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Crypto income taxation is a murky arena at present. It would seem that even the U.S. Internal Revenue Service, or IRS, has a tough time figuring out who owes what, according to Wendy Walker, solution principal at the tax compliance company Sovos. "In the typical tax system, the IRS uses 1099 reporting,"
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Yearn.finance’s YFI token saw a sharp capitulatory decline overnight that caused it to post some massive losses. This
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According to a public notice published in the Supplement to the Official Journal of the European Union, Ocean Protocol, a Singaporean non-profit foundation, was hired to create a decentralized network for Germany's Bundesbank.The central bank said that the Ocean protocol, which is a project of relatively limited renown, was chosen
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Bitcoin capped the week weaker while DeFi crypto locked dipped.The price of bitcoin was able to muster a rise to as high as $13,663 Friday, according to CryptoX 20 data. However, the world’s oldest cryptocurrency subsequently lost some steam and settled to $13,354 as of press time.Michaeal Gord, chief executive
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Ethereum spent most of 2020 outperforming Bitcoin by a large margin, thanks to the burning hot DeFi trend
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Days before a U.S. presidential election marred by court fights over vote counting and partisan allegations of rampant mail-in ballot fraud, Overstock.com is once again touting what it calls a solution: blockchain voting.“If [voting] doesn’t work as well as it should, next week think about how Voatz could have solved
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The Dow Jones dropped over 400 points Friday.U.S. stocks plummeted after earnings season crushed big tech.Nadex believes Dow bulls should be backing Donald Trump.The Dow Jones dropped again on Friday, as earnings crushed Apple and Boeing stock. Election jitters are on the rise, with some investors starting to question how
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Verizon unveiled "a blockchain-based, open-source newsroom product designed to raise the bar for corporate accountability," today according to a public statement. Called Full Transparency, the platform is meant to immutably document the company's own news releases on a public blockchain. Verizon posted its first news story through the platform yesterday, according to
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For this special Halloween edition, CryptoX Executive Editor Marc Hochstein weighs in with a guest column about the spookier aspects of the banking system. It’s a perfect follow-up to last week’s newsletter on the harmful legacy of the U.S. Bank Secrecy Act. Before you dig into it, let me remind you
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The DeFi trend is finally dying down, and it has left even the once hottest and most hyped
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