After a tough year for crypto, here’s how to handle losses on your tax return

A worsening macroeconomic local weather and the collapse of trade giants like FTX and Terra have weighed on bitcoin’s value this 12 months. STR | Nurphoto by way of Getty Photos Crypto losses can offset funding positive aspects One of many silver linings of plummeting property is the possibility to leverage tax-loss harvesting, or utilizing … Read more

Premier League signs deal with NFT-based fantasy soccer game despite crypto downturn

The Sorare NFT soccer buying and selling card recreation has partnered with the Premier League on a multi-year licensing settlement. Sorare Sorare, the $4.3 billion fantasy soccer recreation, has signed a multi-year cope with the Premier League that may see the world’s high soccer league license official participant playing cards. Gamers of the sport will … Read more

Great Expectations: What the Indian crypto industry is hoping for in Budget 2023

The crypto business has nice expectations from the upcoming Union Price range of 2023. The Business is hoping that FM Nirmala Sitraman will carry a lot of adjustments, particularly how Digital Digital Property (VDAs) are labeled and taxed. The two main calls for are: 1. The 1% tax deducted at supply (TDS) on sale transactions … Read more

Most criminal crypto channels only go through 5 exchanges

For many years, the The crypto economy is rife with black market sales, theft, ransomware, and money laundering—despite the odd fact that in that economy practically every transaction is recorded in the ledger. the permanent, immutable part of the blockchain. But new evidence suggests that years of progress in blockchain tracing and cracking down on … Read more

The country needs a rational crypto regulatory regime

Digital digital belongings, or VDAs, have emerged in recent times as a world phenomenon, with buyers fascinated by their potential, tech companies taking a look at use instances for blockchain know-how with VDAs as fairness, and governments apprehensive about their perceived dangers to financial and financial coverage. VDAs have already gone by three boom-and-bust cycles. … Read more

Crypto exchange Gemini lays off 10% of workforce in its latest round of cuts

Crypto change Gemini will cut back its headcount by 10%, a spokesperson advised CNBC on Monday. It is at the very least the third spherical of cuts in lower than a yr for Gemini, which was co-founded by twins Cameron and Tyler Winklevoss, and in contrast to a lot of its friends, is subject to New York … Read more

DCG-owned crypto exchange Luno axes 35% of staff

A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images Cryptocurrency exchange Luno is the latest company in the industry to make layoffs, setting out to cut 35% of its global workforce. The London-based firm’s CEO, Marcus Swanepoel, … Read more

North Korea-linked hackers behind $100 million crypto heist, FBI says

The FBI claims North Korea-linked hackers were behind a $100 million crypto heist on the so-called Horizon bridge last year. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korean-linked actors were behind the theft of $100 million through the hack of a crypto product last year, the Federal Bureau of Investigation said. … Read more

Crypto Price Today: Bitcoin above $23,100; Binance, Polkadot rise up to 5%

New Delhi: The cryptocurrency market was buying and selling increased on Tuesday. Bitcoin (BTC) rose 1.48% and held above the $23,000 mark, whereas Ethereum (ETH) was snug above the $1,600 stage.BTC quantity within the final 24 hours stood at roughly $26.82 billion, rising 12.78% within the final 24 hours. “Bitcoin hovered above the US$23,000 stage … Read more

Crypto exchange Gemini lays off 10% of workforce

Crypto exchange Gemini will reduce its headcount by 10%, a spokesperson told CNBC on Monday. It’s at least the third round of cuts in less than a year for Gemini, which was co-founded by twins Cameron and Tyler Winklevoss, and unlike many of its peers, is subject to New York banking regulation. Gemini had 1,000 employees as … Read more

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