The IRS has released an updated Form 1099-DA for reporting digital asset transactions. Starting from 2026, brokers are required to use this new design. It includes a section for tracking various financial activities, including buying and selling cryptocurrencies, NFTs, and stablecoins. The guide outlines various categories of brokerages including kiosk operators, digital payment processors, providers … Read more
Over the past five days, there has been a significant surge in redemptions for GBTC as the Bitcoin halving event approaches. This trend has resulted in a withdrawal of $89.9 million. Since the beginning of the year, this totals up to a massive outflow of $1.6 billion. The high demand for redeeming investments in high-valuation … Read more
Community leaders were surprised by the high turnout of attendees who persevered and came to Token2049 in the UAE, despite the difficulties encountered by members of the cryptocurrency community while traveling there by plane. Despite the requirement for cryptocurrency enthusiasts to travel to the United Arab Emirates for Token2049, the large turnout of attendees took … Read more
On April 19, Coin Center, a prominent cryptocurrency advocacy organization, encountered opposition to the Senate’s bill regarding stablecoins. Proposed by Senators Kirsten Gillibrand and Cynthia Lummis, the Payment Stablecoin Act aims to control stablecoins that mirror the value of conventional currencies, like the US dollar. According to Coin Center, ending algorithmic stablecoins raises an questionable … Read more
The Fjord Foundry, which is the platform for launching cryptocurrency tokens, has successfully gathered over $15 million during its pre-sale, which ends this week. Using the LBP (Liquidity Bonding Pool) model, the team initially priced the token at $5.37 on April 16th. However, the price for the last sale was recorded at $2.34, creating early … Read more