A new IRS form will help the collection agency better monitor taxpayers getty Overview On April 18, the Internal Revenue Service released the draft version of Form 1099-DA—Digital Asset Proceeds From Broker Transactions—its first tax form specifically designed to collect crypto users’ identities and detailed transaction data. The form was issued in conjunction with proposed
Image Credits: Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market. On Thursday the company announced that it would start to let customers accept cryptocurrency payments, starting with just one currency in particular, USDC stablecoins, initially only on Solana, Ethereum and Polygon. This will be the first time that Stripe
In the early days of crypto there were just a handful of companies, including some venerable names like Coinbase, Kraken, and Grayscale, which are still around. Today, there are hundreds of firms that offer crypto, including those like BlackRock and PayPal that operate primarily in the world of conventional finance. For me, the most intriguing
Block ecosystems Square and Cash App have begun rolling out a feature that will allow eligible Square sellers to automatically convert a portion of their daily sales to bitcoin with Cash App. The rollout of this new Bitcoin Conversions feature began Wednesday (April 24), Block said in an email to PYMNTS. “Block believes that bitcoin is an instrument of economic
The recent Bitcoin mania may have been driven by the approval of ETFs in the U.S., but blockchain entrepreneur Jack Mallers wants to expand the cryptocurrency’s availability in Europe. His company, Strike, announced on Wednesday that it’s launching its Bitcoin-focused app, which includes buying and selling services along with payment tools, to customers across Europe,
Negentropic, the official X (formerly Twitter) account of Glassnode’s cofounders, has offered its own bullish sentiment for the crypto market. Glassnode Cofounders: There Would Be A Massive Growth Beyond Recent Corrections According to their analysis, the market, excluding the top 10 cryptocurrencies, known as “OTHERS,” is showing signs of a strong uptrend with the potential for
Crypto-related investment products saw their second consecutive week of outflows in April, with roughly $206 million leaving the market, per CoinShares‘ recent weekly report. Despite Bitcoin’s recent halving, which typically generates excitement in the market, investor interest in the leading digital asset remained subdued, evidenced by outflows totaling $192 million. Conversely, short-term investors seized the
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $66,000 mark over the weekend following the much-awaited Bitcoin Halving event. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens as the overall Market Fear &
Like the Summer Olympics and the presidential election, bitcoin’s “halving” comes every four years. The latest halving — a preprogrammed event that cuts the amount of available coins to be mined in half — happened Friday (April 19) evening, according to multiple published reports. As noted here late last week, the halving is built in
Ex-Goldman Sachs executive Raoul Pal says a chart that has tracked well in the last five years indicates Bitcoin (BTC) and crypto are very much on schedule to hit four billion users. In a new video update, the Real Vision CEO says that crypto will likely see more than one billion users by the end