IRS broadens tax requirements for crypto to encompass everyone
The IRS said tax and reporting requirements are now mandatory for everyone who received, earned, transferred, or sold cryptocurrencies.
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The global crypto market cap is $1.08 trillion with a 24-hour volume of $66.83 billion. The price of Bitcoin is $23,000.26 and BTC market dominance is 41.2%. The price of Ethereum is $1,657.92 and ETH market dominance is 18.9%. The best performing cryptoasset sector is Cannabis, which gained 30%.
Latest News
IRS broadens tax requirements for crypto to encompass everyone
The IRS said tax and reporting requirements are now mandatory for everyone who received, earned, transferred, or sold cryptocurrencies.
Britcoin CBDC touted as replacement to cash by Bank of England
‘Britcoin’ wallets will face an initial cap of between £10-20k.
‘Unregulated, rogue’ crypto exchanges to end under passport system, says O’Leary
Kevin O'Leary forsees an exchange passport system to globally address cryptocurrency's borderless 24/7 nature.
3AC liquidators files against Kyle Davies for ignoring Subpoena order
Davis failed to comply with the subpoena order despite maintaining an active presence on Twitter and attempting to raise $25 million for GTX.
Crypto AI tokens struggle as Google chatbot ad campaign shows factual issues; stock falls 6%
Following a strong start to 2023, crypto AI tokens stalled as Google failed to demonstrate accuracy in its chatbot preview
FTX lawyers S&C file $7.5M invoice for November services
Over 150 Sullivan & Cromwell (S&C) employees spent 6,561 hours working on the FTX bankruptcy case.
Gazprombank warns of losses stemming from launch of Russian CBDC
Gazprombank is one of 15 banks participating in a pilot test of a Russian CBDC and believes that launching a digital ruble will inevitably lead to losses for banks.
Gifto token surges over 300% following rebrand, token swap
GFT has spiked to $0.04 from $0.04 in the last 24 hours and recorded a 370% increase over the last 7 days, according to CryptoSlate data.
Dubai bars issuance of privacy coins, details other crypto regulations
Dubai's virtual assets watchdog said any crypto company looking to set up in the region must secure licensing before it can begin operation.
Full audit of Binance’s reserves ‘some way off’ – exec
Binance Asia-Pacific head Leon Foong said that a full audit of the exchange's reserves will take a while given that big accounting firms are still learning about the crypto sector.
CryptoSlate Daily wMarket Update: Polygon leads top 10 second day running
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
The Sandbox (SAND) surges ahead of token unlock
The next unlock event will release an additional 372.5 million tokens, amounting to 12.419% of total supply.