The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines. In a recent filing related to an ongoing lawsuit, the service argues that the rewards generated through staking do not constitute new property and should […]
A petition initiated by freedom advocate Aaron Day, calling for the release and pardon of Roger Ver, has gathered 245 signatures out of a goal of 500. Ver, the founder of Bitcoin.com, is facing extradition to the U.S. on charges of tax evasion. Petition Presses for the Release of Roger Ver as U.S. Pursues Extradition […]
The United Arab Emirates (UAE) has requested consular services for Telegram CEO Pavel Durov following his arrest in Paris for alleged cybercrimes. France is investigating Durov for enabling illegal activities through Telegram. Russia has similarly sought to protect Durov’s rights, but France has been described as uncooperative. Telegram denies any wrongdoing, defending its moderation practices […]
As Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission (SEC), recent legislative developments have highlighted a growing discord between U.S. Congress and the SEC over digital asset regulation. This past week, legislators passed comprehensive digital asset legislation aimed at curbing the SEC’s expansive jurisdiction claims. As Coinbase […]
Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that the “ability to actually transact a product that people are familiar with and […]