Listen to the most important stories in Bitcoin and crypto covered by our newsroom in the past week. Ignorance no excuse: IRS to hunt NFT tax cheats for billions of dollars The IRS is gearing up for a wave of NFT-related tax evasion cases, with many collectors still not sure how to declare crypto assets. […]

The post PODCAST: Binance hiring snafu, NFT tax cheats, Chamath doesn’t care appeared first on Protos.

The self-proclaimed “Dogefather” Elon Musk says Twitter has more important things to worry about than NFTs.

Shiba Inu developers are in the process of developing new methods to burn SHIB. According to Steven Cooper, these mechanisms will be introduced to the ecosystem later. Over the past weekend, more than 110 million SHIB tokens have been burned. Burning tokens are a common ploy applied if there is an excess of tokens in

The post Shiba Inu (SHIB) Sagging Values To Get A Boost With New Token Burn Mechanism? appeared first on CoinGape.

Fast food chain Jack in the Box and crypto exchange FTX US have settled their federal lawsuit over alleged similarities between mascots.

The post Crypto exchange mascot ‘Moon Man’ won’t fight creepy food clown after all appeared first on Protos.

Most Metaverse crypto coins are currently experiencing bearish momentum for the past couple of weeks. This means many projects are currently undervalued and now could be a good entry point. This article looks at our list of the top five most traded Metaverse crypto coins with a market cap under $100 million, ordered by 24-hour […]

The post Top 5 Most Traded Metaverse Crypto Coins With a Market Cap Under $100 Million appeared first on NullTX.

The year 2022 started with high hopes for DOGE as it witnessed another boom in the second week of January 2022. This was because the [...]

The cryptocurrency market is inexperienced with nearly all of the cash recording optimistic figures in 24-hour and 7-day modifications. Terra’s LUNA and meme coin Dogecoin are main in 7-day positive aspects whereas Cardano’s ADA tops 24 hr positive aspects as of writing. Among different headlines outdoors the markets, a Swiss financial institution has laid extra […]

The post IMF says Bitcoin’s correlation with large-cap US shares is a trigger for concern appeared first on Bitcoin Upload.

OlympusDAO's recent crash has revealed a high degree of correlation between "rebase DAO" tokens, with even the largest affected.

The post DAO leader causes cascade across ‘rebase’ tokens after $11M dump appeared first on Protos.

Sam Bankman-Fried, the CEO of FTX, has been particularly complimentary of Solana and Avalanche – the two blockchains labelled as ‘Ethereum killers’.

2021 was a big year for mass crypto adoption – and no, we don’t mean El Salvador. As thousands of ...

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Billionaire Chamath Palihapitiya recently ranked China's cultural genocide of its Uyghurs low on his list of things he cares about.

The post Bitcoin bull Chamath Palihapitiya reckons ‘nobody cares’ about Uyghur genocide appeared first on Protos.

Before now, some countries have mapped out some crypto taxes for transactions on cryptocurrency assets within their jurisdiction. Thailand is one of the countries that proposes some taxation plans. As the new year begins, the revenue department of Thailand is setting up its measures for implementing its tax plans on crypto traders this January. The move is to provide more clarifying information on the tax over crypto-related activities. According to the director-general of the revenue department, this month will mark the finalizing of the criteria for tax calculations which will be on crypto trading profits. The statement’s release was one week following its government’s disclosed plans to levy crypto miners and traders with a capital taxation gain of 15%. A Bangkok Post article on Tuesday reported the instruction of Prayut Chan-o-cha, the Thai Prime Minister, to the revenue department. He told the department to analyze the issue and map out the taxation plans for the investors and the entire public. Related Reading | Upside Potential in NFTs is Massive Says, Gary Vaynerchuk Following the Prime Minster’s instructions, the department has engaged the Bank of Thailand in a discussion. The talk is also the country’s Stock Exchange and Security and Exchange Commission. Cryptocurrency Investors React On Taxation Plan The Thai Digital Asset Association, while seeking clarifications, got in touch with the revenue department on Sunday. A local media reports that the association seeks to know more concerning withholding taxes and capital gains. Suppakrit Boonsat, the President of the Association, stated that many cryptocurrency investors accept the taxation. However, their concern is making moves that may violate the Revenue Code. Some traders are worried that there could be back taxation or penalties to trades and profits in previous years. According to a spokeswoman from the government, the authorities are not posing any hindrance to industrial development and innovation with fintech included. However, she warned that a rush to accept crypto trading without a thorough understanding could lead to a crypto crisis. Thailand intends to place its new taxation only on profits from miners and traders. In addition, there is an exemption of the country’s digital asset exchanges. With the largest affiliated with commercial banks and billionaire business tycoons. Related Reading | January Proves Turbulent For Investors But NFT And GameFi Seems To Be Eating Good According to the latest filing requirements, those that fail to comply with the rule will be heavilThethe move. In addition, they issued some warnings to individual businesses and commercial banks concerning adopting the country’s digital assets as pa through the movement options. In December, through the move Bank of Thailand mentioned its plan of drawing out measures for regulating crypto-related activities. The regulation, which was tagged ‘Red Lines,’ will cover both businesses and individuals within the crypto industry. Featured image from Pixabay, chart from TradingView.com