Bitcoin News and Finance: What You Need to Know

Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service (IRS) issued a memorandum in October, addressing the tax obligations of digital asset rewards in accounts […]

Bitcoin could skyrocket to record highs if Trump wins the election, driven by pro-crypto policies, deregulation, and surging investor demand, predicts Devere Group’s CEO. A Historic Bitcoin Rise in Sight Nigel Green, CEO of financial advisory giant Devere Group, believes bitcoin could hit unprecedented highs if former U.S. President Donald Trump wins the upcoming U.S. […]

The CEO of Paxos has issued an urgent letter to both Trump and Harris, urging them to pursue immediate crypto reforms to preserve U.S. financial leadership. Urgent Crypto Reform Needed: Trump and Harris Face a High-Stakes Decision The CEO of blockchain infrastructure firm Paxos, Charles Cascarilla, issued an open letter to Vice President Kamala Harris […]

With just four days left until the U.S. 2024 election, the latest prediction market data paints a shifting landscape: former President Donald Trump’s odds have taken a downturn, while Vice President Kamala Harris is enjoying an upswing in her chances. Trump’s Odds Slip, Harris Gains — What 2 Major Prediction Markets Are Telling Us As […]