Alert 🚨 🚨 Crypto Council for Innovation CEO's X Account Hacked to Promote $SPELL Token
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On December 26, Sheila Warren, CEO of the Crypto Council for Innovation, became the target of a cyber attack when her X account was hacked to promote the $SPELL token. The fraudulent post, now deleted, excitedly introduced $SPELL as the "next evolution in autonomous AI agents" designed for Web3 and Solana, complete with a contact address and promotional details for the token.
This breach prompted a swift response from the Crypto Council for Innovation, which publicly confirmed the hack. The org
Alert 🚨🚨U.S. Treasury and IRS Set New DeFi Tax Reporting Requirements: What’s Next?
U.S. Treasury and IRS Set New DeFi Tax Reporting Requirements: What’s Next?
In a major regulatory shift, the U.S. Treasury Department and the IRS have announced new tax reporting requirements for decentralized finance (DeFi) platforms. Starting on January 1, 2027, digital asset brokers, including those working within DeFi ecosystems, will be required to report the gross proceeds from crypto transactions on a 1099 form. This new rule aligns DeFi brokers with traditional securities brokers and cu