IRS team reports rise in crypto tax investigations
According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions. Go to Source
Cryptocurrencies
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Coinbase initiative announces crypto-themed US presidential forum
Presidential candidates Asa Hutchinson, Vivek Ramaswamy and Dean Phillips will discuss blockchain and crypto ahead of the New Hampshire Primary. Go to Source
ParaSpace to continue NFT lending as it rebrands to Parallel Finance
The protocol will expand to liquid staking and layer-2 solutions while retaining its NFT lending services. Go to Source
El Salvador’s Bitcoin portfolio swings to profit
The country’s Bitcoin investment has returned to profit after a devastating crypto winter. Go to Source
ByBit sees BTC, ETH ‘flight’ of institutional investors to stablecoins – but not for long
Cryptocurrency exchange ByBit has released its latest quarterly report revealing trading and holding trends of its institutional traders heavy in Bitcoin positive sentiment. Go to Source
Brazil’s largest bank Itau Unibanco launches Bitcoin trading — Report
Brazilian bank Itau Unibanco has reportedly launched a cryptocurrency trading service for its clients as part of its investment platform. Go to Source
Trezor launches education initiative in Africa, funds Bitcoineta trip
Trezor has officially launched its educational program in Africa in addition to funding the local Bitcoin awareness campaign, Bitcoineta, and the Africa Bitcoin Conference. Go to Source
South Korean financial authorities solicit reports on unlicensed crypto exchanges
Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges operating in the country. Go to Source
Bitcoin market cap overtakes Berkshire Hathaway, soars past $800B
Bitcoin is now the 10th biggest asset by market cap, following Meta Platforms (formerly Facebook) and Nvidia. Go to Source
FTX and Alameda transfers another $22M worth of crypto asset
Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million. Go to Source