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Just like with other investments, you may be subject to taxes on cryptocurrencies like Bitcoin, Ethereum, and others. In 2014, the IRS issued a statement clarifying cryptocurrency isn’t considered an actual currency under tax law and is…
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Beethoven is the first next-generation AMM protocol running on the Fantom blockchain, which shows the potential of a true Ethereum killer. At the time of writing, the token was trading for $0.82 and had gained 3.58% in the last 24…
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One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin…
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i2c saw a 500% jump in crypto-linked card issuance and a 600% surge in transaction volume, McCarthy told CNBC’s “Squawk on the Street.” He says the average daily transaction volume stands at $60 million, with volatility not a major…
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Now that the U.S. government has recovered the majority of the Bitcoin stolen from Bitfinex in 2016, an increasing number of entities and individuals are coming out of the woodwork trying to lay claim to it. As reported by BeInCrypto on…
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The Russian government and the Bank of Russia look to have crypto regulated as currencies, local reports have suggested. Russia is set to formally recognise cryptocurrencies as currencies, news reports out of the country suggest.…
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DeFi protocols Bunny Finance and Qubit announced plans of “restructuring.” The joint statement revealed that the two projects, governed by the development team until recently, will now be managed by a decentralized…
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The European Commission (EC) has announced that a bill for a digital euro will be proposed in 2023. As first reported by Politico, EC finance chief Mairead McGuinness officially disclosed the European Union’s formal consideration of…
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University students in Russia minting digital currencies in their dormitories risk penalties and even criminal charges, according to a legal expert quoted by local media. The warning comes as Russian authorities are trying to curb…
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