Reporting crypto in tax filing could be beneficial. Tax loss harvesting can offset losses. Crypto donations and IRAs are also beneficial. The crypto industry lost nearly $3.9 billion in 2022. Such ...
Category: Crypto
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SBF bail guarantor to go public, UK crypto framework and Celsius…
Top Stories This Week SBF’s $250M bail guarantors should be made public, rules judge The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could...
Bloomberg Unveils Crypto Outlook – Highlights Explosive Polygon (MATIC) Adoption, Forecasts Ethereum Will Outperform Bitcoin
Bloomberg Intelligence has released its official crypto outlook for the month of February, citing massive mainstream adoption of Polygon (MATIC) and forecasting the future of Ethereum’s performance re...
72% of Institutional Traders Surveyed ‘Have No Plans to Trade Crypto’ – Featured Bitcoin News
A new survey by JPMorgan Chase shows that 72% of institutional traders “have no plans to trade crypto” while 14% plan to trade cryptocurrencies within five years. Institutional traders also expect “re...
Is London the next home of crypto? – Cryptopolitan
The adoption of digital assets on a mainstream level has been attributed to a lot of infrastructure and settings. Some of these technologies include exposure and supporting systems that will help the ...
Despite Bear Market, 82% of Millionaires Sought Crypto Advice in 2022 (Survey)
A study conducted by the financial consultancy firm – deVere Group – estimated that 82% of clients with over $1.2 million worth of investable assets sought advice on cryptocurrencies in the past 12 mo...
The White House Is Concerned About Crypto
“I think that given the events of the last fall, we were very mindful of the need to implement a lot of the safeguards that were called for in the FSOC reports, things like segregating customer assets...
North Korean Hackers Linked To 45% of $3.8 Billion Crypto Theft in 2022
Advertisement     According to a Chainalysis report released earlier last week, over $3.8 billion was stolen from crypto in 2022 – and 45% of that loot was traced to N...
Tax strategies allow crypto investors to offset losses
2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022. Detrimental losses such as ...
Top Trader Alerted on Crypto Bulls And Bitcoin- Here is the Reason
The crypto market is off to a good start at the start of the year, with leading cryptocurrencies like Bitcoin and Ethereum. The first half of the crypto market ended with a green streak. The price of ...
Action Is Needed To Regulate Crypto Assets That Are Not Securities, Says CTFC’s New Chairman
The new Chairman of the Commodities Trading Futures Commission (CTFC) says that crypto assets that are not considered securities need comprehensive legislation. In a new government press release, Chai...
How High Is The Crypto Fear? New Survey Shows That 72% Of Institutional Traders Are Skeptical Of Digital Assets In 2023 ⋆ ZyCrypto
Advertisement     A new survey carried out by JPMorgan reveals that nearly three-quarters of institutional traders will not mingle with digital assets this year. Only...
Crypto Firms Make Job Cuts Amidst Ongoing Crypto Winter
This week, many cryptocurrency companies have eliminated jobs in response to the current crypto winter. However, these companies have chosen to keep “impactful” people on staff as they pre...
Payments Giant Visa Optimistic of Crypto Sector Despite Recent Downturn
36 mins ago | 2 mins read Bitcoin News Visa CEO Al Kelly stated that the company is still dedicated to cryptocurrency usage. The possibility of a shakeup in the executive team was also alluded to. At ...
Biggest Crypto Gainers Today February 5
Join Our Telegram channel to stay up to date on breaking news coverage The crypto market volume dropped by over 25% over the last 24 hours, while the dominance of Bitcoin shrunk by 0.13%. Amidst this,...
XRP Top Traded crypto Among BSC Whale Amid Dump
XRP News: The global digital asset market registered a marginal surge on Saturday as the biggest cryptos like Bitcoin (BTC) and Ethereum (ETH) price declined due to increased selling pressure. However...
Bittrex, Chainalysis & Protocol Labs Decides to Layoff Staff Amid Ongoing Crypto Winter
The news surrounding mass layoffs is very common to hear amid ongoing crypto winter. Now comes the turn of crypto exchange Biitrex, blockchain data firm Chainalysis and open-source software laboratory...
Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.” At least 216 jobs were slashed between three ...
FBI Seizes NFTs from Crypto Scammer
Alex Dovbnya This confiscation was the result of an investigation conducted by blockchain sleuth ZachXBT, who discovered that the NFTs were obtained through a phishing scam run by Cameron Redman The F...
Indonesia To Launch National Crypto Exchange in June 2023
Indonesia has finally set a date for its long-awaited national cryptocurrency exchange. Trade Minister Zulkifli Hasan announced that the exchange would launch in June later this year after it was init...
Oxford Student Goes to Prison for Stealing $2.6M Via a Crypto Scam
Wybo Wiersma – a 40-year-old Dutchman who studied at Oxford’s St Cross College – will serve a 54-month prison sentence for stealing £2,156,000 (more than $2.6 million) using a cryptocurrency scheme. U...
Luxury rehab centers popping up offering ‘crypto addiction’ treatment
With the rise of cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), more people are investing and trading in this market. However, with the high volatility of digital assets and the thrill of ...
FBI Seizes NFTs and Crypto Worth $250k From Scammer
The U.S.’ Federal Bureau of Investigation has issued an official notification today which involved the seizure of crypto, digital assets, and NFTs worth roughly $250,000 from at least two differ...
Promoter of Crypto Fraud Scheme Forced to Part with $17 Million
A federal judge in the region of San Diego, California has ordered the leader of a crypto fraud scheme to pay as much as $17 million in restitution fees to more than 800 traders and investors that all...
Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High – Markets and Prices Bitcoin News
The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past mo...
Binance Signs MoU With Georgia To Boost Crypto and Blockchain Adoption
12 mins ago | 2 mins read Exchange News Changpeng Zhao met with Prime Minister Irakli Garibashvili in November 2022. In January, the exchange signed an MoU with one of the country’s prominent Universi...
Baby Doge Coin Makes A Surprising 116% Leap
The cryptocurrency market is on its way to possibly rocky terrain this “love month,” but January will linger a happy memory for some investors, especially those who made substantial investments in pro...
Overstock-funded tZERO Crypto exchange will shut down March 6
The tZERO Crypto exchange, whose majority owner is Overstock, will shut down on March 6, the company announced via Twitter on Feb. 3. The company says that it will continue to focus on its regulated s...
CFTC head looks to new Congress for action on crypto regulation
Rostin Behnam, chairman of the United States Commodity Futures Trading Commission (CFTC), has said he will continue efforts for the agency to regulate non-security tokens. In remarks released for a Fe...
Australia Is One Step Closer to Regulating Crypto, Here’s Its Latest Engagement
Godfrey Benjamin Australian Treasury made call for public comment on its crypto regulatory approach The crypto regulation drive in Australia is taking on a new dimension as the Australian Treasury rel...
ZachXBT Research Helps FBI Seize $260K from Crypto Scammer
The U.S. Federal Bureau of Investigations (FBI) has seized cryptos and luxury goods worth $260,000 from NFT phishing scammer Chase Senecal, aka Horror (HZ), according to a Feb. 4 forfeiture document. ...
NFTs Pull In Close To $1 Billion In January Thanks To Crypto Resurgence
Join Our Telegram channel to stay up to date on breaking news coverage January was a good month for non-fungible tokens (NFTs), seeing the digital collectibles surge in trading volume as the broader c...