Those who actively play the cryptocurrency exchanges – such as regularly trading in hopes of scoring rapid profit – can expect to see more tax reporting requirements as soon as next year. Part of the Biden infrastructure bill was a proposal for the IRS to increase the required reporting on cryptocurrency transactions in an effort to…
If you’ve ever wanted the opportunity to look back and remember fondly how you bought low and then sold high, the crypto market is perfectly poised to give you that opportunity. Bitcoin and its competitors have all taken a dip in recent weeks, leading experts to declare them as “oversold” (meaning the price drops have…
Real World Property Adds Further Legitimacy to Crypto If you can buy property with it, it has credible value – that’s the story coming out of Spain and 19 other countries with properties available for purchase in cryptocurrency. A new study found hundreds of properties around the world that could be bought using crypto, indicating that,…
The crypto wallet sphere – through which users are able to access, purchase, and trade cryptocurrency – was rocked this week when data security company Fireblocks publicly identified a series of vulnerabilities in several major wallets that could allow thieves to take funds without leaving any trace. Millions of users of popular wallets such as Coinbase WaaS,…
Crypto is having a breakaway moment, and it might not stop until it’s running parallel with gold as the most favored method for future-proofing assets. The combination of the recent downgrading of US credit, Ripple’s win over the SEC, and BTC’s announcement that it will soon be halving has at least one Wall Street executive…
What does it look like when a country fully embraces cryptocurrency? We need look no further than El Salvador to find the answer, as the country has adopted bitcoin as an official currency, provides free of charge education opportunities to its citizens, and is quickly becoming the mecca for cryptocurrency tourism. The results, while predictable…
The presidential race for 2024 is starting to heat up, and with it, some candidates are taking strong stances on cryptocurrency. Chief among them is Robert F. Kennedy, Jr., nephew to President John F. Kennedy and now second in the race for the Democratic nomination. While the Democratic establishment will likely do whatever it can to…
For years, Russians have turned to cryptocurrency as a way to cushion themselves against the volatile fluctuations of the ruble and the country’s overall economic instability. A recent study found that Russians own more wealth in cryptocurrency than they do in gold or mutual funds, with 6% of Russians adopting cryptocurrency as of 2023. Perhaps interpreting this as a…
In a sign of growing adoption, workers around the world are opting to be paid in cryptocurrency rather than exclusively in fiat currency. Interest in opting into crypto salaries is surging as the public becomes more familiar with cryptocurrency and more wary of volatile fiat currencies in the throes of inflation. It’s happening faster in…
The cryptocurrency market came alive this past week following a series of applications to the Securities and Exchange Commission (SEC) for new crypto on-ramps. While none of them have been approved yet, the interest from investors of all sizes drove the market to its highest rate of growth since July 2022. The excitement began on…
