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
By now you’ve probably heard, seen, or read about crypto’s promise of a world where the powerful people in society don’t control the financial system. To many, crypto promises to rebuild the current structure into an egalitarian financial system. A lot of progress has been made since Bitcoin was first launched in 2009. The advent
The Hong Kong Bitcoin and Ethereum spot ETFs will reportedly begin trading on April 30, adding to the list of US-based counterparts that have been scooping up bitcoin in large quantities. The Hong Kong spot crypto ETFs will have an in-kind subscription and redemption model. Shutterstock Posted April 24, 2024 at 3:20 am EST. The
The cryptocurrency market is a mix of new and old crypto coins that hail from a variety of startups and endeavors. In the middle of such a diverse set of crypto coins, exchange-based tokens are also paving their path ahead; however, the limelight on such coins has often been overshadowed by major market players like
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
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 &
Former FTX chief, Sam Bankman-Fried, who is currently serving 25 years behind bars has reached an agreement with investors to settle their civil claims Bankman-Fried will cooperate in a class-action lawsuit targeting celebrities who promoted FTX with the aim of resolving current and future civil claims The list of celebrities include Tom Brady, Shaquille O’Neal,
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
Kyle Davies ran 3AC alongside Su Zhu and still hasn’t faced consequences At the same time, Davies is posting all of his risky crypto bets on X Sam Bankman-Fried’s FTX is a downstream casualty of the 3AC disaster Crypto fugitive Kyle Davies has continued to publicly engage in degenerate gambling – as if his crypto