape for Bitcoin miners.

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Bitcoin mining firm Hive Digital said it will relocate its headquarters to Texas from Vancouver, Canada, citing President-elect Donald Trump’s pro-Bitcoin stance as a key reason.

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Once the rules take effect in 2027, brokers must disclose information about taxpayers involved in digital asset transactions. The brokers must also report their gross proceeds from crypto and other digital asset sales.

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The update comes just days after the Blockchain Association and the Texas Blockchain Council filed a lawsuit against the IRS on Dec. 28, arguing that the rules requiring brokers to report digital asset transactions and expanding existing requirements to include platforms like decentralized exchanges (DEXs) are unconstitutional.

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Crypto taxpayers will be able to maintain their own records until that date.

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The temporary relief applies to sales on centralized crypto exchanges until Dec. 31, 2025, in order to give brokers time to support all accounting methods.

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“FIFO, in this case, would mean long-term capital gains instead of short-term,” Thomas said.

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The world’s largest international police organization, Interpol, has issued a “Red Notice” for Hex founder Richard Schueler, also known as Richard Heart, for allegedly committing tax fraud and assault.

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The fear, uncertainty, and doubt created by the initial price declines caused a cascade of liquidations in the Terra ecosystem — eventually leading to the complete collapse of UST.

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TerraUSD eventually lost its dollar peg in May 2022 — first de-pegging to $0.98 due to a whale offloading roughly $285 million in UST — then plummeting to $0.67 days later.

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According to a Dec. 20 announcement from the SEC, Tai Mo Shan misled investors about the stability of the algorithmic stablecoin by purchasing $20 million in UST to artificially keep the price of UST pegged at a 1:1 ratio with the US dollar.

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Jump Crypto subsidiary Tai Mo Shan entered into a $123 million settlement with the Securities and Exchange Commission (SEC) for misleading investors about the TerraUSD (UST) algorithmic stablecoin.

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The Red Notice comes just three months after a remand order was initially issued for Schueler on Sept. 13, according to Finnish public broadcaster Yle.

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Heart is suspected of tax evasion between June 2, 2020, and April 2, 2024.

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Schueler was also listed on Europe’s most wanted fugitives list, where the same allegations went into more detail. It alleged that Schueler “physically assaulted a 16-year-old victim by grabbing their hair, dragging them into the stairwell and knocking them to the ground.”

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A Red Notice is a global request for law enforcement to locate and provisionally arrest a person — with Finnish authorities seeking Schueler’s arrest. However, a Red Notice is not an international arrest warrant.

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The world’s largest international police organization, Interpol, has issued a “Red Notice” for Hex founder Richard Schueler, also known as Richard Heart, for allegedly committing tax fraud and assault.

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2 recasts

11 reactions