Tag Archives: Bitcoin News

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Following record-high adoption in 2022, the Internal Revenue Service (IRS) is revamping its crypto reporting requirements. The IRS Is Upping the Ante on Its Crypto Reporting Requirements For starters, the IRS is no longer referring to crypto as “virtual currencies” but as “digital assets.” On your 1040 income tax form, you will now be asked the following question: At any time during 2022, did you: (a) receive (as a reward, award, or payment for property or services); or...

Union Finance Minister Nirmala Sitharaman of India commented that crypto regulation has become a major priority for several finance ministers and central bank governors of G20 countries. She commented that during this year’s summit, crypto regulation is likely to be a hot topic that many of them will discuss. Nirmala Sitharaman: Crypto Regulation Must Be Enforced By All Nations Sitharaman also commented that crypto regulation will likely have to be a group effort. There...

Why do actors consider themselves experts on things they’re clearly not experts on? Is it because they’re surrounded by entourages that deem them gods of some kind? Is it because their agents and managers suck up to them out of knowing that if they don’t do what they should, they won’t get their ten percent cuts? In any case, actors seem to think they always know it all, and Ben McKenzie of “The O.C.” fame is no exception. Ben McKenzie Likely Doesn’t Know as Much as He...

The price of bitcoin went up a bit in early February after it was announced that the Federal Reserve was predicting decreased inflation for 2023. Bitcoin Jumps Following Positive Fed Remarks The words came by way of Jerome Powell, the Federal Reserve chair. He stated in an interview: We expect 2023 to be a year of significant declines in inflation. It’s our job to make sure that that’s the case. My guess is it will take certainly into not just this year, but next year to...

A new report unveiled by the United Nations in early February shows that North Korea stole more crypto in 2022 than it has in any other year. North Korea Has Stolen a Lotta Crypto North Korea has long sought to get its hands on illicit crypto and launder it so it can be used to fund its ever-growing nuclear program. The nation houses several hacking organizations such as Lazarus and has initiated attacks against regions in Asia, Europe, and even North America. The report...

Cathie Wood of Ark Invest believes that by owning Coinbase stock, her new portfolio is enough to knock the Nasdaq into oblivion. She clearly feels Coinbase is going to take the world by storm alongside the likes of bitcoin, Ethereum, and other major forms of crypto. Cathie Wood Thinks BTC and Coinbase Stock Will Shine Wood is particularly pleased with bitcoin’s prospects as of late and stated in a recent interview that she thinks bitcoin could reach a price of more than...

Riot Blockchain – one of the largest and most recognized crypto mining facilities in the world – reported that January was its best month to date in terms of crypto extraction. The company says it was able to pull as many as 740 BTC units from the blockchain two months ago, the most it’s ever done. Riot Blockchain Saw Its Mining Figures Reach Sky High This is good news in that everything we’ve heard ever since the midway point of 2022 suggests mining has become much...

Charlie Munger hates bitcoin. He’s made that clear from the get-go. By contrast, Michael Saylor – the former CEO of MicroStrategy – loves bitcoin. Recently, the latter gave his thoughts on the former, and stated that Munger needs to spend more time with BTC so he can understand what it’s all about. Michael Saylor on Charlie Munger: He’s Not 100% Off Not long ago, Munger published an op-ed in the Wall Street Journal claiming that no form of crypto could qualify as a...

Billionaire investor Tim Draper recently took a trip to Sri Lanka to promote bitcoin to the nation’s central bank only to be kicked out unceremoniously. Tim Draper Tries to Bring BTC to Sri Lanka While he wasn’t kicked out in a literal sense, regulators of Sri Lanka didn’t welcome Draper with open arms and commented that the use of crypto or bitcoin would never occur within the nation’s borders. Draper initially sought to push bitcoin as a financial tool that could not...