Tuesday, May 7, 2024
Home > Side (Page 2)

‘Time is not on our side’ to provide regulatory clarity on crypto — US lawmaker

New Jersey Representative Josh Gottheimer said that United States lawmakers needed to pass legislation clarifying regulators’ role over crypto or risk companies taking their business abroad.Following a roundtable discussion on Tuesday with Commodity Futures Trading Commission (CFTC) chair Rostin Behnam and many industry leaders, Gottheimer said some of the crypto

Read More

China warns Bitcoin is heading to zero but BoE looks on the bright side

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.” The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market

Read More

Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600 – Taxes Bitcoin News

Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal Revenue Service (IRS) is specifically focusing on payments of $600 or more for goods and services received through a third-party

Read More

Polygon ’s Side Of The Story: Hard-Fork Resolved A “Critical Vulnerability”

The Polygon team promised an explanation and here it is. A few weeks ago, the Ethereum Layer 2 network hard-forked their blockchain, seemingly without explanation. As usual, NewsBTC got to the bottom of the case and presented all of the available information. The only piece missing was a promised official

Read More