Tax law researchers propose IRS framework for deducting crypto losses
A recently published study appears to advocate for the isolation of crypto assets from other tax deductions, where losses are concerned. Go to Source Powered by WPeMatico
Cryptocurrencies
Auto Added by WPeMatico
Binance to re-enter Japan via acquired regulated exchange SEBC
Although no official date is mentioned for the launch of Binance Japan, the notice stated that the exchange could start after June. Go to Source Powered by WPeMatico
Hong Kong regulator requires banks to open accounts for crypto firms
Hong Kong’s central bank has urged banks to provide services to crypto firms even before they receive the license. Go to Source Powered by WPeMatico
46% of millennials across major economies own crypto: Bitget research
The study featured over 255,000 respondents across 26 countries in four age groups. Go to Source Powered by WPeMatico
Robinhood launches fiat-to-crypto on-ramp for self-custody wallets and DApps
Robinhood Markets announced the launch of its new ‘Robinhood Connect’ service and numerous updates to its app. Go to Source Powered by WPeMatico
US House committees hear similar testimonies in simultaneous hearings on digital assets
A range of speakers addressed issues of agency turf wars and regulator fitness in hearings on regulatory gaps. Go to Source Powered by WPeMatico
Belgian crypto platform Bit4You suspends operations after CoinLoan halts activity
Bit4You suspended operations on April 26 amid CoinLoan insolvency investigation by Estonian regulators. Go to Source Powered by WPeMatico
Decentralized file storage pricing differentials persist despite market growth: Report
Depending on the metrics, the cost of decentralized file storage can be very low or significantly higher than Web2 counterparts. Go to Source Powered by WPeMatico
Banks bullish on crypto: Standard Chartered’s Zodia raises $36M
After leading Zodia’s series A funding round, the Japanese financial conglomerate SBI Holdings became its second-largest shareholder. Go to Source Powered by WPeMatico
Binance Reportedly Removes Restrictions on Russian Users
The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa … Read more