China

American crypto holders are scared and confused about this year’s new IRS tax rules

American cryptocurrency holders are feeling anxious and uncertain about the new IRS tax regulations implemented this year. Many are struggling to understand the complexities of reporting their crypto transactions, particularly regarding capital gains and losses. The IRS has increased scrutiny on crypto tax compliance, leading to fears of potential audits and penalties. Additionally, the lack of clear guidance from the IRS has left many investors unsure about how to accurately file their taxes. This confusion highlights the need for better education and resources for crypto investors navigating the evolving tax landscape.

Read the full article: CoinDesk

Goldman Sachs CEO Owns 'Very Little' Bitcoin, Backs Bessent on Clarity Act

Goldman Sachs CEO David Solomon revealed that he personally owns "very little" Bitcoin, emphasizing a cautious approach to cryptocurrency investments. He expressed support for the Clarity Act, which aims to provide clearer regulations for digital assets, aligning with the views of cryptocurrency advocate and former hedge fund manager,

Ethereum’s 50% staking milestone triggers backlash over 'misleading' supply data

Ethereum recently reached a significant milestone, with over 50% of its supply now staked in the network. This development has sparked controversy as critics argue that the reported staking figures are misleading, suggesting they do not accurately reflect the true supply dynamics of Ethereum. Some community members express concerns that

Hyperliquid Launches Policy Center With $29 Million Backing to Advocate for DeFi in DC

Hyperliquid has launched a Policy Center aimed at advocating for decentralized finance (DeFi) in Washington, D.C., backed by $29 million in funding. The initiative seeks to engage with policymakers and promote a regulatory framework that supports innovation in the DeFi space. The funding comes from a consortium of investors

Coinbase’s Base moves away from Optimism’s 'OP stack' in major tech shift

Coinbase's Layer 2 network, Base, is transitioning away from the Optimism 'OP stack' technology to develop its own proprietary solution. This shift aims to enhance performance and scalability while allowing for greater customization. The decision reflects Base's ambition to establish itself as a standalone

Read more

Goldman Sachs CEO Owns 'Very Little' Bitcoin, Backs Bessent on Clarity Act

Ethereum’s 50% staking milestone triggers backlash over 'misleading' supply data

Hyperliquid Launches Policy Center With $29 Million Backing to Advocate for DeFi in DC

Coinbase’s Base moves away from Optimism’s 'OP stack' in major tech shift