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Israeli Court Rules Bitcoin Is an Asset


An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor...

IRS Plans to Issue Guidance on Virtual Currency Taxation


Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official...

Internal Revenue Service is All Set to Release Crypto Tax Guidelines


The Internal Revenue Service recently announced that it would be fixing the new guidelines for tax on crypto. Because the IRS identifies crypto as property and not currency, it is because it is taxable to purchase and sell crypto. Consequently, tax rules which apply for property transactions, such...

Ethereum Classic and Its Projects Linked to Interoperability


Ethereum Classic (ETC) made a real difference and improved its blockchain to the high standard. The ETC Labs had meanwhile been an important factor in Classic’s development into a powerful asset. The Ethereum classic is a blockchain platform for the next generation for new internet...

Ethereum Trading Volume Reaches $900 Million


The current bull run on the crypto market is reflecting on many major cryptocurrencies, and Ethereum is no exception. Trading of Ethereum witnessed a record high of $900 million. For the past four months, ETH has steadily increased, doubling from a low of just over $ 100 in February to its current...

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