IRS Hits The Pause Button On $10K Crypto Tax Rule: What’s Next?
The Internal Revenue Service will be putting a pause on its contentious $10,000 cryptocurrency tax rule. What Happened: As reported by Decrypt, the IRS and the Treasury Department jointly issued a statement on Tuesday, signaling their updated stance concerning the…
Wall Street CEO says “I have the money†on Tether reserve assets controversy | CoinDesk JAPAN
Howard Lutnick, CEO of Wall Street financial services firm Cantor Fitzgerald, said on the 16th that Tether, the stablecoin issuer behind Tether (USDT), is He assured Tether’s legitimacy by noting whether it had the funds. This has been one of…
U.S. IRS announces moratorium on businesses’ reporting requirements for virtual currency transactions
Ministry of Finance plans to formulate rules The US Internal Revenue Service (IRS) announced on the 16th that tax returns for crypto-asset (virtual currency) transactions required by the Infrastructure Investment and Jobs Act will not be required to be filed…
IMF Managing Director: “Cryptocurrency is more of an asset class than moneyâ€
Virtual currency is not money In an interview with Yahoo Finance, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), expressed the view that “we should distinguish between currency and assets†regarding crypto assets (virtual currencies). Georgieva pointed out…
‘Sharp’ Bitcoin Fall Coming? Peter Schiff Says SEC’s Gary Gensler ‘Will Soon Introduce New Onerous Crypto Regulations’
Gold bug and economist Peter Schiff anticipates a potential drop in Bitcoin’s (CRYPTO: BTC) value following the Securities and Exchange Commission’s (SEC) approval of several spot Bitcoin ETFs as a precursor to stricter crypto regulations. What Happened: Schiff on Tuesday…
A professional explains the market price at the beginning of the year after Bitcoin ETF approval | Contribution: Virtual NISHI
*This report was written by Virtual NISHI, a crypto analyst at the crypto asset exchange SBI VC Trade.@Nishi8maru) contributed to CoinPost. Bitcoin Market Report (January 17th to January 23rd) Around 6 a.m. on January 11th (Japan time), the US SEC…
Coinbase vs. SEC, January 17th lawsuit dismissal request/hearing outlook
Hearing on request for termination of litigation Coinbase, a major U.S. crypto-asset (virtual currency) exchange, filed a “Request for Dismissal†on January 17, U.S. time, in a legal conflict with the U.S. Securities and Exchange Commission (SEC). ) is scheduled…
How Walmart’s Financial Services Became a Fraud Magnet
by Craig Silverman and Peter Elkind ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. Christy Browne was in a panic. The man on the phone said…
First golden cross in history on Bitcoin weekly chart | CoinDesk JAPAN
The 50-week simple moving average (SMA) of Bitcoin (BTC) price has exceeded the 200-week SMA for the first time in history. Market participants call this a “golden cross†and see it as a positive change in asset prices, and this…
Grayscale Bitcoin Trust Faces Massive Outflows Amidst Trading Fee Concerns
The post Grayscale Bitcoin Trust Faces Massive Outflows Amidst Trading Fee Concerns appeared first on Coinpedia Fintech News Grayscale, a renowned American digital currency asset management firm struggles with massive outflows in its Spot Bitcoin ETF, the Grayscale Bitcoin Trust…