Connect with us

Blockchain

Coinbase to offer secondary market for private shares ahead of public stock listing

Coinbase is launching a secondary market ahead of its hotly anticipated public market debut.

The post Coinbase to offer secondary market for private shares ahead of public stock listing appeared first on The Block.

Avatar

Published

on

Blockchain

NEXT Chain: New Generation Blockchain With Eyes on the DeFi Industry

[Featured Content] The cryptocurrency industry is booming throughout the past year, and the increase in the total market capitalization is definitive proof. The market is, at the time of this writing, valued at about $1.5 trillion. The same can be said about the DeFi industry. The total value locked in various protocols exceeds $39 billion, […]

Avatar

Published

on

[Featured Content] The cryptocurrency industry is booming throughout the past year, and the increase in the total market capitalization is definitive proof. The market is, at the time of this writing, valued at about $1.5 trillion. The same can be said about the DeFi industry. The total value locked in various protocols exceeds $39 billion, […] Checkout PrimeXBT
Source: https://cryptopotato.com/next-chain-new-generation-blockchain-with-eyes-on-the-defi-industry/

Continue Reading

Blockchain

‘Bitcoin Senator’ Lummis Optimistic About Crypto Tax Reform

Sen. Cynthia Lummis, the first in the Chamber to own Bitcoin, says bipartisan support will accelerate crypto tax reform.

Avatar

Published

on

Sen. Cynthia Lummis (R-Wy) expressed hope on Wednesday that Congress will be able to reform the tax rules governing cryptocurrency, which have been a longtime bugbear for Bitcoin owners and the burgeoning crypto industry.

“We’re optimistic we can find bipartisan agreement on that issue,” said Lummis during a meeting with crypto executives and policy makers on the social media app Clubhouse.

The comment from Lummis, who has owned Bitcoin since 2013, came in response to a question about whether Congress will pass a proposed law calling for a “de minimis” tax exemption for small cryptocurrency transactions.

Currently, IRS guidance stipulates that any minor crypto transaction—such as sending $5 worth of Bitcoin to a friend or using it to buy a cup of coffee—can amount to a capital gains event. Critics say this rule creates needless tax headaches, and discourages innovation by limiting the use of crypto in day-to-day transactions.

And while the IRS has become preoccupied with collecting tax on crypto—a question about virtual currency is now at the top of filers’ income tax return—the agency has done little to simplify the process for reporting it.

Lummis’s interest could help accelerate the passage of crypto tax reform, which has been proposed in bills before the House of Representatives, but never in the Senate. Lummis, whose home state of Wyoming has branded itself as a crypto hub, also pointed to a new Financial Innovation Caucus she is leading with Sen. Kyrsten Sinema (D-Az) as evidence of bipartisan interest in the issue.

Bitcoiner Cynthia Lummis Wins US Senate Seat

Policy researchers on the Clubhouse call cautioned, however, that passage of crypto legislation is unlikely to occur in the near future. The Biden Administration and Congress is currently wrangling over weighty issues related to the pandemic and economic stimulus, so crypto taxation—a relatively boutique issue—is unlikely to be a high priority.

More broadly, members of the call noted that lawmakers are becoming more knowledgable about cryptocurrency, and not only at the federal level.

Nathan McCauley, the CEO of crypto storage service Anchorage, said that his company has been speaking with several state governments about adding crypto to their corporate treasuries—a move that would mirror what big private sector companies like Tesla and Square have done in recent months.

McCauley suggested the states’ interest in crypto is related to a search for alternate finance and investing options at a time when bond markets are in a prolonged slump.

Checkout PrimeXBT
Source: https://decrypt.co/60059/bitcoin-senator-lummis-crypto-tax-reform

Continue Reading

Blockchain

Billionaire Hedge Fund Manager and a Former CFTC Chairman Reportedly Invested in Crypto Firm

The hedge fund manager who predicted BTC’s rise to $40k in 2018 and the former CFTC Chair, a.k.a ‘crypto dad’, have invested in BlockTower Capital.

Avatar

Published

on

The hedge fund manager who predicted BTC’s rise to $40k in 2018 and the former CFTC Chair, a.k.a ‘crypto dad’, have invested in BlockTower Capital. Checkout PrimeXBT
Source: https://cryptopotato.com/former-cftc-chairman-and-a-billionaire-hedge-fund-manager-reportedly-invested-in-crypto-firm/

Continue Reading

Blockchain

Bitcoin Price Analysis: Back Above $50K, But Facing Huge Resistance Now

Bitcoin is up by a solid 6% today as the primary cryptocurrency surged by over $3000 over the past 24 hours. Quick recap: bitcoin is recovering after a heavy correction over the past week, in which the cryptocurrency dropped by around 25% as it broke beneath the February ascending price channel (as shown on the […]

Avatar

Published

on

Bitcoin is up by a solid 6% today as the primary cryptocurrency surged by over $3000 over the past 24 hours. Quick recap: bitcoin is recovering after a heavy correction over the past week, in which the cryptocurrency dropped by around 25% as it broke beneath the February ascending price channel (as shown on the […] Checkout PrimeXBT
Source: https://cryptopotato.com/bitcoin-price-analysis-back-above-50k-but-facing-huge-resistance-now/

Continue Reading
Blockchain48 mins ago

NEXT Chain: New Generation Blockchain With Eyes on the DeFi Industry

Blockchain49 mins ago

‘Bitcoin Senator’ Lummis Optimistic About Crypto Tax Reform

Blockchain51 mins ago

Billionaire Hedge Fund Manager and a Former CFTC Chairman Reportedly Invested in Crypto Firm

Blockchain53 mins ago

Bitcoin Price Analysis: Back Above $50K, But Facing Huge Resistance Now

Blockchain55 mins ago

Institutional Investors Continue to Buy Bitcoin as Price Tops $50K: Report

Blockchain58 mins ago

TRON’s First Cross-Chain Prediction Market Comes Through a Partnership with Prosper

Blockchain2 hours ago

Dogecoin becomes the most popular cryptocurrency

Blockchain2 hours ago

Dogecoin ($DOGE) Developers Announce Update For Internet’s Favorite Meme Cryptocurrency

Blockchain2 hours ago

UK Budget Avoids Tax Hikes for Bitcoin Gains

Blockchain2 hours ago

Kings of Leon are releasing an album as an NFT

Blockchain3 hours ago

CertiK’s COO on the future of blockchain security and the normalisation of crypto-insurance

Blockchain3 hours ago

Biggest Digital Yuan Trial to be Rolled Out in Chengdu, China

Blockchain3 hours ago

Dan Larimer’s newest project is another attempt at decentralized social media

Blockchain3 hours ago

Crypto Analyst: BTC Hit Relative Low For Now, Rally to $54K Likely

Blockchain3 hours ago

Ark Invest CEO Cathie Wood Addresses Bitcoin FUD

Blockchain4 hours ago

SigmaUSD – Ergo’s Community Deployed Stablecoin Is Live!

Blockchain4 hours ago

Budget 2021: UK Bitcoin Owners Relax as Capital Gains Tax Stays Flat

Blockchain4 hours ago

Ethereum Lacks Strong Momentum Above $1550, Dips Are Limited

Blockchain4 hours ago

Blockchain4 hours ago

Blockchain4 hours ago

Blockchain4 hours ago

Blockchain4 hours ago

Blockchain4 hours ago

Bitcoin Cash Fluctuates Between $445 and $560 as Bulls and Bears Reach Equilibrium

Aviation4 hours ago

Ryanair Pledges To Support Sustainable Aviation Fuels

Blockchain4 hours ago

Blockchain4 hours ago

Blockchain4 hours ago

Blockchain4 hours ago

Blockchain4 hours ago

The reformed Bitcoin Maxi who saw the light: Erik Voorhees

Trending