Key Takeaways As crypto has grown, regulators have become more interested in monitoring the space. Several U.S. agencies, including the SEC, CFTC, and OCC,...

The U.S. Treasury has clarified that the crypto miners and wallet operators are exempt from the Internal Revenue Service’s reporting rules. In a letter sent to a group of senators on Friday and first seen by Bloomberg, the Treasury addressed concerns that the recently passed infrastructure bill would capture virtually all entities in the crypto […]

The post U.S Treasury Says Crypto Miners Exempt From IRS Reporting Rules appeared first on Coin Bureau.

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The U.S Treasury Department might exclude crypto miners and stakers from a crucial rule going forward, reported Bloomberg. It has to do with the rule where brokers of virtual assets are required to provide information on their clients’ transactions to the Internal Revenue Service (IRS) under last year’s infrastructure bill. Congress had made way for […]

"Persons who are just validating transactions through a consensus mechanism are not likely to know whether a transaction is part of a sale," according to the Treasury.

The post US Treasury reiterates that the IRS won’t consider crypto miners, stakers or coders to be brokers appeared first on The Block.

Republican Senator Ted Cruz of Texas is the latest politician to enter the bitcoin space. Not long ago, Cruz bought the dip that bitcoin was experiencing and purchased roughly $50,000 worth of the world’s most popular digital currency. Ted Cruz Has Jumped on the BTC Train Cruz has long been a serious bitcoin advocate, and...

The post Senator Ted Cruz Purchases A Lot of Bitcoin appeared first on Live Bitcoin News.

Team8’s Cybersecurity Report Underscores the Need for Smarter and More Resilient Security

(PRWeb February 08, 2022)

Read the full story at https://www.prweb.com/releases/vc_group_identifies_seven_cybersecurity_themes_for_2022/prweb18485075.htm

Texas senator Ted Cruz just bought the latest Bitcoin dip confirming that he is ready to put his money where his mouth is as we are reading further in our latest Bitcoin news. According to the financial disclosures filed on Friday 4th, Ted Cruz bought the latest Bitcoin dip and purchased between $15K and $50K […]

Senator Rafael ‘Ted’ Cruz of Texas, a junior Republican, is putting his money where his mouth is.  Cruz purchased between $15k and $50k worth of Bitcoin on January 25th, according to a financial report filed on February 4.  Bitcoin was trading between $36k and $37k at the time, and it has since increased to its current price of roughly $41,600. His current profit on the purchase is in the range of $2,000 – $6,850, assuming he hasn’t sold his bitcoins and paid any short-term capital gains taxes. Cruz spent most of the latter half of the crypto bull run connecting himself with the blockchain and cryptocurrency business, following in the footsteps of fellow Senator Cynthia Lummis of Wyoming, as his state profited from an influx of Bitcoin mining companies. He has lobbied for the acceptance of cryptocurrency payments in gift shops and vending machines throughout the United States Capitol complex. He spoke against a provision in the recent infrastructure bill that critics say would broaden the definition of a ‘broker’ to include miners, validators, and coders.  According to the Texas Department of Banking guidance on Virtual Currencies, “no currency exchange license is required in Texas to conduct any type of transaction exchanging virtual with sovereign currencies.”

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Sen. Ted Cruz (R-TX) made a bitcoin purchase during the recent dip, according to new financial disclosures with the US Senate. 

The post Financial disclosures show Ted Cruz made a January 25 bitcoin purchase appeared first on The Block.

Texas Senator who talks a big game actually has something to show for it.

Users collectively track over $50 billion in crypto assets on CoinTracker.