IRS Delays New Crypto Tax Reporting Rules Until 2026
The US Internal Revenue Service (IRS) announced a one-year delay in the implementation of new tax reporting requirements for cryptocurrencies. It is now set to take effect on 1 January 2026. The postponement gives brokers more time to adapt to the regulations, which focus on determining the cost basis of cryptocurrencies on centralized platforms, according More...
Indonesia Fails To Transfer Crypto Oversight From Trade Ministry To Financial Services Authority
Indonesia’s plan to shift crypto asset supervision from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK) has yet to materialize. The transition, More...
Is Venezuela Abandoning Dollar For Digital Assets? Crypto Adoption Skyrocketed Over Past Year
As Venezuela continues to battle hyperinflation and economic instability, cryptocurrencies have emerged as a lifeline for many citizens. With the country’s currency, bolivar, losing its value at an alarming More...
Banks Will “Closely Monitor” Crypto Transactions As China Imposes New Forex Rules
Intensifying its grip on crypto activities yet again, China introduced new foreign exchange rules that impose stricter scrutiny on crypto transactions. According to a report from the South China Morning Post on More...
BlackRock’s Spot Bitcoin ETF Saw Over $37 Billion in Net Inflows in 2024
BlackRock’s iShares Bitcoin Trust (IBIT) emerged as the dominant player in the cryptocurrency exchange-traded fund (ETF) market, recording over $37 billion in net inflows in 2024, according to data from Farside More...
Don’t Miss These 3 Bold Predictions For Crypto In 2025!
The cryptocurrency market continues the race against time as it prepares for the upcoming year that is 2025. This year will mark the introduction of several unprecedented milestones and transformations as per the More...
NFT Sales Surge Past $8.8 Billion in 2024, Exceeding 2023 by $100 Million
Non-fungible tokens (NFTs) closed 2024 on a strong note, with annual sales surpassing $8.83 billion, according to data from CryptoSlam. This marks a 1.1% increase over the $8.7 billion recorded in 2023, suggesting More...
Crypto Revolution 2025: Trump’s Bitcoin Strategy, Swiss BTC Reserve, and Global Adoption Trends
Crypto beckons the year of mainstream adoption in 2025, as Trump crypto plans for a Bitcoin Reserve are bolstered by Elon Musk crypto influence. As we start 2025, the cryptocurrency space is poised for significant More...
What Does January 2025 Mean For The Crypto Market?
The cryptocurrency market is gearing up for a pivotal month as January 2025 ushers in significant political, economic, and technological changes. From potential policy shifts under the Trump administration, to More...
Top 15 Crypto Tax-Free Countries In 2024: How Can You Optimise Taxes On Crypto Assets In 2025?
If you are a crypto investor, crypto tax is an important subject for you. Yes, crypto continues to reshape the global financial landscape. But governments worldwide are grappling with how to regulate and tax this More...
