2 days ago
Cryptocurrency Live News & Updates : Supreme Court Allows IRS Access to Coinbase Data
01 Jul 2025 | 01:05:11 AM IST
The U.S. Supreme Court has opted not to hear an appeal from a Coinbase user, enabling the IRS to collect data from over 14,000 users without warrants. In a significant ruling, the U.S. Supreme Court has allowed the IRS to access data from Coinbase users, affirming the agency's authority without the need for individual warrants. This decision stems from a 2016 summons aimed at users who may have misreported crypto income, raising concerns about financial privacy and government surveillance. Meanwhile, Ethereum has surged past the 2,500 USDT mark, reflecting a 2.72% increase in just 24 hours, showcasing the ongoing volatility and potential in the cryptocurrency market. Zebec Network (ZBCN) is currently testing a crucial support zone, suggesting a possible bullish reversal after a recent price pullback. Additionally, the AI-driven trading platform DexOne has begun beta testing, promising innovative features to enhance trading strategies. Lastly, Strategy, the largest public Bitcoin holder, has expanded its holdings significantly, acquiring nearly 5,000 BTC amid rising market sentiment, indicating a robust confidence in Bitcoin's future. Together, these developments highlight the dynamic nature of the cryptocurrency landscape, with regulatory, technological, and market factors all playing pivotal roles. Show more
