Cryptocurrency Analysis and News Portal
The crypto sector appears to have dodged another bullet. At the time of publication, the United States has reached a political agreement to raise its debt ceiling, avoiding a calamitous default on its obligations, and this resolution probably won’t include any new taxes on cryptocurrencies. But that doesn’t mean the question
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The Biden administration seeks to terminate the tax-loss harvesting strategy for crypto investors which would help the White House save $31 billion over a ten year period. On Thursday, March 9, the Biden administration proposed some important changes to crypto tax treatment in the federal budget. This could be a
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The president's team has already passed one crypto tax-related piece of legislation into law; in 2021, the Bipartisan Infrastructure Framework, which later became the Infrastructure Investment and Jobs Act, included a controversial tax provision that would impose certain reporting rules onto brokers facilitating crypto transactions. The definition of "broker" was
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Blur, which debuted in October 2022, landed itself on the map for being a no-fee marketplace geared toward professional NFT traders. In one of its first days, it raked in about 1,160 ETH in trading volume, or over $1.8 million. It soared past competitor marketplaces such as SudoSwap and LooksRare,
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Bitcoin Loophole facilitates Bitcoin (BTC) trading through automated crypto trading software. It uses trading bots to help users make financially sound decisions in the crypto markets to make large chunks of profits. Cryptocurrency trading has gone mainstream, with traders making large sums of money in the market. Bitcoin Loophole takes
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MiCA broadly allows the practice, but, compared to other EU financial service laws, includes stronger powers for supervisors to stop solicitation being abused - including an ad ban for unauthorized products. However, the detailed ground rules need to be set by the European Securities and Markets Authority (ESMA), which has
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That trial took place in Delaware because Twitter, Inc. has its corporate registration there. So do Amazon, Google, Walmart and Meta (formerly Facebook). In fact, companies responsible for an incredible 45% of U.S. GDP [gross domestic product], and making up two-thirds of the Fortune 500, are registered in Delaware. So
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Japan will propose a revision of its foreign exchange law to parliament, said a government official. Source
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A new draft of the Build Back Better Act – U.S. President Joe Biden’s hoped-for spending bill – still contains language meant to close tax loopholes that cryptocurrency investors could exploit.A section of the Rules Committee print of the bill, dated Oct. 28, adds cryptocurrency transactions to the constructive sale
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A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker.Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade substantially, regularly and continuously,
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