Joshua and Jessica Jarrett, a couple from Nashville, are filing a lawsuit against the IRS after being taxed for the rewards earned from crypto staking on the Tezos blockchain. According to the lawsuit, Joshua and Jessica Jarrett seek an income tax refund of $3,293 in total for the 8,876 tokens mined. The couple is also …
Continue reading “Nashville Couple Sues IRS, Claim Bitcoin Mining & Staking Not taxable”
CRYPTO’S SPECIAL PLACE IN THE NEW WORLD First things first, the new world is a digitised one. But, the question is — what is the place of cryptocurrencies in this new world? Everyone seems to be hopping on the crypto bandwagon as more and more people invest in cryptos, even when they know nothing about …
The U.S. Securities and Exchange Commission (SEC) has urged Congress to pass cryptocurrency legislation to protect investors, the new SEC chairman has revealed. The securities regulator is also working with the Commodity Futures Trading Commission (CFTC) and the U.S. Treasury Department to combat criminal activity facilitated by cryptocurrencies, the chairman noted. SEC Working With CFTC, …
Continue reading “SEC Urges Congress to Pass Cryptocurrency Legislation to Protect Investors”
Apple Inc. has posted a job notice for a business development manager with cryptocurrency experience. “This position will be responsible for the end-to-end business development, including screening partners, negotiating and closing commercial agreements, and launching new programs,” the job posting describes. Apple to Hire Manager With Crypto Experience to Lead Its Alternative Payments Efforts Apple …
Following the recent developments in China and the environmental concerns about bitcoin’s energy consumption, the Bank of Japan Governor Haruhiko Kuroda criticized the leading crypto asset bitcoin in an interview on Thursday. BOJ’s Kuroda Says Bitcoin ‘Volatility Is Extraordinarily High’ Bitcoin prices have slumped again on Friday after a tumultuous week. After tapping a daily …
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of SUPERBID, being available to trade on the 28th May 2021 at 12:00 UTC. The SUPERBID token was created by its respective team to fuel it’s social-auction app enabling its users to connect influencers with their fans in exchange for items, experiences, and NFTs. SUPERBID …
Continue reading “SuperBid (SUPERBID) Token Is Now Listed on Bitcoin.com Exchange”
A majority of Bitcoin investors that held the cryptocurrency during its turbulent periods stand profitable. Unloading Bitcoin (BTC) spot positions when it starts crashing violently upon forming its all-time highs is a bad investment call, at least according to its historical price action. The flagship cryptocurrency’s eleven-year lifetime has seen it undergoing many bullish and …
Continue reading “Bitcoin can still drop to $20K but holding remains winning strategy, data shows”
Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year. Cryptocurrency businesses in the United Kingdom have been struggling to meet Anti-Money Laundering standards set by the Financial Conduct Authority, according to a senior official. John Glen, a member of U.K. Parliament …
Continue reading “Crypto firms not meeting AML standards, says UK minister”
The ATO said it already knows who is invested in cryptocurrencies and expects cooperation. The Australian Taxation Office has urged citizens to accurately report any profits made in the process of trading cryptocurrencies like Bitcoin (BTC), anticipating tax filings from a pool of 600,000 Aussies who it now believes to be invested in digital assets. …
Continue reading “Australian tax office: Report crypto profits or else”
The BOJ governor says Bitcoin is a speculative play, while issuing warnings over price volatility. Haruhiko Kuroda, governor of the Bank of Japan, has joined the roll call of central bankers taking aim at Bitcoin (BTC) amid the current volatility. According to a report by Bloomberg on Friday, Kuroda argued against the value proposition of …
Continue reading “Bank of Japan governor slams Bitcoin, calls BTC a speculative asset”
Cathie Wood, an iconic crypto investor, has reassured Bitcoin investors is stating that in her view the bitcoin cannot be banned and as such the market is very much here to stay. Her comments come amidst a harsh regulatory climate that is weighing on cryptocurrencies. Cryptocurrencies have been under heavy scrutiny in China, Europe, and …
Continue reading “Cathie Wood: ESG, Musk Hurt Market but Bitcoin ‘impossible to shut down’”
The Bitcoin sector is currently experiencing the largest wipe-out since March 2020. With the token losing nearly 50% of its value in recent weeks, retail traders have been rushing to sell off their holdings in case of a further crash. The recent market crash is blamed on various remarks made by major crypto players and …
Continue reading “Glassnode: 76% of Bitcoin Holders Still In profit – Should You Invest?”
Here are the 5 best cryptocurrencies to buy right now. As the Tesla-instigated bear market continues, we’ve gone for a green theme with five coins that don’t use a proof-of-work consensus mechanism. While they haven’t been able to avoid today’s market-wide selloff, they may be better positioned to thrive in a more eco-minded future. 5 …
Continue reading “5 Best Cryptocurrencies to Buy May 2021 Week 4”
Meme stocks and crypto increasingly appear to be connected at the hip. And as the weekend approaches it looks like we can be sure of one thing – the price of crypto assets will fall. In fact the hyper volatility has already started, with bitcoin recoiling from the $40,000 hit just two days ago to …
Continue reading “Meme Stocks Sucking The Life Out of Crypto – Buy The BTC Dips?”
Multiple efforts to ban Bitcoin couldn’t stop the largest cryptocurrency from becoming a $1 trillion asset earlier this year. While Bitcoin (BTC) increasingly falls under the scrutiny of regulators worldwide, Ark Investment founder and CEO Cathie Wood is confident that regulators will not be able to shut down the world’s largest cryptocurrency. Wood said that Bitcoin …
Continue reading “Shutting down Bitcoin is impossible, Ark Investment founder says”
