Wash sale rules prohibit the sale of securities at a loss and the repurchase of the securities within 30 days in order to prevent taxpayers from lowering their tax liability through “artificial” losses.
JinseFinanceThe IRS faces criticism for its aggressive tactics in seeking help from blockchain investigator ZachXBT, raising concerns about privacy and professionalism.
WeiliangThe IRS is escalating efforts against crypto tax evasion, with over half of recent investigations focusing on tax-related issues. The surge in digital asset adoption has led to an increase in tax-related probes, prompting the IRS to formulate new regulations targeting brokers and intermediaries in the crypto space. The proposed measures, seeking input until January 25, 2024, will be integrated into the American Families Plan Act of 2023, reinforcing reporting requirements for crypto transactions exceeding $10,000.
Huang BoJinseFinanceBinance, the world's largest cryptocurrency exchange by volume, is no stranger to tussles with regulators around the world.
decryptThe company today announced another round of layoffs, one day after saying that it was “winding down” support for NFTs.
decryptWhile a classic technical indicator could be hinting at BTC price falling below $13,000 as well.
CointelegraphInvestors need a plan to cater for every eventuality, as analysts still focus on $16,000 as a downside target.
CointelegraphArthur Hayes, the Former CEO of Bitmex, harped on the potential of Ethereum registering $10,000 in value by the end ...
Bitcoinist5ire is a blockchain based on the NPoS (Nominated Proof of Stake) consensus mechanism with "Proof of 5ire" as its core technology.
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