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Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note

On Oct 26, 2020
@CoinDesk shared
JPMorgan analysts have detailed "considerable" upsides to bitcoin. However, they note, the cryptocurrency may be “currently overbought for the near term.” Get more blockchain bites, w/ @danielgkuhn https://t.co/uFb7lz34iN
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The IRS clarified its crypto disclosures. A popular DeFi application was attacked. JPMorgan analysts see "considerable" upsides to bitcoin.

www.coindesk.com
On Oct 26, 2020
@CoinDesk shared
JPMorgan analysts have detailed "considerable" upsides to bitcoin. However, they note, the cryptocurrency may be “currently overbought for the near term.” Get more blockchain bites, w/ @danielgkuhn https://t.co/uFb7lz34iN
Open

Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note

Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note

The IRS clarified its crypto disclosures. A popular DeFi application was attacked. JPMorgan analysts see "considerable" upsides to bitcoin.

Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note

Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note

PLUS: Ethereum developer Virgil Griffith's legal defense, PayPal's dropped client and more.

Blockchain Bites: Chainlink’s Interest, Ethereum’s ‘ReGenesis’ and Crypto Taxes

Blockchain Bites: Chainlink’s Interest, Ethereum’s ‘ReGenesis’ and Crypto Taxes

Retail interest in Chainlink is booming, Ethereum may follow Cosmos on its path to upgrade and the U.K. is mulling a CBDC.

IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt

IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt

The IRS has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt.

Will PayPal’s crypto offer turn into a tax nightmare?

Will PayPal’s crypto offer turn into a tax nightmare?

U.S. tax laws treat crypto like property so PayPal users need to be aware of the requirements when using the new cryptocurrency payments system

How to Answer the Crypto Question on the IRS Tax Form

How to Answer the Crypto Question on the IRS Tax Form

Answering the IRS’s crypto question on the new draft on its tax form is mandatory. Here’s how to handle it.

IRS Tax Update for Crypto Investors and Users

IRS Tax Update for Crypto Investors and Users

Under current tax law, property and investments are generally considered capital assets, meaning the IRS views cryptocurrencies as essentially an investment asset and not as a legitimate ...

Facebook’s Cryptocurrency: Stop It Before It Starts

Facebook’s Cryptocurrency: Stop It Before It Starts

Libra will enable cybercriminals if it succeeds. Regulators should stop it “left of launch.”

Crypto Tidbits: Bakkt’s Bitcoin Futures, Coinbase & Xapo, IRS Cryptocurrency Crackdown

Crypto Tidbits: Bakkt’s Bitcoin Futures, Coinbase & Xapo, IRS Cryptocurrency Crackdown

Bakkt revealed that it will be finally launching its Bitcoin futures product; Coinbase made a large acquisition of a facet of Xapo; and Binance revealed that it will be taking its formal ...

Coin Center Calls for Congress to Give U.S. Taxpayers Safe Harbor on Bitcoin Hard Forks

Coin Center Calls for Congress to Give U.S. Taxpayers Safe Harbor on Bitcoin Hard Forks

Cryptocurrency non-profit Coin Center is calling for Congress to provide bitcoin investors with safe harbor on taxes incurred from hard forks.

All Is Quiet on the Bitcoin Front as Congress Mulls New Crypto Regulations

All Is Quiet on the Bitcoin Front as Congress Mulls New Crypto Regulations

Bitcoin’s price carved out a narrower trading range on Saturday, as investors awaited fresh catalysts after a week of volatile moves. As The Wall Street Journal reports, …

Crypto Markets Plummet As Libra Hearings Loom

Crypto Markets Plummet As Libra Hearings Loom

Cryptocurrency markets took a tumble Monday (July 15), with some coins plunging by more than 30 percent following a weekend sell-off. Bitcoin (BTC) slid after reaching new highs, while ...

Crypto Taxation – Preparing for April

Crypto Taxation – Preparing for April

For anyone completing this year’s tax return, there is now much greater clarity on what should and shouldn’t be included with crypto taxation

UK offers $130K for software that can trace Bitcoin, Ethereum, and (hopefully) Monero

UK offers $130K for software that can trace Bitcoin, Ethereum, and (hopefully) Monero

The UK's tax agency needs help catching tax cheats that use cryptocurrency to avoid paying their dues, and it's now crowdsourcing better technology.

Got Cryptocurrency? Get Ready For An IRS Audit

Got Cryptocurrency? Get Ready For An IRS Audit

The IRS is hiring cryptocurrency experts to assist in virtual currency audits, a clear signal those audits will be on the rise.

Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge

Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge

Fintech giant Plaid has added support for two DeFi applications, the IRS wants to know about your crypto and stablecoins have passed the $20B milestone.