Cryptocurrency Analysis and News Portal
A group of United States lawmakers is reportedly planning to reintroduce legislation to change the reporting requirements for certain taxpayers involved in crypto transactions.According to a March 7 report from Punchbowl News, Representatives Patrick McHenry and Ritchie Torres plan to reintroduce the Keep Innovation in America Act. McHenry was one
Read MoreICO statement on its data protection and freedom of information remit, following Telegraph reporting of WhatsApp messages sent by Matt Hancock during the COVID-19 pandemic. An ICO spokesperson said: “Data protection law ensures people’s personal information is used properly and
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Despite SEC reporting delays, crypto miner Marathon should see its Q4 2022 revenue triple quarter-over-quarter. According to reports, Marathon Digital Holdings, Inc (NASDAQ: MARA) expects to post $38.4 million in revenue for Q4 2022. Although this sum triples what the crypto miner made in the preceding quarter, it is still
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The launch of the Binance Tax product in France has tagged a stepping stone for the service that will soon be made available in other countries around the world. The Binance exchange, the world’s largest crypto brokerage firm by trading volume, has announced the launch of its Binance Tax product to
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Apple stopped sharing performance guidance during the COVID-19 era and the firm declined to do so also this time. American multinational technology giant Apple Inc (NASDAQ: AAPL) has shared its last quarter performance report in which it recorded a slip in revenue below analysts’ expectations. The company reported
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The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto Brokers
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A key set of crypto tax reporting rules is being delayed until further notice under a decision made by the United States Treasury Department. The rules were supposed to be effective in the 2023 tax filing year, in accordance with the Infrastructure Investment and Jobs Act passed in November, 2021.The
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Three United States lawmakers have introduced legislation that would direct the Environmental Protection Agency, or EPA, to report on the energy usage and environmental impact of crypto miners.In a Dec. 8 announcement, California Representative Jared Huffman and Massachusetts Senate Ed Markey said they were “sounding the alarm” the energy use
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This means that these gains and losses would directly hit these companies’ earnings. The other choice would be to have companies record the swings in the value of their crypto holdings in “other comprehensive income,” which wouldn’t impact earnings. Source
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The Swiss Financial Market Supervisory Authority, or FINMA, has announced it will be extending an anti-money laundering ordinance which requires identity checks for reporting certain crypto transactions.In a Nov. 2 notice, the Switzerland financial regulator said it would enforce a threshold of 1,000 Swiss francs — roughly $997 at the
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