Cryptocurrency Tax Guide: Everything You Need To Know

Aaron Rodriguez | October 2, 2023 | Leave a comment

Introduction Cryptocurrencies are treated more and more as investing instruments over time. Although the cryptocurrencies like Bitcoin were introduced as an alternative to paper currencies, these digital assets are now performing several functions that are similar to that of...

The Central Bank of Russia Legalizes another Crypto Service Provider

Daniel Sharkey | March 13, 2023 | Leave a comment

According to RBC, the business news outlet, Circulated Registry Systems, which runs the Masterchain exchange platform, has been included in the list of information structure entities permitted by the Central Bank of Russia to distribute digital and virtual financial...

President Joe Biden To Unveil Budget Proposal To Close Crypto Tax Loophole

Daniel Sharkey | March 11, 2023 | Leave a comment

According to reports, the US president is set to announce a new budget proposal that would effectively close tax loss harvesting on cryptocurrency transactions. President Biden will unveil the proposal on Thursday to close loopholes exploited by wash sales...

Voyager Sells $56M in Crypto

Daniel Sharkey | March 10, 2023 | Leave a comment

Voyager Digital Ltd., a crypto brokerage firm, had liquidated around fifty-six million dollars’ worth of Shiba Inu, ETH, and other ERC-20 tokens. This report came after the company faced technical issues with its trading platform that resulted in many...

Binance.US Secures Approval to Acquire Bankrupt Crypto Lender Voyager Digital

Daniel Sharkey | March 9, 2023 | Leave a comment

As part of its expansion plan, Binance.US has received approval from the US Bankruptcy Court to acquire the assets of the now-collapsed Voyager Digital. The deal, reportedly valued at over $1 billion, will allow Binance.US to expand its operations...

Silvergate Returns $9.85M Deposit To BlockFi Amid Ongoing Bankruptcy Row

Daniel Sharkey | March 8, 2023 | Leave a comment

As part of its bankruptcy proceedings, Silvergate was forced to return $9.85 million to BlockFi. According to documents on the bankruptcy proceedings, the court has asked the bank to release the funds to the now-insolvent crypto lender. Silvergate Refunds...

Evil and Good Turns Roll Over in the Crypto World

Daniel Sharkey | March 7, 2023 | Leave a comment

Thai Tax Advantages for Businesses Releasing Investment Tokens Marco Polo Files for Bankruptcy Uncovering Binance’s Chats of Deception Thai Tax Advantages for Businesses Releasing Investment Tokens The Thai ministries have approved a plan to exempt businesses that offer digital...

Kraken Launches its Bank

Daniel Sharkey | March 6, 2023 | Leave a comment

Kraken, a cryptocurrency exchange, is planning to launch a bank in the United States despite the challenging regulatory environment faced by the industry. Kraken’s chief legal officer, Marco Santori, confirmed this during an interview on The Scoop podcast. The...

Clearing the Air: Upcoming Blockchain-Related Innovations

Daniel Sharkey | March 5, 2023 | Leave a comment

TwelveFold goes under the hammer Former ADA’s Hoskinson responds to centralization allegations Is Ripple working on Private XRP Ledger for CBDC implementation? TwelveFold Goes Under the Hammer The Yuga Labs TwelveFold NFT series auction starts on March 7 at...

Nubank Introduces its Digital Asset

Daniel Sharkey | March 4, 2023 | Leave a comment

Warren Buffet-backed Nubank has reported its asset known as Nucoin. On top of the Polygon protocol, the currency will be issued to institution users, with eighty percent of the total distribution directed to the end users. According to reports...

Cryptocurrency Regulation and Taxing

Cryptocurrency Tax Guide: Everything You Need To Know

The Central Bank of Russia Legalizes another Crypto Service Provider

President Joe Biden To Unveil Budget Proposal To Close Crypto Tax Loophole

Voyager Sells $56M in Crypto

Binance.US Secures Approval to Acquire Bankrupt Crypto Lender Voyager Digital

Silvergate Returns $9.85M Deposit To BlockFi Amid Ongoing Bankruptcy Row

Evil and Good Turns Roll Over in the Crypto World

Kraken Launches its Bank

Clearing the Air: Upcoming Blockchain-Related Innovations

Nubank Introduces its Digital Asset

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