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  • ConsenSys Backs Lawsuit Against IRS Over Taxing Staked Crypto

    From decrypt.co

    Crypto software giant ConsenSys will financially support an ongoing lawsuit challenging the IRS’ ability to tax staking rewards, the company announced Tuesday. In 2021, Joshua and Jessica Jarrett sued the IRS to recover federal income taxes levied on the Tennessee couple’s stake-generated Tezos, arguing that self-generated staking rewards could not be considered taxable income under federal law. Mid-way through the lawsuit, the IRS offered to issue the Jarretts their requested refund, but the plaintiffs refused, eager to get assurances from a court that the issue wouldn’t arise in the future. No such assurances ... (full story)

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    Coinbase Manager Pleads Guilty to Insider Trading on Tokens

    From bnnbloomberg.ca|Feb 7, 2023

    A former Coinbase Global Inc. manager admitted participating in a scheme to trade on confidential information about when the exchange was going to list new tokens. Ishan Wahi ...

    Bitcoin Favored Over Ether by CME Traders So Far This Year, Arcane Research Report Shows

    From coindesk.com|Feb 7, 2023

    Institutional traders are prioritizing bitcoin over ether exposure so far in 2023, according to a report from digital asset analysis firm Arcane Research. Open interest in bitcoin ...

    Should Dogecoin buyers wait for a breakout past this psychological level before bidding?

    From ambcrypto.com|Feb 7, 2023

    Bitcoin [BTC] continued to trade beneath the $23k mark. While it hasn’t retested the $22.3k support zone, it hasn’t broken above $24.2k either. This phase of consolidation has ...

    •   Newer Stories
    Cutting Costs and Joining Forces, Bitcoin Miners Hoping for Rebound

    From blockworks.co|Feb 7, 2023

    After a rocky 2022, bitcoin miners could be in for a lucrative year, at least if past market cycle patterns repeat. The largest cryptocurrency posted a 64% loss last year, coupled ...

    President Biden's State of the Union Address

    From youtube.com/whitehouse|Feb 7, 2023

    On February 7, President Biden will speak directly to the American people about the historic progress we've made, the work that lies ahead, and his optimism for the future.

    First Mover Asia: Bitcoin Flirts With $23.4K as Jerome Powell Repeats Comment About Waning...

    From coindesk.com|Feb 7, 2023

    Bitcoin is continuing its positive, but cautious climb as Asia checks into the office, rising 2% on-day to $23,276 while ether is up 3% to $1,671. Traders were feeling a sense of ...

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  • Posted: Feb 7, 2023 7:17pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 71
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