First US exchange traded fund linked to cryptocurrency garners strong demand following debut
“This is because if the bill passes, exchanges will have to issue 1099-B tax forms with cost basis information to investors,” Shehan Chandrasekera, CPA, head of tax strategy at CoinTracker.io, a crypto tax software company, recently told NextAdvisor. “This will significantly reduce the crypto tax filing burden.”
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It might be time to remind the millennials that all that glitters is not gold. At least some cryptocurrencies — the new-age investment asset class — are on the verge of extinction. After all, not all tokens are created equal.
Bitcoin notches new all-time high after inflation data shows prices are surging at the fastest rate in 30 years
According to reports on Tuesday 26 October, US regulators are looking for new ways and strategies for banks to hold crypto assets and address their current rise.
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— “Carried out by a network of government offices, Washington lobbyists, Hungarian diaspora groups, educational institutions and government-funded foundations, the effort’s main impact has been to bolster Mr. Orban’s image as a conservative leader on the world stage — and to counter his reputation as an authoritarian nationalist who is cozying up to Russia and China.”
A digital wallet is a gadget or piece of software that securely stores users’ payment information and passwords for numerous payment methods.
Polygon is an Ethereum token that powers the Polygon Network, which aims to provide faster transactions on the Ethereum blockchain.
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Binance US names Ant exec Shroder president 10 September 2021 The US arm of Binance has appointed former Ant Group and Uber executive Brian Shroder president, replacing Brian Brooks who quit suddenly in August after just four months in the job.
US stocks slide as inflation data shows prices continue to rise at the fastest rate in decades
Decentralization is a primary tenet of cryptocurrency. Whereas most currencies are backed by a central bank — the U.S. dollar, for example, is backed by the “full faith and credit” of the U.S. government — cryptocurrencies are maintained and valued by their users.
In addition, the hashtag #SAFEMOONWALLET trended on Twitter for days leading up to the intended release. It also made an appearance on a billboard at London’s Piccadilly Circus.
Tim Cook Owns Cryptocurrency, But Says Apple Has No Immediate Plans of Crypto Integration
WASHINGTON (AP) — The Biden administration is calling on Congress to pass legislation that would strengthen government regulation of stablecoins, a form of cryptocurrency that has soared in popularity in the past year.
NextAdvisor Investing Cryptocurrency Binance.US Review 2021: Low Fees, But Investors Should Take a Pass Advertiser Disclosure Binance.US Review 2021: Low Fees, But Investors Should Take a Pass