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“People still think that cryptocurrencies are invisible to regulators,” Chandrasekera told CNBC Make It. “The truth is, there are many ways for the IRS to know that you have had any interaction with cryptocurrencies.”In fact, not reporting income, gains, and losses from cryptocurrency trading on your taxes can have severe consequences. This can include audits, fines, interest on unpaid taxes, and even possible criminal charges.Please remember. The IRS expects you to report all taxable cryptocurrency transactions throughout the year on your tax return, regardless of the amount of profit.If you use a centralized exchange like Coinbase and make more than…

binance coin Bitcoin ETFs have made significant progress following the recent SEC decision and are nearing all-time highs. At the same time, savvy Monero and Hedera investors are rushing to participate in pre-sales of emerging crypto projects. ink solid. Let's take a closer look at these developments. BNB soars towards record high Binance Coin has been on a meteoric rise, with many experts predicting that Binance Coin is on the verge of reaching an all-time high. Having recently experienced an astonishing 7% price increase, BNB is approaching the coveted $610 level, currently trading at $529. This bullish trend is supported…

BlackRock, the world's largest asset management company, has increased the amount of Bitcoin on its balance sheet. According to its website, BlackRock has increased the amount of Bitcoin (BTC) in iShares Bitcoin Trust (IBIT) to 242,829. The fund's Spot Bitcoin ETF has assets under management of $15.5 billion at current exchange rates. Source: iShares FOX journalist Eleanor Terret also reported that BlackRock's head of digital assets, Robert Mitchnick, indicated that the company's customers' top priority is Bitcoin, followed by Ethereum. 🚨New: @blackrockRobert Mitchnick, Head of Digital Assets, talks about how asset managers are thinking about other assets. #cipher product: “For…

According to crypto analyst Ali, approximately 420,000 Ethereum ETHUSD Transferred to various crypto exchanges in the last 3 weeks. This steady movement of ETH worth around $1.47 billion has caught the attention of both investors and analysts.It is worth noting that such a large amount of Ethereum flowing into an exchange could suggest different strategies by holders. Large transfers to exchanges usually signal that investors are preparing to sell, which can lead to a fall in prices.Approximately $420,000 ETH has been transferred to #crypto exchanges in the past three weeks, with a value of approximately $1.47 billion. pic.twitter.com/mBoiMZJFJT — Ali…

Reporting live from the Bitcoin (BTC-USD) Investor Day event in New York City, Yahoo Finance's Brad Smith joins Hunter Horsley, co-founder and CEO of Bitwise Asset Management, to discuss traditional He talked about the activities of Bitcoin ETFs as investors become more encouraged to invest in Bitcoin ETFs. Bitwise operates its own Spot His Bitcoin ETF (BITB) and several cryptocurrency industry ETFs (BITC, BITQ, BITW, BTOP).“Bitwise Bitcoin ETF grew to over $2 billion in assets in two months. It was one of the fastest 25 ETFs to reach $1 billion.” [dollars] “In the ETF's 30-year history, this represents a whole…

Last update: March 22, 2024 12:09 EDT | 3 minute read Binance Coin (BNB) is plummeting following recent decline SEC Decision Regarding Bitcoin ETFs, soaring toward all-time highs. Meanwhile, smart investors in Monero (XMR) and Hedera (HBAR) emerging cryptocurrencies Ink Beta (QUBE). Let's take a closer look at these developments.BNB Preparing for Takeoff: Chasing All-Time HighsBinance Coin has experienced a meteoric rise and many experts predict that Binance Coin is about to reach a new all-time high (ATH). With a recent price increase of an impressive 7%, BNB moved closer to the coveted $610 level, but is now trading at…

TLDR Following recent developments, analysts believe that Monero (XMR) $170.11 By the end of April THORChain (RUNE) could rise $13.33 By the end of April, amidst a bullish wave in the crypto market. satoshi the rebel second token, $RECQpromises to impress 525% return For early presale investors. In the current market uptrend, top altcoins Monero’s XMR and THORChain’s RUNE, etc., show different trends. While Monero has been struggling lately, THORChain is trending upwards. meanwhile, satoshi the rebel's utility token, $RECQ, emerged as a leading choice for crypto investors during the pre-sale.Expert on her XMR, RUNE, and $RECQ. Monero Price Prediction:…

One of my key questions regarding the next era of cryptocurrencies and blockchain is: As regulations tighten, how will all that capital be allocated to digital assets and cryptocurrencies?More than 90% of the world's financial and business assets are considered “domestic.” That is, they are owned and controlled by organizations and individuals located in the countries where they are bought and sold.Currently, most crypto assets are bought and sold offshore (we estimate around 80% based on CoinGecko data). However, as more regulated opportunities open up, new capital will flow into these digital asset environments. However, I do not believe that…

A stage hypnotist has been sentenced to eight months in prison for stealing a woman's identity and illegally downloading and selling the hacked nudes of two other women on social media.British comedian Robert Temple, known for his hypnosis shows, was found guilty in a British court of three counts of fraud, two counts of hacking and one count of concealing criminal property. He admitted on Monday that he hacked the Snapchat accounts of two women and downloaded their nude and topless photos, which he sold for virtual currency. Police Detective Jonathan Naylor said: “This man is active in online forums…

Ethereum has recently been surrounded by fear, uncertainty, and suspicion (FUD) following the launch of an investigation into the ETH Foundation by the US government. Despite a tough week that saw Ethereum's price drop to $3,000, the second-largest cryptocurrency by market capitalization has shown strong signs of strength despite bearish sentiment and the regulatory scrutiny it faces. I'm showing it. This is due to several bullish on-chain indicators supporting demand for ETH price. Ethereum flashes bullish on-chain data Although the price of Bitcoin (BTC) has fallen to $60,000, it is the Ethereum indicator that has captured the attention of many…