Day: March 3, 2022

Bitcoin Drifts Lower, Although Analysts Expect Bearish Sentiment to Fade

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●Bitcoin (BTC): $41895, −4.40% ●Ether (ETH): $2798, −5.15% ●S&P 500 daily close: $4363, −0.53% ●Gold: $1941 per troy ounce, +1.05% ●Ten-year Treasury yield daily close: 1.84% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Original

How are cryptocurrency taxes reported?

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Cryptocurrencies are treated differently than standard assets, which, when combined with the limited CPA resources with extensive knowledge on cryptocurrency taxation, result in a stressful tax season. The current framework is complex to navigate since the IRS treats cryptocurrencies like Bitcoin (BTC) and nonfungible tokens (NFTs) differently from other assets, classifying them as property. Since different rules apply, investors often require the help of a professional or proper crypto tax software to record this activity correctly. Other rules add complexity to the management process by suggesting that the use of…

5 Safest Cryptocurrency To Invest in 2022 – Malayalam [ Long Term ]

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Ukraine’s Cyberpolice Force Starts Accepting Cryptocurrency Donations – Bitcoin News

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As Ukraine is increasingly relying on crypto donations, its Cyberpolice force has also decided to seek help from the crypto community in the country and abroad. The unit now takes various cryptocurrencies to support law enforcement agencies and acquire essential supplies. Cyberpolice Ukraine’s Latest Government Body to Solicit Crypto Donations The Cyberpolice department of the National Police of Ukraine has joined the government in Kyiv and Ukrainian NGOs trying to obtain funding through cryptocurrency amid Russian military invasion. The unit has recently posted an announcement on its website requesting “charitable…

Andreessen Horowitz invests $70M in Ethereum staking protocol Lido

Ethereum staking solution Lido Finance has raised $70 million from venture capital giant Andreessen Horowitz, marking the protocol’s first funding round since May 2021.  Andreessen Horowitz’s investment in Lido is intended to further support the adoption of decentralized staking solutions for Ethereum 2.0, a spokesperson for the venture capital firm said. Ethereum 2.0 marks a significant shift in the network’s consensus algorithm by ushering in the adoption of proof-of-stake (PoS) and other upgrades that could enhance scalability and reduce fees. The transition to Ethereum 2.0, which began in November 2020,…

Bitcoin Analysts Ponder Impact as Oil at Highest Price Since 2008

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Chicago Mercantile Exchange To Offer New Bitcoin (BTC) and Ethereum (ETH) Options Trading

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Chicago Mercantile Exchange (CME) Group is preparing to launch new micro-sized options contracts for the two largest crypto assets by market cap. According to a press release, the new Micro Bitcoin and Micro Ether contracts will be one-tenth the size of a single Bitcoin (BTC) and Ethereum (ETH), respectively. The trading feature will go live on March 28th, pending regulatory review. “The new Micro Bitcoin and Micro Ether options contracts will… offer a wide range of market participants – from institutions to sophisticated, active, individual traders – more ways to…