March 29, 2024
Crypto

Here’s how to calculate crypto taxes amid the latest bitcoin rally

Some tax professionals are bracing for more crypto scrutiny as the IRS beefs up digital asset service, reporting, compliance and enforcement programs. Experts cover how to answer the “digital assets” question on your return, calculate crypto taxes and handle reporting. When you trade digital currency or sell it at a profit, it may be subject

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Crypto

Crypto VC funding climbs for first time in 2 years after bitcoin rally

Jonathan Raa | Nurphoto | Getty Images It’s a welcome stat for crypto entrepreneurs who’ve been bruised by the last couple of years of the so-called “crypto winter,” which made it much harder for founders to raise money. Venture funding for crypto firms slumped significantly in 2022 after a rise in interest rates from major

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Crypto

What bitcoin’s chart says about its next moves after it breached $50K

Bitcoin broke through $50,000 to start the week and although a stubbornly high inflation reading has pulled it lower since, the cryptocurrency is still in safe territory, according to chart analysts. On Monday, the cryptocurrency finished above $50,000, at one point rising to $50,334.00, its highest level since December 2021. Technical analysts had expected this

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Crypto

Crypto market: Today

An image of bitcoin and U.S. currencies is displayed on a screen during the Interpol World Congress in Singapore on July 4, 2017. Roslan Rahman | AFP | Getty Images Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading. Bitcoin was down 3% to $48,535.17, according to Coin Metrics. The day

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Funds

Bitcoin ETFs aren’t giving crypto big boost yet. Where new funds stand

The newly launched bitcoin exchange-traded funds are showing early signs of success, but they have so far fallen short of being the massive boost for crypto some bulls predicted. The funds began trading Jan. 11 after receiving approval from the U.S. Securities and Exchange Commission, and ETFs from iShares ( IBIT ) and Fidelity Wise

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Crypto

Crypto firm Ripple explored IPO outside U.S. but won’t go public soon

DAVOS, Switzerland — Ripple explored markets outside the U.S. for its initial public offering, CEO Brad Garlinghouse told CNBC, blaming a “hostile” regulator. However, the firm has put any plans for an IPO on hold for now, Garlinghouse said. However, speaking to CNBC at the World Economic Forum in Davos, Switzerland, Garlinghouse said Ripple has “looked

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Crypto

AI takes over WEF’s main area pushing crypto aside

Companies touting their artificial intellgience products dominated the Promenade, the main road in Davos. In past years at the World Economic Forum annual meeting, cryptocurrency firms were the most prominent down the Promenade. But AI fever has taken over in 2024. Arjun Kharpal | CNBC This shift underscores the rapid rise in AI investments and

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Crypto

Bitcoin ETFs threaten Coinbase after stock rose almost 400% in 2023

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images While custody revenue presents a big growth opportunity for Coinbase in the near term, some industry analysts are concerned that the company’s core transaction business

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Crypto

Bitcoin will hit record high in 2024, bulls say, after false SEC post

Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023.  Dado Ruvic | Reuters The false news was enough to send bitcoin spiking briefly before falling. It also ruined the celebrations of the crypto industry players in St. Moritz, many of who have been waiting for years for

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Investment

Bitcoin has surged 67% in value since September

Even with a regulatory crackdown on cryptocurrency exchanges in the past year, the price of bitcoin rose steadily through most of 2023, and now sits at around $43,610 — a nearly $18,000 increase in value since September. Bitcoin hit a peak value of around $68,000 in November 2021. But by November 2022, it had lost

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