Are you a crypto trader? The US government is about to make your life a little different. The Treasury Department and IRS have rolled out new rules that will change how cryptocurrency exchanges operate, especially when it comes to taxes. From now on, if you use a centralized exchange like Coinbase, you'll get a form called 1099-DA. This is basically the crypto versio...
The IRS has finally released their long-awaited tax reporting guidelines for digital assets. This means crypto investors need to get ready, as changes are coming soon. Starting in 2026, brokers will have to report gross proceeds from sales made in 2025 using a new form called 1099-DA. A year later, in 2027, they'll also need to include the purchase price of certain d...
Recession Fears Sink Crypto Market, But Is It Just a Blip on the Radar? The crypto market has taken a tumble, with Bitcoin and US cryptocurrency-related shares plummeting in value. But is this a sign of impending doom or just a normal correction in an otherwise volatile market? To answer this question, let's take a closer look at the recent events that have led to t...
The world of cryptocurrency has made a significant impact on the political scene, with crypto-backed super political action committees (PACs) making their first battleground Senate endorsements in the general election. These PACs, led by Fairshake, Defend American Jobs, and Protect Progress, have raised a staggering $240 million for the 2024 election cycle. Their goa...
Russia's relationship with cryptocurrency has been tumultuous, to say the least. Just a few years ago, the country was considering a blanket ban on digital assets. But, as a result of Western sanctions and payment difficulties, Russia is now looking to cryptocurrency as a potential solution. As September 1 approaches, the country will begin testing digital asset exch...
The art of NFTs (non-fungible tokens) has always been a way for people to showcase their status, uniqueness, and exclusivity. Donald Trump, the 45th President of the United States, has been jumping into this market, releasing his fourth line of NFTs, featuring a collection of unique digital assets that celebrate his "storied career." But what exactly do these NFTs re...