The Internal Revenue Service (IRS) recently issued a reminder to all taxpayers to report any income related to digital assets. The IRS defines digital assets as including convertible virtual currency and cryptocurrency, stablecoins, and non-fungible tokens (NFTs). The agency has expanded the number of forms that include the question about digital assets and requires all
admin
The world of cryptocurrency is constantly evolving, and investors are always on the lookout for the next big opportunity. With BONK’s price plummeting by 70% since mid-December, the search for a new crypto winner is more intense than ever. Launchpad XYZ’s crypto ICO, set to end in just 24 hours, has caught the attention of
Speculation is swirling once again about a possible significant Bitcoin purchase, potentially one of the largest in cryptocurrency history. Crypto analyst Justin Verrengia has raised the possibility that Saudi Arabia and Qatar may be preparing to acquire a massive amount of Bitcoin, with an official announcement expected in the near future. Verrengia, host of the
Sen. Elizabeth Warren recently made comments that have drawn significant backlash from the cryptocurrency community. Her remarks, based on a report from the U.S. Government Accountability Office (GAO), suggested that cryptocurrency is being used by “rogue nations” to evade sanctions and pose threats to national security. However, many in the crypto community argue that her
In just six days of trading, the recently approved spot Bitcoin exchange-traded funds (ETFs) have experienced a remarkable influx of bitcoins (BTC). These ETFs have collectively accumulated over 95,297 BTC, amassing a total of 647,374 BTC including the assets of the Grayscale Bitcoin Trust (GBTC). The growing popularity of these ETFs can be attributed to
In the modern era, the perception and use of digital assets are experiencing a potential “paradigm shift,” as highlighted by Andrew Peel, the Head of Digital Assets at Morgan Stanley. Peel raises concerns about the impact this shift may have on the global dominance of the U.S. dollar. With the growing interest in assets like
The price of Bitcoin has faced significant challenges in recent times, with a decline of over 3% in the past week. This downward trend has raised concerns about the sustainability of the bull run. However, recent on-chain data has brought some relief, suggesting that Bitcoin may be on the path to a substantial recovery in
The U.S. Securities and Exchange Commission (SEC) has recently initiated a comment period on proposals related to options trading on Bitcoin exchange-traded funds (ETFs). This article aims to provide an analysis of the SEC’s proposed rule changes and their potential impact on the cryptocurrency market. Proposed Rule Change for Nasdaq One of the SEC notices
Cryptocurrency analyst and enthusiast Rekt Capital has recently shared his insights on the potential price directions that Bitcoin could take leading up to and following the upcoming fourth BTC Halving. This highly anticipated event has sparked debates among analysts about the future trajectory of Bitcoin, particularly after its recent breakout from the macro downtrend. In
The U.S. Securities and Exchange Commission (SEC) recently announced that it has delayed its decision on Fidelity’s proposed spot Ethereum ETF. This decision pertains to a proposed rule change that would permit Cboe BZX to list and trade shares of Fidelity’s planned fund. Originally filed on November 17, 2023, the proposed rule change was published
