A taxing obligation: Is crypto reporting ‘impossible’ under US law?
    11 Jan 2024
    85 Views

    The United States Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin exchange-traded fund (ETF) could come any day now. And when it does, many believe that everything will change. But is the United States ready for an onslaught of first-time crypto investors? Regarding tax compliance, maybe not. Crypto investors will have to pay taxes…

    Ethereum’s changing narrative, spot ETF and altcoin beta hype back ETH rally
    11 Jan 2024
    84 Views

    Ether price broke the resistance at $2,400 for the first time since May 2022, as traders turned their attention to the possibility of an Ethereum exchange-traded fund (ETF) coming after a spot Bitcoin ETF is approved. Ether price rose sharply from the opening price of $2,343 on Jan. 10, soaring more than 7.8% in the last…

    Critics lash out at ‘unsound’ and ‘ahistorical’ spot Bitcoin ETF approval
    11 Jan 2024
    157 Views

    While the crypto industry at large celebrated the long-awaited, landmark approval of spot Bitcoin ETFs in the United States, not everyone was pleased with the Securities and Exchange Commission’s decision. In a Jan. 10 statement, SEC Commissioner Caroline Crenshaw — one of two commissioners to vote against the approval — wrote that the agency’s move to greenlight the Bitcoin-based…