IRS Demands a Slice of Staking Rewards Under New Tax Reform.
IRS Demands a Slice of Staking Rewards Under New Tax Reform DEFI NEWSEarnings in cash, kind, or via stakes are all included in the definition of “gross income.”Internal Revenue Service…
Bald (BALD) Memecoin Drops 90% Post 40,000% Rapid Surge.
The memecoin was launched on Coinbase’s base, the Ethereum layer-2 network.A few investors made 100,000% on very modest investments. In the evolving world of the crypto market, one memecoin has…
Altcoins Under 1$ To Buy Now – Hedera, Algorand and Pomerdoge
Investors are constantly seeking opportunities to diversify their portfolios with cheap but promising altcoins with significant growth potential. In pursuit of this, the top altcoins to invest in now below…
Binance Receives First MVP License by Dubai’s Regulator VARA
Binance FZE will now be able to offer services to eligible institutional and retail investors. MVP comes before a product is considered an FMP (full-market product). Virtual Assets Regulatory Authority…
As Litecoin Halving Nears, LTC Holders Increase Exponentially.
Litecoin (LTC) halving is expected to bring a scarcity in LTC supply. The trading volume kept increasing irrespective of the LTC drop.Litecoin Halving, the recent talk of the town is…
U.S SEC Warns Crypto Accounting Firms for Misleading Auditing Claims
The PCAOB issued a warning that these reports are not audits. Paul Munter is SEC’s principal advisor on accounting and auditing concerns.Companies in the crypto sector have come under increased…
Blockchain Technology to Further Boost Cross-border Payments
Around 300 financial experts were polled across 45 nations by Ripple and FPC.Blockchain tech may save about $10B in cross-border payment expenses.In research released on July 29 by Ripple, a…
SEC and Binance Oppose Eeon’s Intervention in Legal Proceedings.
The SEC asserts that Eeon has represented itself unsuccessfully in the past.Eeon wanted to intervene in the SEC’s complaint against Binance on behalf of clients.The U.S. SEC and Binance both…
Worldcoin Reveals Audit Results Amid Data Gathering Criticism.
Nethermind and Least Authority, two security consulting organizations, undertook the audit.Three problems were found by Least Authority, and six remedies were proposed.As criticism of Worldcoin’s data-gathering tactics grows, the company…
Heartland Tri-State Bank Collapses; Dream First Bank To Take Over
Customers of the collapsed bank will be transferred to Dream First Bank.The Kansas Office of the State Bank Commissioner closed Heartland Tri-State Bank.The Kansas Office of the State Bank Commissioner…