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 […]
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 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. […]
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 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 […]
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. […]
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 […]
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 […]
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 […]
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 […]