A bipartisan bill introduced in the Senate is seeking to remove the burden of paying capital gains tax for cryptocurrency transactions worth $50 and below. No Taxation for Small Crypto Transactions T...
Tag: Transactions
New Bipartisan US Senate Bill Seeks To Exclude Small Crypto Transactions From Taxation
Republican Senator Pat Toomey of Pennsylvania and Democrat Senator Kyrsten Sinema of Arizona are proposing a new law that would exempt small personal crypto transactions from taxation. Under the curre...
Polygon Network Records $284M in Transactions in Q2
Polygon, a popular Ethereum layer-2 solution, has just shared its report for the second quarter (Q2) of 2022, revealing that the network attained a transaction peak of $284 million from April to June....
US: no taxes for crypto transactions under $50
Yesterday, CNBC reported on a proposed bill that would eliminate taxes on crypto transactions worth less than $50. . @SenToomey and @SenatorSinema are introducing a bill that would allow consumers to...
Redefining the Industry Standard for Financial Transactions – Press release Bitcoin News
press release PRESS RELEASE. XRPayNet has been making major progress in the DeFi space this year. Their recent launch of a versatile mobile application has allowed users to trade with freedom. The app...
5.34M Unique Addresses, 284M Transactions, Transaction Cost Falling 49% As Polygon Release Q2 Stats
– Advertisement – Polygon Has Released Q2 Stats For Its Network, And They Look Promising, With A 12% Increase In Unique Addresses. Polygon blockchain network has released its network sta...
US Senators Introduce Bipartisan Bill to Exempt Small Crypto Transactions From Taxes – Regulation Bitcoin News
A new bipartisan bill has been introduced in the Senate that would simplify the use of cryptocurrency for everyday purchases by creating tax exemption for personal crypto transactions under $50 as wel...
U.S. Senators Propose Tax Exemption on Small Crypto Transactions
Lawmakers from both the Democratic and Republican parties have today introduced a crypto tax bill to U.S. Senate that would exempt transactions under $50 or less. Senators Pat Toomey and Kyrsten Sinem...
South Korean Prosecutors Firing Up Against Illicit Bitcoin ‘Kimchi Premium’ Transactions
South Korean Prosecutors are suspicious of illegal foreign exchange trading Watchdogs are in strong doubt about money laundering and illegal forex trading FSS is going head-on against the two lenders...
Ethereum Network Sees Over 600,000 Unique ETH Addresses in Active Transactions
According to crypto analyst Ali Martinez, the number of unique ETH addresses that are active on the Ethereum network either as senders or receivers is increasing. He adds that on July 25, Ethereum rec...
Crypto Transactions Under $50 May Soon be Exempt From Capital Gains Tax
A new bipartisan bill will change how crypto transactions are taxed As the law currently stands, anyone that uses crypto for any transaction, regardless of amount, must report gains on the value of th...
US Senators propose bill to exempt crypto transactions under $50 from taxation
A bipartisan bill from Senators Patrick Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) proposes tax exemptions on crypto transactions up to $50. If passed, the Virtual Currency Fairness Act will unburde...
U.S. Senators Plan To Cut Expenses For Crypto Transactions
U.S.-based crypto think tank Coin Center celebrated the introduction of the Virtual Currency Tax Fairness Act of 2022 in the Senate which is aimed at improving the daily use of crypto assets. Filed by...
U.S. senators propose bill to make crypto transactions under $50 tax-free
As the United States continues to deliberate on the right cryptocurrency sector regulation framework, two senators are now seeking to exempt crypto investors from paying taxes on transactions below $5...
US Senators Push Bill to Make Small Crypto Transactions Tax-Free
“This would foster use of crypto for retail payments, subscription services, and micro transactions,” said Jerry Brito, executive director of Coin Center, a crypto policy think tank in Washington. “Mo...
Amid Halted Transactions, Zipmex Says It Is Mulling Over Possible Offers For Due Diligence – Coinpedia – Fintech & Cryptocurreny News Media
Zipmex, a Singapore-based Crypto exchange with operations in Thailand as well, is a digital asset exchange that recently encountered financial difficulties. On Thursday, the exchange halted all its w...
Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says – Regulation Bitcoin News
The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are...
Ethereum will reach 100,000 transactions per second
During his speech at the Ethereum Community Conference (EthCC) in Paris, Ethereum co-founder Vitalik Buterin said that by the end of its roadmap, the network will be able to handle up to one hundred t...
DOGE, MATIC and UNI on Solid Rise Fueled by Large Whale Transactions
Gamza Khanzadaev Dogecoin, Polygon and Uniswap rebounding with big whale transactions coming in In the last couple of days, the crypto market has changed its color scheme and turned mostly green again...
Doge Daily Transactions Surpass 80K, Also Dogecoin Large Whales Transactions Of $100k+ Spike Amid Price Rise
– Advertisement – Interest in the popular doggy token continues to rise. A tweet from Santiment Feed on Tuesday reveals that Dogecoin has seen a spike in large whale transactions as th...
Sleeping Giant Awakens, Bitcoin Sees Spike In Transactions Above $1M
Bitcoin has been slowing down on its bullish momentum over today’s trading session, but the crypto market continues to push to the upside. BTC’s price still records profits in the last 24 hours and 7 ...
NFT Service Provider PREMINT Attacked; Users Urged Not to Sign Any Transactions – crypto.news
This morning, hackers apparently broke into the website of NFT access list provider PREMINT. In a series of tweets posted on the platform’s official Twitter account, PREMINT cautioned users against cl...
Dogecoin Transactions Are Spiking as Crypto Market Recovers
Arman Shirinyan Memecoin is getting its share of attention from traders as Bitcoin and Ethereum start recovery run The creator of Dogecoin highlighted the massive spike in the number of transactions o...
DOGE Founder Excited As Number of Dogecoin’s Daily Transactions Surge to 14-Month Highs
– Advertisement – The world’s largest meme-based cryptocurrency, Dogecoin (DOGE), has recorded a surge in its number of on-chain transaction volumes per day. According to data on BitInfoC...
The regulatory implications of India’s crypto transactions tax
The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions. India’s first crypto law, ...
The Central Bank of Sri Lanka Warned Citizens Against Crypto Transactions
Bitcoin News Protesters broke into the property of Sri Lanka’s former prime minister earlier this week. Virtual currency use in the foreign and local markets are included in the notification. This wee...
Shiba Inu Transactions Now Possible on Over 5000 Coin Cloud ATMs
Altcoin News Users must first input their ATM card number and the verification code. The impact will likely reflect an increase in the coin’s price. Coin Cloud ATMs in the United States and Brazil, wh...
Shiba Inu Large Transactions Rise as Whales’ Balances Grow 20%
Tomiwabold Olajide Shiba Inu has reclaimed biggest token position among top 100 ETH whales Shiba Inu whales, or large holders, are on the move, according to IntoTheBlock data, as large transactions ha...
China Reports 264 Million Digital Yuan Transactions so Far This Year
China’s digital yuan transactions amounted to 83 billion yuan (about $12.33 billion) by the end of last month as the country forges ahead with plans for the adoption of a digital currency. The total n...
Opinion: We’re probably in the early stages of a new bull market. Nervous? Start with these 5 ‘moat’ stocks
The odds are good that June 16 marked the stock market’s low, and we are in the early stages of a new bull market. Inflation is rolling over. Supply chains are repairing. There is enough terror in the...