The Internal Revenue Service’s new Form 1099-DA, while designed to streamline tax reporting for cryptocurrency users, may inadvertently trigger audits due to incomplete cost basis data provided by exchanges, an expert warns.
The ‘Phantom Gain’ Trap
The Internal Revenue Service (IRS)’s new Form 1099-DA, though well-intentioned, could unfairly target many cryptocurrency users for audits due…
Senator Cynthia Lummis Calls on Senate to Cancel Summer Break Amid Digital Asset Push
Wyoming Senator Cynthia Lummis, often referred to as the “Crypto Queen,” has urged her colleagues in the U.S. Senate to forgo their traditional August recess, insisting that lawmakers…
Mercurity Fintech Secures $200 Million from Solana Ventures for SOL Treasury Expansion
Mercurity Fintech Holding Inc. (Nasdaq: MFH) has secured a $200 million equity line of credit from Solana Ventures Ltd., marking a pivotal milestone in its evolution from a fintech…
The White House is poised to release its long-awaited comprehensive report on digital assets, marking the Trump administration’s first major crypto policy blueprint, according to a report by Crypto In America’s Eleanor Terrett.
White House Digital Assets Report Due Before Month’s End, Reporter’s Source States
The report, officially due on Tuesday, July 22, will be made public “before the…
High-profile trader Dave Portnoy recently revealed that he sold his XRP holdings at $2.40 just two weeks before the asset reached a new all-time high of $3.66.
The Circle Factor
Dave Portnoy, the founder of Barstool Sports, recently said he sold his XRP holdings at $2.40…
Marvin Bertin has raised concerns about the security risks posed by bridges and wrapped assets. He warned that these solutions introduce vulnerabilities that compromise Bitcoin’s security model.
Bertin: Wrappers Are Worse
In the rapidly expanding world of decentralized…
Ever since Strategy, previously Microstrategy, began putting bitcoin ( BTC) into its company coffers, a significant number of other businesses have followed suit. Currently, various organizations are incorporating leading alternative coins into their financial holdings, and below is a glimpse at some of the entities acquiring large sums of ethereum ( ETH) this year.
Crypto Treasuries Go Ethereum…
Goldman Trader Notes Market Strength, Crypto Ascent to $4T Amid Warning on Shifting Risk/Reward
July 21, 2025
Goldman Sachs’ top trader, Tony Pasquarello, sees the U.S. stock rally holding its pace but flags a shifting risk and reward dynamic as summer approaches—especially with the crypto market ballooning to a staggering $4 trillion in value.
Goldman’s Pasquarello on…
While bitcoin has hovered between $117,502 and $118,781 over the past 24 hours, prices in South Korea are trailing behind the global average. Data reveals that bitcoin has been trading at a discount in the country for 12 consecutive days.
Korean Bitcoin Market Enters…
A massive ransomware ring is collapsing as U.S. authorities track 1,610 BTC in ransom payments, leveraging bitcoin trails to identify and charge global cybercriminals.
Bitcoin Ransom Plot Crashes as US Closes in on Ryuk Mastermind
The U.S. Department of Justice (DOJ) announced on July 16 that a ransomware suspect extradited from Ukraine has been charged in the United States after investigators…
