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The IRS is trying to make life a little less complicated for crypto investors. They’ve released a new draft of the 1099-DA form, which is used to report crypto transactions. This new draft is much better than the original one they released earlier this year. What’s Changed? Here are the biggest changes: No more wallet…
Bitcoin had a wild week, with prices going up and down like a rollercoaster. It dropped from $66,000 to $49,800 in just a few hours, but then bounced back to a high of $62,300. By the end of the week, it settled around $60,000. Bitcoin’s Strength While Bitcoin was going through this wild ride, most…
Market expert Tom Lee thinks the recent stock market drop might be over. He’s looking at the VIX, a measure of how much investors expect the market to move. The VIX spiked really high last week, but it’s starting to calm down. “The VIX is normalizing, and that tells me the worst of the panic…
The Winklevoss twins, founders of Gemini cryptocurrency exchange, are calling out the Commodity Futures Trading Commission (CFTC) for proposing a new rule that would ban event contracts, also known as prediction markets. CFTC’s Proposed Rule: A “Blanket Ban” Tyler Winklevoss argues that the CFTC’s proposed rule would unfairly deny Americans access to these markets, which…
Last week, Bitcoin took a tumble, dropping to around $49,000. But don’t worry, this dip wasn’t all bad news! In fact, it seems like some big-time investors saw this as a chance to buy low. Whales Are Gobbling Up Bitcoin According to IntoTheBlock, a company that analyzes cryptocurrency data, there was a massive $1.7 billion…
Cryptocurrency is about to go through a period of supercharged growth, according to investor and venture capitalist Preston Pysh. He believes that the next five years will see exponential growth in the crypto market, far exceeding what we’ve seen in recent years. Big Players Are Getting In Pysh’s optimistic outlook is based on the idea…
Bitcoin has been pretty quiet lately, only going up a tiny bit in the past day. But after a big crash in the financial markets, it bounced back strong last week, gaining 16% and reaching a high of $62,000. A Big Breakout on the Horizon? Crypto analyst Michaël van de Poppe thinks Bitcoin might be…
The crypto market is facing a rough patch, with macroeconomic factors taking center stage. According to Coinbase Research, the market is likely to remain vulnerable in the coming weeks due to a lack of positive catalysts. Macroeconomic Pressures Weigh In The crypto market is becoming increasingly sensitive to global economic events. Recent events like the…
The crypto world is buzzing about Ethereum and a new memecoin called Mpeppe. Ethereum is doing well, and Mpeppe is hoping to capitalize on that success. Ethereum: A Strong Foundation Ethereum is a big deal in the crypto world. It’s a platform for all sorts of cool things, like decentralized apps and financial transactions. Ethereum…
The US Securities and Exchange Commission (SEC) has put the brakes on approving a new ETF that would invest in both Bitcoin and Ethereum. This ETF, proposed by Brazilian asset manager Hashdex, would be the first of its kind. What’s the Hold Up? The SEC is taking its time to review the application. While they…
