IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns
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IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns

Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service (IRS) issued a memorandum in October, addressing the tax obligations of digital asset rewards in accounts […] Source: https://news.bitcoin.com/irs-frozen-crypto-rewards-taxable-despite-account-lockdowns/

Unprecedented Bitcoin Rally Looms With Crypto Market Poised for Record Highs
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Unprecedented Bitcoin Rally Looms With Crypto Market Poised for Record Highs

Bitcoin could skyrocket to record highs if Trump wins the election, driven by pro-crypto policies, deregulation, and surging investor demand, predicts Devere Group’s CEO. A Historic Bitcoin Rise in Sight Nigel Green, CEO of financial advisory giant Devere Group, believes bitcoin could hit unprecedented highs if former U.S. President Donald Trump wins the upcoming U.S. […] Source: https://news.bitcoin.com/unprecedented-bitcoin-rally-looms-with-crypto-market-poised-for-record-highs/

Urgent Plea to Trump and Harris: Create Welcoming Crypto Policy to Keep US on Top
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Urgent Plea to Trump and Harris: Create Welcoming Crypto Policy to Keep US on Top

The CEO of Paxos has issued an urgent letter to both Trump and Harris, urging them to pursue immediate crypto reforms to preserve U.S. financial leadership. Urgent Crypto Reform Needed: Trump and Harris Face a High-Stakes Decision The CEO of blockchain infrastructure firm Paxos, Charles Cascarilla, issued an open letter to Vice President Kamala Harris […] Source: https://news.bitcoin.com/urgent-plea-to-trump-and-harris-create-welcoming-crypto-policy-to-keep-us-on-top/

Republican Sweep? What Prediction Markets Are Forecasting for Election Day
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Republican Sweep? What Prediction Markets Are Forecasting for Election Day

With just four days left until the U.S. 2024 election, the latest prediction market data paints a shifting landscape: former President Donald Trump’s odds have taken a downturn, while Vice President Kamala Harris is enjoying an upswing in her chances. Trump’s Odds Slip, Harris Gains — What 2 Major Prediction Markets Are Telling Us As […] Source: https://news.bitcoin.com/republican-sweep-what-prediction-markets-are-forecasting-for-election-day/

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Judge pushes Tornado Cash co-founder trial to April 2025

Roman Storm, currently free on bail and facing three federal charges, will have another four months to prepare for his criminal trial. Source: https://cointelegraph.com/news/tornado-cash-roman-storm-trial-pushed-april-judge?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Inside Cleanspark’s Move to Boost Efficiency With 3,800 Immersion-Cooled Canaan Bitcoin Miners
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Inside Cleanspark’s Move to Boost Efficiency With 3,800 Immersion-Cooled Canaan Bitcoin Miners

Canaan Inc. announced a new agreement to deliver 3,800 Avalon A1566I miners to Cleanspark Inc., a publicly listed bitcoin mining and energy technology firm. A New Deal Between Canaan and Cleanspark According to the announcement, the bitcoin miners, set to run at 249 terahash per second (TH/s) without overclocking, are configured for immersion cooling—a technique […] Source: https://news.bitcoin.com/inside-cleansparks-move-to-boost-efficiency-with-3800-immersion-cooled-canaan-bitcoin-miners/

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Crypto Biz: Crypto industry faces fresh round of layoffs

This week’s Crypto Biz explores Coinbase’s earnings, Reddit’s sale of crypto holdings and Circle’s new fee structure for institutional investors and high-volume traders. Source: https://cointelegraph.com/news/crypto-biz-crypto-industry-faces-fresh-round-layoffs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound