BlackRock’s Bitcoin ETF daily inflow hits $0 for the first time

Binance enters the crypto debit card sector with news of an official Binance Card on March 26. Issued by Visa, the card will initially be available in South East Asia, though other regions will be unlocked soon, the company states.Like most other crypto cards, the Binance Card allows its users to spend their cryptocurrencies by…

The restructuring comes as the parent company of Facebook nears the end of its “year of efficiency.” 281 Total views 1 Total shares Social media giant Meta has reportedly disbanded its division responsible for regulating its artificial intelligence (AI) ventures as they are developed and deployed.According to a report, many team members of Meta’s responsible

While Bitcoin stays under its $12,000 ceiling, you can take your pick of future price predictions. The Winklevoss Brothers say that the coin will reach $500,000 and maybe even $600,000 if governments start to include it in their currency reserves. The twins didn’t put a date on that prediction but Ecoinometrics, a data analysis firm,…

Hardware wallet manufacturer Ledger has announced the latest version of its Ledger Live application, adding support for Tezos (XTZ) and Tezos staking.Unveiled last year, Ledger Live is a software solution that allows Ledger hardware wallet users the ability to manage their digital assets via a smartphone or computer. Ledger Live lets users check their cryptocurrency…

Florida’s Cogent Bank is proposing a $100 million participation in loans to MakerDAO’s RWA Master Participation Trust. 221 Total views 4 Total shares Own this piece of history Collect this article as an NFTCrypto lending platform MakerDAO is voting on a new proposal to bring another commercial bank into its ecosystem, strengthening the connection between decentralized…

The Crypto-Asset Reporting Framework is the new international standard for the automatic exchange of information between tax authorities. 470 Total views 24 Total shares Just under 50 national governments have issued a joint pledge to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the new international standard on automatic exchange of information between tax authorities, into

An advisory committee of the U.S. Internal Revenue Service (IRS) wants the agency to provide additional guidelines for the taxation of crypto transactions, according to a 2018 general report published Oct. 24.Although in 2014 the IRS had already issued commentary specifically on digital currencies,  recommending they be treated as a property, the Information Reporting Program…

Purchasing crypto with fiat or any “unrealized appreciation” are not taxable events according to Thomas Shea, an EY crypto tax executive. 249 Total views 26 Total shares While many refer to crypto as the “Wild West,” some believe that this may only continue for a little longer.Thomas Shea, crypto tax leader at EY Financial Services,…

When someone wants to buy Bitcoin (BTC), they usually take the route of a cryptocurrency exchange. Newbies may buy BTC on just any exchange they come across, while those with some sort of experience may opt for a reputable one. The exercise though bears little fruit as most exchanges function almost identically as centralized entities,…