Cryptocurrency Analysis and News Portal
Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States president Joe Biden. On Aug. 25, in an effort to catch crypto users avoiding taxes, the Internal Revenue Services (IRS) proposed brokers follow new rules for selling and trading digital assets. Brokers would
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Florida Gov. Ron DeSantis has pushed a platform based partly on “economic independence” in his 2024 presidential campaign, specifically taking a stance on digital currencies. Speaking at a campaign event in New Hampshire on July 31, DeSantis reiterated his plans of banning central bank digital currencies, or CBDCs, should he win
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Economists predict the US Treasury’s forthcoming debt issuance will hit $1 trillion and may eventually cause economic stiffness. US President Joe Biden’s assent and signing of the bill suspending the federal debt ceiling will trigger new debt issuance. Already, observers expect the Treasury Department to sell $1 trillion worth of debt. On
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Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass.The Digital Assets Mining Energy (DAME) excise tax proposal sought to charge crypto
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Bitcoin (BTC) continued to drift downward, slipping just below $27,000 as investors keep close attention on the debt ceiling negotiations in Washington. Defiance ETFs CEO Sylvia Jablonski and Galaxy Digital global head of trading Jason Urban shared their insights on the current state of the crypto markets. Plus, Pudgy Penguins
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Blockchain addresses many of these challenges by providing a transparent and secure platform for tracking and verifying the origin, and production. Each transaction, from mining to manufacturing, can be recorded and verified by multiple parties, ensuring that the information is accurate and trustworthy. This transparency can help curb smuggling and
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Robert Kennedy Jr. has spoken out against President Biden’s proposed 30% tax on cryptocurrency mining, emphasizing the importance of financial privacy and the need to support innovation within the crypto industry. Recently, Robert Kennedy Jr. voiced his
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Cryptocurrency miners based in the United States could soon face a tax equal to 30% of the cost of electricity they use if President Joe Biden’s proposed budget for the fiscal year 2024 is approved by Congress, but the proposal has sparked debate about whether it would actually decrease global
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There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations.
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United States President Joe Biden will reportedly ban his communications director from handling matters related to any crypto or technology firms he has previously worked with, while allowing him to advise on crypto regulation.According to an April 22 Bloomberg Law report, the White House communications director Ben LaBolt will be
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