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New tax takes effectgetty Following the Internal Revenue Service's (IRS) new virtual currency tax reporting requirements that went into effect on New Year's Day, there is a lot of confusion surrounding the $10,000 virtual currency payment reporting requirement for individuals and businesses (Form 8300, or IRC 6050l). This article aims to provide clarity on this issue, as it affects anyone who receives funds from US-based DAOs, startups, customers, or any company that pays in cryptocurrencies. The bill was passed in 2021, but was later amended to make the tax period effective after December 31, 2023. The study was conducted with…

The market will be keeping an eye on the Eurozone inflation statistics, which will be released by Eurostat at 11am CET on Friday 5 January. Investors are looking for confirmation of the slowdown in consumer prices last year.The euro zone's annual inflation rate will be 2.4% in November 2023, down from 2.9% in October. A year ago, it was 11.1%. The largest contributor to euro area inflation in November was services (+1.69 percentage points, pp), followed by food, alcohol and tobacco (+1.37 points), non-energy manufactured goods (+0.75 points) and energy (-1.41 points). points). ). Stagnation is a bigger risk than…

Cryptocurrency exchange Binance will delist three privacy tokens, including Zcash (ZEC), Monero (XMR), and Horizen (ZEN), due to the risk of failing to meet listing standards, according to a statement on January 4. announced that it is possible.As such, the exchange has placed “surveillance tags” on these privacy tokens and other digital assets such as Aragon, Firo, Keep3rV1, MobileCoin, Reef, and Vai.Binance's decision, along with a broader market drawdown, could have a major impact on these digital assets, as the privacy sector is down more than 6% in the past 24 hours and nearly 10% in the past week, according…

cryptocurrency exchange Binance Added “monitoring tag” to the list of virtual currencies including privacy coins Monero (XMR), Zcash (ZEC), Horizen (ZEN) and FIRO. In a statement, Binance said tokens with surveillance tags “exhibit significantly higher volatility and risk compared to other listed tokens” and “no longer meet our listing criteria” and are at risk of being delisted from the exchange. said. It added that tokens with surveillance tags will be subject to regular reviews. Criteria considered during the review include trading volume and liquidity, network stability and security, “contribution to a healthy and sustainable crypto ecosystem” and “response to regular…

Today, Binance revealed plans to expand the scope of its monitoring tag to include 10 additional tokens starting January 4th. Specifically, Monero (XMR) and Zcash (ZEC) are now included in this extension. According to the press release, the new tokens included in the monitoring tag list include Keep3rV1 (KP3R), Reef (REEF), Aragon (ANT), Firo (FIRO), MobileCoin (MOB), Mdex (MDX), Vai ( VAI). , Horizen (ZEN). At the same time, Binance will remove seed tags from GMX (GMX) and SushiSwap (SUSHI). The move is an attempt by Binance to strengthen risk management after it admitted to a series of crimes in…

Binance has placed “surveillance tags” on a number of coins and tokens, including several major privacy coins, warning that these assets may no longer meet the exchange’s listing standards.Announced by the world's largest exchange. statement On Thursday, it announced the expansion of surveillance tags to ANT, FIRO, KP3R, MDX, MOB, REEF, VAI, XMR, ZEC, and ZEN.“Tokens with monitoring tags exhibit significantly higher volatility and risk compared to other publicly traded tokens,” Binance said. “These tokens are regularly reviewed and closely monitored. We note that tokens with a monitoring tag no longer meet our listing criteria and are at risk of…

New tax takes effectgetty Following the Internal Revenue Service's (IRS) new virtual currency tax reporting requirements that went into effect on New Year's Day, there is a lot of confusion surrounding the $10,000 virtual currency payment reporting requirement for individuals and businesses (Form 8300, or IRC 6050l). This article aims to provide clarity on this issue, as it affects anyone who receives funds from US-based DAOs, startups, customers, or any company that pays in cryptocurrencies. The bill was passed in 2021, but was later amended to make the tax period effective after December 31, 2023. This research was conducted with…

TP ICAP, an intermediary that connects buyers and sellers in wholesale financial, energy and commodity markets, expects the wholesale cryptocurrency market to be increasingly served by traditional brands and providers in 2024. Duncan Trenholm and Simon Forster, global co-heads of digital assets at TP ICAP, said in an email that the operating model of spot crypto exchanges will continue to change as separation of execution and custody becomes the default for institutional investors. They expect trading activity to continue to shift to traditional regulated exchanges and venues, and that spot crypto volumes that were once dominated by offshore exchanges will…

Cryptocurrency Exchanges Binance Added “Watch Tag” to list of cryptocurrencies including privacy coins Monero (XMR), Zcash (ZEC), Horizon (ZEN) and Firo (FIRO).In a statement, Binance said tokens with the watch tag “exhibit significantly higher volatility and risk relative to other listed tokens” and therefore “no longer meet our listing criteria” and are at risk of being delisted from the exchange.The company added that tokens tagged with watch are subject to regular review, with criteria considered during the review including trading volume and liquidity, network stability and security, “contribution to a healthy and sustainable crypto ecosystem,” and “response to periodic due…

Popular American stock exchange Nasdaq is showing significant interest in the crypto market as traders predict a bullish season. At the same time, a new crypto project, Everlodge (ELDG), is attracting investors with its AI-driven approach to predicting the profitable real estate market. Let's dig deeper to understand what these key players are up to. Nasdaq reuses cryptography This year, 2023, cryptocurrencies have come under a lot of scrutiny from regulators. In recent news, we observed that the industry is trying to avoid it as well as the Nasdaq. What is Nasdaq doing with cryptocurrencies? Nasdaq Inc. is repurposing previously…