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American taxpayers will find a broader, more defined category encompassing cryptocurrencies and nonfungible tokens (NFTs) in their 2022 IRS tax forms. The draft bill released by the Internal Revenue Service features a well-defined Digital Assets section that outlines if and how taxpayers will account for the use of cryptocurrencies, stablecoins
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They aren't the only ones to leave recently. Last week, CryptoX broke the news that Chief Operating Officer Samir Shah, a 12-year JPMorgan Chase veteran, abruptly left Pantera after barely two months on the job. Legal counsel Joe Cisewski left to become chief of staff for Christy Goldsmith Romero,
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Regulators in the U.S. and U.K. have met to discuss broader crypto regulatory initiatives. They reaffirmed their commitment to “continued cooperation to support safe financial innovation, as well as to strengthen regulatory outcomes for stablecoins across jurisdictions.” US and UK Regulators Collaborate on Crypto Regulation The U.S. Department of the Treasury published
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“FDIC insurance does not protect a nonbank’s customers against the default, insolvency, or bankruptcy of any nonbank entity, including crypto custodians, exchanges, brokers, wallet providers, or other entities that appear to mimic banks but are not,” the agency instructed. Source
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With the economic mood darkening, the Fund sees inflation and a recession as major risks – but not crypto market turbulence Original Source
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As the fall of Terra (LUNA) and TerraUSD (UST) may have a noticeable short-term impact on the decision-making of both retail and institutional investors, it doesn’t pose a risk to the larger crypto ecosystem, according to Du Jun, CEO of Huobi Global CEO. In an interview with Cointelegraph, Jun explained
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Bitcoin (BTC) fell below $30,000 for the first time in ten months. Original Source
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Still, the changes failed to move prices of the two tokens even as total market cap added 5%. At the time of writing, SHIB is changing hands at $0.00002148, a 3.55% rise over the past 24 hours, and DOGE rose 3.28% to $0.1344 – displaying sluggish growth for tokens that
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Bitcoin perpetual traders seem to be the only ones unmoved by the digital asset’s recent breakout. BTC which has had a tremendous rally during the first half of the week had been able to break out of the slump of the low $40,000s and moved on an upward trajectory above
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Bitcoin, the top cryptocurrency by market value, dropped under the average in late December. A week later, ether, the second largest, and play-to-earn game Axie Infinity's AXS coin followed suit. Heavyweights from other sub-sectors like UNI, LINK, XMR, AAVE, PERP and YFI also fell below their 200-day MAs early this
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