Taxpayers will need to disclose any and all transfers of digital assets. The year 2022 is the first year when the phrase “digital asset” may be used on tax returns. The Internal Revenue Service (IRS) is extending its mandate for citizens to disclose cryptocurrency transactions. A new draught of Form
October 21, 2022 2 mins read
CEO Kristina Walcker-Mayer of the German firm announced the shutdown. The company first debuted in 2015 under the name Bitwala. As the CEO said, the trade will be possible on the platform until November 30th, 2022. Following a temporary insolvency filing by Nuri in August, the company has now made
October 21, 2022 1 min read
At least 3 million people have joined the crypto community in a mad dash to get a Collectible Avatar NFT on Reddit. Since the introduction of the series in July, more than 3 million Reddit Vault wallets have been established so that users may purchase and sell NFT avatars based
October 20, 2022 2 mins read
Coinbase submitted an amicus curiae brief with the U.S. Court. The federal regulator had rejected Grayscale’s application for a Bitcoin ETF. Coinbase, the biggest cryptocurrency exchange in the United States, is supporting Grayscale, the largest Bitcoin fund, in its lawsuit against the Securities and Exchange Commission (SEC). Since the federal
October 20, 2022 1 min read
Consolidation charge for on-chain transactions like withdrawals and deposits: 0.2%. The exchange will also cut burn tax from 1.2% to 0.2%. Binance cryptocurrency exchange stated on Wednesday that it will reduce the burn tax on Terra Classic (LUNC) from 1.2% to 0.2%. Proposal 5234 was approved by the Terra Classic
October 20, 2022 1 min read
According to GWR’s report, Bitcoin is the “First decentralized cryptocurrency.” Bitcoin (BTC) is down 1.08% and is now trading at $19,204. Bitcoin, Satoshi Nakamoto’s cryptocurrency and blockchain network, has been widely praised and acknowledged by both online and offline media outlets. Because of bitcoin’s status as the “first decentralized cryptocurrency,”
October 19, 2022 1 min read
The senior leadership of Gemini Europe is experiencing significant changes. Earlier this month, Blair Halliday former managing director of Gemini moved to Kraken. Gemini, a cryptocurrency exchange that Cameron Winklevoss and his twin brother Tyler created in 2014, is now the 10th biggest in the world, according to data compiled
October 18, 2022 1 min read
BitKeep said that its development team has moved quickly to limit the hacker’s access. The firm has also guaranteed to pay in full to the victims affected by the hack. This morning, October 18th, BitKeep, a popular wallet provider, was hacked and lost more than $1 million. Moreover, BitKeep wallet
October 18, 2022 1 min read
The leaders in the derivatives business voiced their opposition to the plan. Behnam argued that a “non-intermediated future” would be a “significant deal.” The plan to eliminate intermediaries in U.S. crypto derivatives by FTX has shaken up established financial institutions, but the head of the Commodity Futures Trading Commission (CFTC)
October 17, 2022 2 mins read
The company distinguishes itself by catering to long-term investors. Stash raised the whole $52.6 million from twelve investors, meeting its goal for the offering. According to a recent filing with the U.S. Securities and Exchange Commission (SEC) on Friday, popular investing app Stash Financial Inc. has raised $52.6 million in
October 17, 2022 1 min read
