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IRS Unveils Overhauled Crypto Tax Form With No Address Disclosure Requirements
10.8.2024
The U.S. Internal Revenue Service (IRS) has unveiled an updated Form 1099-DA for reporting digital asset transactions, introducing key changes that may address past criticism and privacy issues. This new version, reportedly set to be partially implemented in 2025, removes several contentious...
SEC and Ideanomics settle in fraudulent $40M crypto revenue reporting
10.8.2024
The Ideanomics case exemplifies the potential consequences of misleading financial practices and reinforces the need for rigorous compliance with federal securities laws
IRS updates draft of crypto reporting form for US taxpayers
9.8.2024
The latest draft form eliminated asking US taxpayers the time of day a crypto transaction occurred and identifying the “broker type.”
Judge grants ex-FTX exec’s request to postpone reporting to prison
31.7.2024
Ryan Salame will have an additional 45 days of freedom after his lawyers said there were medical complications due to a dog bite
Ex-FTX exec asks for delay reporting to prison after dog attack
27.7.2024
Ryan Salame was scheduled to report to prison on Aug. 29 after being sentenced to 90 months for charges related to the misuse of FTX user funds
Ex-FTX exec asks for delay reporting to prison after dog attack
27.7.2024
Ryan Salame was scheduled to report to prison on Aug. 29 after being sentenced to 90 months for charges related to the misuse of FTX user funds
Ex-FTX exec asks for delay reporting to prison after dog attack
27.7.2024
Ryan Salame was scheduled to report to prison on Aug. 29 after being sentenced to 90 months for charges related to the misuse of FTX user funds
KPMG to help US crypto firms uphold reporting standards
19.7.2024
KPMG formed a strategic alliance with Cryptio to help crypto firms in the United States adhere to GAAP compliance, enhancing accounting and reporting practices
Escape From Tarkov Puts Bounties On Cheaters, Rewards Players For Reporting Them
5.7.2024
What better way to incentivize players to help keep the community clean than by offering up a reward? Plenty of online video games have a cheater problem, but sometimes developers need players’ help to track them down. That’s what Escape From Tarkov developer Battlestate Games is doing, offering...
South Korean government to launch crypto transaction monitoring system
4.7.2024
Crypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspicious transactions
Cardano leads in sustainability reporting ahead of MiCA regulations
2.7.2024
The Cardano Foundation has released sustainability indicators for its network. This is well ahead of the European Union’s Markets in Crypto-Assets (MiCA) regulations, which are set to take full effect in December 2024. Cardano’s sustainability report was developed in partnership with...
Cardano Leads in Sustainability Reporting – ADA Price Prediction
2.7.2024
The Cardano Foundation has released sustainability indicators for its network. This is well ahead of the European Union’s Markets in Crypto-Assets (MiCA) regulations, which are set to take full effect in December 2024. Cardano’s sustainability report was developed in partnership with...
Treasury and IRS Announce Digital Asset Tax Reporting Regulations
30.6.2024
The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate...
B2Trader v1.1 Update is Live – BBP Prime, Custom Reporting, New iOS App and More
26.6.2024
PRESS RELEASE. B2Broker, an industry pioneer in technology and liquidity and the company behind B2Trader Brokerage Platform, a crypto spot brokerage solution, has announced a new update to its BBP solution. The new B2Trader v1.1 introduces BBP Prime and expands on its report feature with flexible...
Digital Chamber raises privacy concerns over IRS crypto tax draft
22.6.2024
The Chamber proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate, such as NFTs taxed as collectibles, to prevent errors and ensure accurate reporting
Crypto Custody Firm Fireblocks Adds ‘One-Click’ Audits, Tax Reporting
20.6.2024
Software from Web3 accounting company Tres works with a wide range of digital asset networks, and can be integrated with accounting software such as QuickBooks, Xero and NetSuite
FBI Warns of Crypto Scams in Fake Work-From-Home Jobs
6.6.2024
The U.S. Federal Bureau of Investigation (FBI) issued an alert on June 4, highlighting a surge in cryptocurrency-related fraud involving bogus work-from-home opportunities. Scammers impersonate legitimate businesses and lure individuals with seemingly simple tasks like clicking buttons or rating...
Fed Survey Finds 7% of US Adults Using Crypto, Down from Previous Years
23.5.2024
The number of United States adults reporting cryptocurrency ownership or usage has seen a significant decline, according to the latest annual household survey conducted by the Federal Reserve.
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LayerZero identifies over 800k addresses in sybil self-reporting phase
18.5.2024
Initially, the team identified over 2 million addresses as potential Sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification
Changpeng Zhao teases writing project ahead of reporting to prison
18.5.2024
On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing