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Crypto News
US IRS Issues New Reporting Instructions for Digital Assets
The Internal Revenue Service (IRS) of the United States has amended its reporting requirements for digital assets and clarified the taxation of non-fungible tokens (NFTs) and stablecoins.
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SushiSwap evaluates a new DAO structure using non-transferable shares
SushiSwap is debating a new planned upgrade that intends to create a new Meiji DAO structure.
On Wednesday, the main contributor to Sushi floated a suggested update titled "Meiji…
Cyprus grants Binance its fourth European clearance
Cyprus is the fourth European nation to authorize registration for the Binance cryptocurrency exchange, the business stated Thursday.
The financial regulatory agency of Cyprus has…
Elon Musk’s Tesla Holds $218 Million in Bitcoin
Despite the bear market and Twitter war, Tesla continues to be one of the major corporate Bitcoin holdings.
According to data disclosed by the electric vehicle maker before its…
MicroStrategy’s Massive $3.4 Billion Bitcoin Bet May Threaten Its Financial Stability
Since MicroStrategy's move to Bitcoin, the business has amassed 130,000 Bitcoins, which are worth around $3.406 billion at current exchange rates.
Michael Saylor, a Bitcoin maximalist,…
Muhammad Ali placed a trademark for NFTs and metaverse on Web3
Muhammad Ali's name is now protected in the Web3 environment as a trademark, extending to non-fungible tokens (NFTs) and virtual commodities in the metaverse.
According to a tweet posted…
JPMorgan employs a former Celsius executive as the head of its crypto regulatory policy
Former Celsius Network CEO Aaron Iovine has hired JPMorgan Chase (NYSE: JPM) as executive director of digital assets regulatory policy, according to his LinkedIn page.
This comes only…
Japan will “revive” the crypto business by allowing exchanges to offer currencies…
Japan intends to further reform cryptocurrency rules by making it easier to list digital assets, which might increase the country's attraction to Binance and other big cryptocurrency…
Tether leads stablecoin trading volumes on controlled exchanges despite a fall in market…
Stablecoins have not been immune to the recent cryptocurrency market crisis, but its primary assets are still thriving, with Tether (USDT) not only ranking third among all cryptocurrencies…
The UK Law Commission will evaluate international crypto legislation in order to propose legal…
In the second half of 2023, the legal review authority will assemble law change suggestions for public input.
Through a government-funded initiative, the Law Commission of England and…