How to determine crypto cost basis for accurate tax filings

Private payment services can gain a monopoly with no benefit to other market players or economic stability, ECB board member Fabio Panetta said. 124 Total views 3 Total shares The European Central Bank (ECB) is quite happy with the European Commission’s legislative proposals for the digital euro. ECB executive board member Fabio Panetta told the

Australia’s tax agency, the Australian Tax Office (ATO), is investigating 12 major international tax avoidance schemes, with a key focus on cryptocurrency-enabled activities. The news was reported by local broadsheet The Sydney Morning Herald on June 6.The ATO’s intensified cross-border investigations were reportedly revealed following a meeting of the J5 — also known as “The…

A new study has revealed that, while businesses are considering blockchain adoption, overall they do not feel ready to implement the technology. The survey was conducted by software development firm Globant and published on Feb. 19.The report says that 64 percent of organizations are intent on investing in blockchain solutions to improve their internal operations,…

In an email, Tether said it found Cake DeFi to be controlled by “another corporation that resides in Singapore,” and it won’t be allowed to redeem USDT. 521 Total views 4 Total shares Stablecoin issuer Tether has reportedly changed its terms of service (ToS) in Singapore. An email shared by the CEO of decentralized finance

"I am fascinated by blockchain app development and am beyond thrilled to enter the Web3 space," says Wyatt. 245 Total views 10 Total shares On Tuesday, Ryan Wyatt, head of gaming at YouTube, announced he would be leaving the video-sharing platform in February. Partly due to his leadership, YouTube Gaming sees over 250 million daily…

Some U.S. activists previously asked the DOJ to stop Meta from offering its digital currency wallet Novi on its platforms. 2079 Total views 28 Total shares Despite some senators in the United States opposing Meta launching its digital currency products, the development of the social media giant’s digital wallet, Novi, continues apace. Stephane Kasriel, head of…

Ethereum co-founder Vitalik Buterin said privacy should be a top priority for developers, warning that assumptions about transparency and good intentions in global politics are overly optimistic. In an April 14 blog post, Buterin argued that privacy is essential to maintain individual freedom and protect against the growing power of governments and corporations. He criticized

The Malaysian state of Penang is considering the use of blockchain technology in food and agricultural products supply chains, local English-language newspaper The Star reports on March 1.According to the country’s Deputy Minister of Agriculture and Agro-based Industries, Sim Tze Tzin, cited by the newspaper, the technology can be used for various applications in the…

The request for public comment are standard for ETFs under review and have an open period of 35 days. 155 Total views 1 Total shares The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids. The