The IRS Should Offer a Free Tax Reporting Tool to DeFi Users

This interview is part of CoinDesk’s Tax Week, presented by TaxBit. It was excerpted from The Node newsletter.The so-called broker rule, laid out by the IRS in a tax reporting proposal has been at times called unconstitutional, unprecedented in scope and an existential threat for the cryptocurrency industry. Indeed, by expanding the definition of a

BTC revisits Friday's high above $63,000, maintaining the positive momentum. China's highly-anticipated stimulus announcement fell short of expectations, suggesting a low probability of continued outflows into China-linked assets. Bitcoin made another push toward establishing a foothold above $63,000 Saturday as China's highly-anticipated fiscal stimulus announcement fell short of expectations, reducing the likelihood of capital rotation

Jul 29, 2020 at 08:00 UTCUpdated Jul 29, 2020 at 08:03 UTCTokenSoft's Bay Area office space is just 10 floors above the SEC's west coast wing. (Mason Borda)605 Days Later: How ArCoins Got the SEC Go-Ahead as an Ethereum-Traded Treasuries FundConvincing the U.S. Securities and Exchange Commission (SEC) that the Ethereum blockchain is an acceptable…

Dec 2, 2019 at 12:30 UTCUpdated Dec 2, 2019 at 12:34 UTCThe Vertcoin Cryptocurrency Just Got 51% Attacked – AgainVertcoin, a crypto project that aims to keep mining power decentralized, has suffered its second 51-percent attack in a year.The incident saw 603 genuine blocks on the Vertcoin main blockchain replaced with 553 blocks written by…

(Priscilla Gyamfi/Unsplash)Bitcoin’s Stolen RevolutionEvan Shapiro is CEO and co-founder of O(1) Labs, the team behind Coda Protocol, a lightweight chain that affords all participants fully P2P, permissionless access from any device. Who controls Bitcoin? A hint: It’s not you. And it’s a far cry from the decentralized utopia many claim it to be. Systems of…

Feb 5, 2020 at 11:35 UTCUpdated Feb 5, 2020 at 11:39 UTCBrad Garlinghouse, Ripple CEO, speaks at Davos 2020. Credit: Zack Seward for CoinDeskRipple's technology will form the basis of a new XRP-based remittance service from International Money Express (Intermex).Ripple announced Tuesday that it had partnered with Intermex, which will leverage RippleNet – a network…

Stripe and crypto exchange Bitstamp have joined forces to expand their businesses in Europe. Bitstamp will help Stripe manage fiat-to-crypto conversions and transfers to consumers. 02:13 Binance Challenges Indian Tax Showcause; Ronin Pauses After $9 Million White Hat Hack 01:00 Donald Trump-Themed DJT Token Slumps 90% 00:54 Is Now a Good Time to Buy the

Dec 30, 2020 at 9:27 p.m. UTCUpdated Dec 30, 2020 at 9:33 p.m. UTCBitcoin prices, Dec. 29 - Dec. 30, 2020. Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes Long-Shot BetThe takeaway:Bitcoin (BTC) trading around $28,775 as of 21:00 UTC (4 p.m. ET). Gaining 7.3% over the previous 24 hours.Bitcoin’s 24-hour range: $26,796.90…

news Samsung Electronics is releasing a new edition of its Galaxy Note 10 smartphone that will come with a pre-installed cryptocurrency wallet in its bid to boost adoption of blockchain tech. According to a Wall Street Journal article on Thursday, the new product is a variant of Samsung’s flagship product Galaxy Note 10 but marketed as a…