P2E gamers, minors not any safer from the tax man, says Koinly
Earning an income from play-to-earns is “complicated” without tax guidance, advises Australian crypto tax specialists. Go to Source Powered by WPeMatico
Month: September 2022
The market isn’t surging anytime soon — so get used to dark times
Global economic conditions suggest that markets — including the cryptocurrency market — have further downside ahead. Don’t bank on a surge to new all-time highs in the months ahead. Go to Source Powered by WPeMatico
Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD
The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October … Read more
CFTC commissioner visits Ripple offices as decision in SEC case looms
The outcome of the SEC v. Ripple lawsuit could influence whether the CFTC or SEC will play a greater role in handling the XRP token as a commodity or security. Go to Source Powered by WPeMatico
Bank of America Market Strategist Says ‘Summer Rally Is Over’ as Crypto and Stocks Slide Ahead of Fed Rate Hike This Week
Digital currency markets, precious metals, and stocks dropped another leg down on Monday following the drop markets saw last Tuesday. Last week’s fall was one of the worst weeks in more than three months as market strategists believe a sizable Fed rate hike is coming this week. Bank of America’s analysts led by Savita Subramanian … Read more
Long the Bitcoin bottom, or watch and wait? Bitcoin traders plan their next move
Bitcoin price dropped to $18,270, but derivatives traders didn’t flinch. Here is why. Go to Source Powered by WPeMatico
White House’s first crypto framework and missed opportunities — Law Decoded, Sept. 12-19
The industry didn’t take the document well, as the policymakers’ focus on security and enforcement is all too visible. Go to Source Powered by WPeMatico
The crypto industry can trust Cynthia Lummis to get regulation right
The senator has a proven track record when it comes to cryptocurrency and issues such as privacy rights. Her proposal to regulate the industry is one that crypto enthusiasts can get behind. Go to Source Powered by WPeMatico
US Treasury plans to ask public if crypto-related regulations are ‘no longer fit for purpose’
The public has until Nov. 3 to submit comments on Treasury addressing ransomware attacks, illicit finance risks of cryptocurrency mixers and DeFi, and coordinating AML/CFT policy. Go to Source Powered by WPeMatico
Price analysis 9/19: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
Uncertainty over the Federal Reserve’s upcoming rate hike is keeping Bitcoin and altcoins under pressure. This could change if the expected 0.75% bps hike is selected. Go to Source Powered by WPeMatico