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Lawmakers call on IRS to amend form for charitable donations in crypto

Lawmakers call on IRS to amend form for charitable donations in crypto

Members of Congress’s Blockchain Caucus advocated for clearer tax policy for crypto donations in a new letter to Internal Revenue Service Commissioner Charles P. Rettig.  Congressional lawmakers have previously called on the IRS for crypto tax clarity related to forked assets, staking and other guidance on “basic reporting requirements.” However, Thursday’s missive specifically related to what …

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The Block Research January Analyst Call

The Block Research January Analyst Call

Each month The Block Research hosts an analyst call reviewing the most important topics from the month prior. This month Lars Hoffmann takes a look at January by the numbers. Ryan Todd shares insights from MicroStrategy’s historic Bitcoin Summit. Mika Honkasalo discusses Cosmos IBC and arguments for application-specific chains. Source link

Why it's still too soon to call where Bitcoin might be heading

Why it’s still too soon to call where Bitcoin might be heading

Bitcoin, at the time of writing, was eyeing a 3-week losing streak for the first time since June 2020. While the 7-day period hasn’t concluded yet, a market close below the $32,300-mark will register a third red-weekly candle in a row. Now, while market sentiments didn’t seem to be particularly bearish at press time, certain …

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EU finance ministers call for restrictions on stablecoin issuers

EU finance ministers call for restrictions on stablecoin issuers

Finance ministers from major European Union members are calling for the bloc’s executive arm to put in place significant curbs on stablecoins and their issuers.  According to Reuters, officials from France, Germany, Spain, the Netherlands and Italy issued the call on the first day of an EU event being hosted in Berlin this weekend. Reuters …

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Bloomberg's Pie-in-the-Sky Bitcoin Call Looks Directionally Defensible

Bloomberg’s Pie-in-the-Sky Bitcoin Call Looks Directionally Defensible

Based on a slew of recent predictions, bitcoin prices could more than double this year to $20,000. Or go to $250,000 by early 2023. Or $300,000 within five years. What’s confounding cryptocurrency traders now is the wide gap between such lofty forecasts and the banal reality: Since late April, bitcoin has traded in a range between roughly $8,500 and $10,200.   …

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Can Bitcoin be viewed as a call option on inflation?

Can Bitcoin be viewed as a call option on inflation?

Bitcoin’s performance has dragged many of the traditional markets’ prominent traders and speculators to the crypto-market. Bitcoin’s growth is evidence of that, with the world’s largest cryptocurrency gaining in momentum and appreciating in price, while garnering interest from world investors, even as the global economic turmoil unraveled. This turbulence in the economy and doubts about …

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