IRS Updates Tax Requirements for Cryptocurrency Owners

The U.S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the IRS’ crypto question and when it is appropriate to select “no” as the answer. IRS Publishes New Crypto Tax Filing Instructions The IRS published updated […]

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Bitcoin near $38,000, XRP Jumps More Than 30%

Bitcoin price gained nearly 10% in less than 24 hours to register a record high of $37,700 on Thursday as the overall market cap of cryptocurrencies jumped above $1 trillion. The world’s second-largest cryptocurrency Ethereum also registered its highest level since January 2018 and crossed $1,200. XRP regaining the title […]

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ETH en route to overtake its 2018 ATH as Bitcoin breaks $37K

Bullish fervor surrounding Ethereum (ETH) intensified on Wednesday, as the second-largest cryptocurrency broke above $1,200 for the first time in three years. The gains were largely driven by a confluence of fundamental factors, including Bitcoin’s parabolic rally, the anticipation of ETH futures contracts and a surging DeFi sector.  ETH price […]

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