Researchers at Indiana University and the University of Maine recently published a study examining the current state of cryptocurrency tax law in the United States. The research concludes with recommendations for the Internal Revenue Service (IRS) that, if adopted, would prevent taxpayers from weighing crypto losses against other capital gains. The paper, dubbed simply “Crypto Losses,” seeks to define the various forms of loss that can be accrued by businesses and individuals invested in cryptocurrency and proposes a “new tax framework.” Current IRS guidelines concerning cryptocurrency are somewhat nebulous. For…
Category: Bitcoin News
Bitcoin BTC Price Holds Steady as Investors Look Toward Next FOMC Meeting
The largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday’s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding. Author:…
Sustainable Bitcoin Protocol and Crypto Miner Crusoe Energy Piloting a Waste Gas Methodology
Ensuring that this gas would otherwise be flared, adding onto greenhouse gases, is key to the methodology. SBP wants to “ensure that using this waste gas is not perpetuating the problem,” whilst “recognizing that oil and gas will be used for many years to come,” said Brad van Voorhees, co-founder and CEO of SBP. “When done responsibly, utilizing this waste gas is actually really the ideal sort of energy transition process,” he said. Author: Eliza Gkritsi Source link
FTX's LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction
FTX.US last purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk. Author: Tracy Wang Source link
Web3 Gamer – Cointelegraph Magazine
There’s trouble brewing in the red-light region of Decentraland called District X. The ongoing dispute between the leader of District X and a group of community members came to a head with the Decentraland DAO asked to weigh in on the district’s future. Decentraland districts are collectively owned areas on the map built around a particular theme, in District X’s case: adult content. However, it’s seen little development in the five years since it was established. Member Morph submitted a proposal on April 12 that the DAO and the Decentraland…
What’s Next After Bitcoin $BTC Price Retreat
The big story in crypto markets last week was that ether (ETH), turned lower, erasing all price gains notched during the weeks-long mini-rally that followed the seamless implementation on April 12 of the Ethereum blockchain’s highly anticipated Shanghai upgrade. Bitcoin (BTC) reversed course as well, losing its foothold above $30,000 and changing hands around $27,800 around press time. Author: James Rubin Source link
Bitcoin price crawls 2.5% off lows as weekly chart risks ‘bearish engulfing’
Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $26,600 becomes popular BTC price target Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose to circle $27,700 at the time of writing. Up around 2.5% from the lows set the day prior, the pair remained on traders’ radar as a potential short opportunity into the weekly close. “$26,600 is my target in my short position right now, and being the weekend it…
Here Are Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint
Here Are Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint Author: Eliza Gkritsi Source link
Warren Buffett was wrong about a ‘rat poison’ Bitcoin portfolio, data shows
Legendary investor Warren Buffett sees no value in Bitcoin (BTC), infamously calling it “rat poison squared.” But data shows that adding Bitcoin to a so-called “Rat Poison Portfolio,” an equally weighted portfolio of Berkshire Hathaway, Microsoft, JPMorgan, and BlackRock stocks, would have produced much better returns for The Oracle of Omaha. “Rat poison portfolio” with Bitcoin does better Since 2014, allocating only 2.5% Bitcoin yearly to the “Rat Poison Portfolio” increases returns by nearly 20% with reduced risks, according to independent market analyst Alpha Zeta. For now, the portfolio’s returns…
Crypto Options Exchange Deribit Adding Zero-Fee Spot Trading
“With this latest addition, our platform now boasts a comprehensive suite of both derivatives and spot trading solutions, catering to the diverse needs of traders in the digital asset space,” Luuk Strijers, chief commercial officer at Deribit, told CoinDesk. Author: Omkar Godbole Source link