CRYPTO
The Current State Of The IRS Broker Rule
A summary of the current state of the IRS Broker Rule, declaring non-custodial front-ends for smart contracts brokers for reporting requirements. Between the holidays and New Years, the IRS used the last passing days of the Biden administration to finalize its long feared Broker Rule: a regulation requiring all cryptocurrency exchanges […]
What Crypto Must Do to Activate the Wealth Advisory Segment
Though it may seem contrary to the industry’s Do Your Own Research ethos that is particularly beloved by purists, successfully unlocking crypto access for high net worth investors and their advisors will propel the industry forward, says Binance’s Catherine Chen. The success of bitcoin spot ETFs combined with bitcoin’s price […]
Mexican Billionaire Salinas Says He Has 70% Bitcoin-Related Exposure
Mexican billionaire Ricardo Salinas reveals 70% of his investment portfolio is now allocated to bitcoin, up from just 10% in 2020. Ricardo Salinas, the billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that he has allocated 70% of his investment portfolio to bitcoin and bitcoin-related assets. […]
Controversial Australian Olympic Breakdancer Raygun’s Brother Charged for Crypto-Linked Fraud
Brendan Gunn is the director of an Australian firm that facilitates investment in crypto and other overseas investments. What to know: Brendan Gunn, the brother of Australian breakdancer Raygun, has been charged by the Australian securities regulator for running a crypto-linked fraud scheme. The Australian Securities and Investments Commission (ASIC) charge Gunn […]
Bitdeer Buys the Bitcoin Dip With BTC Price Set for Worst Month in 3 Years
Bitdeer currently holds 855 BTC, valued at approximately $69 million. What to know: Bitdeer Technologies (BTDR) said it bought 50 bitcoin (BTC), taking the opportunity to build its stash as the price of the largest cryptocurrency looked set for its worst month since June 2022. In a tweet, the bitcoin mining company said […]
Why Trump’s Potential Plan to Make Crypto Gains Tax-Free Could Be a Bad Idea
The elimination of capital gains taxes on crypto might not be the huge boon to American investors that it would appear to be. In January, following Donald Trump’s inauguration, reports emerged claiming that his son, Eric Trump, had confirmed that U.S.-based cryptocurrencies would eventually be exempt from capital gains tax, while non-U.S. […]
Utah One Vote Away, But Some States Fail to Break Through on Crypto Stakes
Five states’ crypto efforts faltered as Texas advances and Utah nears a final vote, leaving the state-level push for digital asset reserves with mixed results. What to know: This year’s rapid surge in U.S. states’ interest to put public money into cryptocurrencies before the federal government can establish a strategic […]
Bitcoin Likely to Head Even Lower, but Seeds of Next Bull Move Are Being Sown
The interest rate outlook has gotten appreciably softer over the past couple of weeks. Meanwhile, Bitcoin remains a topic of significant interest. What to know: “I wouldn’t even be in this situation if it wasn’t for you. You brought down so much f—ing heat on me.” — Robert De Niro as […]
What Happens To Bitcoin If Fort Knox is Audited?
Marty’s Bent There is a lot of hype on the Internet this week as Rand Paul and Elon Musk have reignited the topic of auditing Fort Knox to see if the gold we are led to believe is in the most famous vault in the world is actually there. 4,580 […]
FTT Briefly Spikes After Sam Bankman-Fried Tweets for First Time in 2 Years
Bankman-Fried is currently in the Metropolitan Detention Center, serving a 25-year prison sentence. What to know: The token associated with defunct crypto exchange FTX surged briefly Monday night after Sam Bankman-Fried, the founder and onetime CEO of the platform tweeted for the first time in two years. Bankman-Fried, who was convicted […]
