Tag Archives: 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...

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ADA price is trading in a bearish zone below the $0.355 support zone against the US Dollar. The price is now trading below $0.355 and the 55 simple moving average (4-hours). There are two bearish trend lines forming with resistance near $0.3400 and $0.3580 on the 4-hours chart (data feed via Kraken). The price could continue to move down if it stays below the $0.3550 resistance zone. Cardano price is struggling below $0.355 against the US Dollar, similar to bitcoin. ADA...

Ethereum price is struggling to recover above the $1,600 resistance against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1,620 the 4-hours chart (data feed from Coinbase). The pair could recover, but it is likely to face sellers near the $1,600 resistance zone. Ethereum price is declining below $1,600 against the US Dollar. ETH/USD remains at a risk of...

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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...

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