As the 2024 presidential election approaches, U.S. Senator Ted Cruz has been vocal in his support for Bitcoin, positioning Texas as a leading hub for cryptocurrency innovation.
Read MoreAs the 2024 presidential election approaches, U.S. Senator Ted Cruz has been vocal in his support for Bitcoin, positioning Texas as a leading hub for cryptocurrency innovation.
Read MoreOn August 8, the Internal Revenue Service (IRS) unveiled a revised draft of Form 1099-DA, aimed at streamlining the process for reporting digital asset transactions. The updated form, tentatively titled “Digital Asset Proceeds From Broker Transactions,” is set to come into effect for transactions starting in tax year 2025, with reports due by April 2026.
Read MoreThe anticipated meeting between Democratic Presidential nominee Kamala Harris and key figures from the cryptocurrency industry, originally scheduled for Monday, August 5, has been postponed.
Read MoreIn a landmark fundraising event, former President Donald Trump raised an impressive $25 million from key figures in the cryptocurrency industry. This high-profile event, held at a Bitcoin conference in Nashville, marks one of the largest single fundraising events for Trump’s campaign to date.
Read MoreElon Musk, the enigmatic billionaire and owner of X (formerly Twitter), has once again stirred the crypto world with a seemingly innocuous change.
Read MoreThe US Treasury Department has recently finalized a new set of tax rules for cryptocurrencies, aligning them more closely with existing tax reporting requirements for traditional financial instruments like stocks and bonds.
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