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Tag: biden

Treasury Proposes Enhanced Cryptocurrency Tax Reporting

On May 20, 2021, the U.S. Department of the Treasury (“Treasury”) released the American Families Plan Tax Compliance Agenda, a report detailing the Biden administration’s proposed measures to raise $700 billion in additional tax revenue over the next decade through the Internal Revenue Service (“IRS”) and its enforcement-related efforts (the “Report”).  Additional detail about these... Continue Reading

Monero Price Prediction: Privacy coin surges by 30% amid Biden crypto taxation plan

TL;DR Breakdown Monero price prediction highlights Monero’s price upsurge following the US president’s new crypto tax plan. Monero registers a 30 percent uptick after the news from Joe Biden. Monero is a leading privacy token that hides the identity of users during transactions. Earlier today, leading privacy cryptocurrency, Monero, registered an impressive 30 percent price […]

FTX set to raise up to $1 billion at $20 billion valuation: sources

Crypto exchange FTX is in the latter stages of a funding round said to value the company at around $20 billion, according to sources.

The post FTX set to raise up to $1 billion at $20 billion valuation: sources appeared first on The Block.

Crypto Tax Crackdown In The US – Should You Still Buy Bitcoin?

The US Treasury and Inland Revenue Service (IRS) are cracking down on what they see as cryptocurrency-fuelled tax evasion. Lack of a regulatory framework for [...]

Privacy Coin Monero Rises 30% After Biden Reveals Tax Plans for Crypto Transactions

Leading privacy-centric cryptocurrency Monero was one of the few tokens to enjoy a bullish impulse following Biden's new tax plans.

U.S. Treasury Requests Report to IRS for Crypto Transfers Over $10,000

The U.S. Treasury Department proposed Thursday that cryptocurrency transactions of more than $10,000 are required to report to the U.S. Internal Revenue Service (IRS). In a proposal...

Crypto Transfers Over $10k Soon to be Reported to IRS

According to the US Treasury, the Biden administration has asked that crypto transactions worth at least $10,000 be reported to the IRS.

US Investors Will Have to Report Cryptocurrency Transactions Over $10K to the IRS

The United States Treasury has called for stricter cryptocurrency compliance measures with the IRS, claiming that there is a significant tax evasion risk in the space.

Colonial Pipeline Hackers Received $90M Worth of BTC in Ransom Payments

The cybercriminal group DarkSide received at least $90M in ransom payments, paid in BTC, from several victims, including Colonial Pipeline.

‘Crypto Bank’ Charters Should Be Reassessed, Says Senate Banking Chair

Anchorage, Paxos, and Protego earned conditional national trust charters from the Office of the Comptroller of the Currency earlier this year.

IRS Rains On Bitcoin Parade With Mandatory >$10k Transaction Reporting

IRS Rains On Bitcoin Parade With Mandatory >$10k Transaction Reporting
In the latest of a series of moves to regulate the leaping trillion dollar cryptocurrency market, the US treasury has now mandated that Crypto transfers worth $10,000 and above, must be reported to the IRS. The move is a mirror of the fiat currency transfer rule mandated by the US for all transfers above the […]

How Recent Cyber Attacks Will Shape The Next 5 Years

Ep. 182 Add bookmark It's been an eventful couple of quarters in gargantuan cyber attacks....

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