U.S. Cryptocurrency Users Face Stricter IRS Scrutiny
The IRS has introduced stringent reporting requirements for U.S. cryptocurrency transactions over $10,000, raising concerns about compliance challenges and potential legal repercussions.
AlexLog in/ Sign up
Bloomberg analyst: 95% of Bitcoin ETF investors did not sell during the market decline
06/05/2024 22:25
Bullish
Bearish
Live Updates
Trending News
- Alex
UniSat's Strategic Move: Embracing the Jubilee Upgrade for BRC-20's Future
UniSat's decision to follow the Ordinals Jubilee upgrade and release a white paper on January 31 marks a significant step in the blockchain realm, balancing innovation with community interests and protocol integrity.
BrianZKFair Airdrop: A Landmark Event in Decentralized Finance
ZKFair's airdrop, rooted in fairness and community, signifies a pivotal moment in DeFi, leveraging Polygon ZK technology to reshape the L2 landscape.
KikyoNew Era in Connectivity: Starlink's Groundbreaking Move
Elon Musk's Starlink introduces "Direct-to-Cell" satellite technology, enabling smartphone connectivity in remote areas, garnering positive reactions from the crypto community.
AlexEthereum's Vitalik Buterin Makes Notable USDC Transaction
Ethereum cofounder Vitalik Buterin transfers 3,300 USDC amid a broader market downturn, while Ethereum's future outlook remains cautiously optimistic.
KikyoIRS Implements Stricter Reporting Requirements for Cryptocurrency Transactions
Effective January 1, 2024, these tax reporting obligations emerged as part of the infrastructure bill signed into law by United States President Joe Biden in November 2021.
AlexCrypto Markets Fluctuate as Bitcoin ETF Decision Looms
Crypto markets witnessed turbulence as Bitcoin and related stocks reacted to expectations of imminent approval for spot Bitcoin ETFs by regulators. Bitcoin's value dipped 5%, alongside declines in major crypto-related stocks, reflecting anticipation and uncertainty in the market.
JoyCipher Mining Secures Deal with Canaan for Miner Expansion
Bear LLC and Chief Mountain LLC, joint ventures in which Cipher holds 49% interests, will purchase 16,700 units of the latest Avalon A1466 miners from the country.
AlexDid the CEO of Collapsed Fund HyperVerse Fake His Identity to Scam?
An investigation into HyperVerse reveals a CEO with unverifiable credentials, raising doubts about the scheme's legitimacy. Investors face financial turmoil amid discrepancies surrounding key figures, highlighting the need for regulatory scrutiny in the crypto investment landscape.
JoySteamboat Willie Inspires New Crypto Wave: The Launch of Mickey Meme Coin
The entry of Steamboat Willie into the public domain has led to the creation of the Mickey meme coin, blending nostalgia with modern digital culture, while Disney continues to protect its newer intellectual properties.
Brian