Crypto firms ask Congress to roll back IRS rules for DeFi: CNBC Crypto World
On today’s CNBC Crypto World, bitcoin inches back to the $97,000 while ether remains flat. Plus, the Blockchain Association pens a letter to Congress asking for a repeal of finalized…
Read More »Will ETH outperform BTC in Jan? IRS DeFi broker rules, and more: Hodler’s Digest, Dec. 22 – 28
An analyst predicts that Ether may outperform Bitcoin in January 2025, IRS introduces new DeFi rules, and more: Hodlers Digest
Read More »Crypto staking Jarretts again sue IRS over block reward taxes
A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid.
Read More »U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians
The IRS has now set up its reporting system for crypto brokers, but it set aside related rules for DeFi and unhosted wallets as it continues to study 44,000 comments…
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How Much For XRP with 90 New Blockchains, Ripple Cosmos IBC Partner, IRS Using AI, Mastercard Shocks
#XRP #Ripplenet #Ripple #Blockchain #web3 Follow me on Twitter: @sentosumosaba Patreon: https://www.patreon.com/cryptoeri My Patreon is for people interested in additional information and receiving exclusive commentary, group zoom meet-ups & videos….
Read More »IRS Releases Draft Tax Form for Digital Assets — Expert Raises ‘Major Privacy and Security Concerns’
The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Brokers, including unhosted wallet providers, are required to report…
Read More »Crypto Project Sues Chainalysis
The new year seems set to start tumultuous for Chainalysis. In addition to the trial for Roman Sterlingov set to begin on February 12th, which questions the reliability of Chainalysis…
Read More »IRS tax bill will swipe creditors of any ‘meaningful recovery,' says FTX
FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill.
Read More »FinCEN Proposes Insane Special Measures
Yesterday’s FinCEN rule proposal is incredibly overbroad, comprehensive, and perfectly designed to allow arbitrary information collection at any scope they choose to enforce. It truly is a mind-blowingly large grab…
Read More »Open Ordinals Institute Launches to Propel Bitcoin Ordinals Protocol
The Ordinals team, led by creator Casey Rodarmor, has introduced the “Open Ordinals Institute,” a non-profit organization aimed at advancing the Bitcoin Ordinals protocol and its reference implementation, Ord. The…
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