Experts weigh in on updated IRS notices and changes for 2021 In the approximately dozen years of cryptocurrency trading, the IRS has been working through how to classify it and obtain its pound of flesh. The IRS has juggled its duty to provide clarity with the need to stay light on its feet with this…
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Companies are making bigger and bigger bets on bitcoin. The real news here: the world’s largest asset manager has dipped a toe into the bitcoin pool, which could send far-reaching waves…
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This year, tax payers are in luck. The federal tax deadline has been extended to May 17th in 2021. At this point, you are probably thinking about how to report your crypto transactions on your tax return. The IRS still does not provide the most explicit guidelines on crypto taxes, and since there are many caveats, you…
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BNY Mellon, America’s oldest and tenth largest bank, directly manages $2.2 trillion in assets. Will this oldest-of-old-school banks backing bitcoin finally pave the way for Boomer adoption?
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Tesla buying bitcoin is big news. Even bigger news, though, is Apple’s perfect positioning to dominate the entire crypto marketplace by opening their own exchange and giving 507 million users worldwide access to cryptocurrencies via Apple Pay. Here’s our take…
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The world’s largest credit card company, with its 1.1 billion credit cards in circulation and its partnerships with 275 banks, has launched a crypto buying, trading and custody platform for partner banks. Thanks to Visa’s vast global reach and long-term relationships with banks, this could be the catalyst the cryptocurrency world has been waiting for…
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Banks, traditionally conservative and risk-averse institutions, are increasingly getting involved in blockchain and digital currency transactions. Here are the latest three banks with big blockchain plans, and what their role in mainstreaming cryptocurrencies might mean for the future…
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We’ve all seen both DeFi and cryptocurrencies playing a larger and larger role in the world economy, and adoption increasing at institutional, personal and the policy levels. With the Biden administration, will we finally get the key officials the cryptocurrency world has been waiting for?
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A recent poll found huge increases in financial planners as well as their clients purchasing cryptocurrencies. While that’s a big deal, there’s even bigger news on widespread crypto access and adoption…
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The OCC finds blockchain to be on par with other widely-used electronic payments like SWIFT, ACH and FedWire, and even said blockchain payments could provide a more resilient system as the large number of nodes would limit tampering on the network. Has crypto finally come of age?
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