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IRS draft tax form for crypto defines unhosted wallets as brokers

Cryptoslate 20 Apr 2024
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on ... Brokers should report the transaction ID and address originating the sold crypto — and a secondary address if they “transferred in” the funds from another of their hosted wallet addresses ... Crypto brokerage reporting rules have been in the making for some time.

Bitcoin spot ETFs experience five-day withdrawal streak as halving nears

Cryptopolitan 20 Apr 2024
The United States spot Bitcoin exchange-traded funds (ETFs) have yet again experienced significant outflows ... Spot Bitcoin ETFs register significant outflows. According to from Farside Investors, the total spot Bitcoin ETFs in the United States have experienced an outflow of $319 million since April 12. In the report, Grayscale’s GBTC accounted for the largest share of the total outflows. Bitcoin ETF flow table for April 2024.

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# Name Price Volume (24h) % Change (24h)
1 Bitcoin (BTC) $ 9379.51121871 29291234397.1 -2.12 %
2 Litecoin (LTC) $ 68.6382381813 5720089694.18 -1.62 %
3 Ethereum (ETH) $ 181.975638826 11767008363.1 -0.48 %
4 Veritaseum (VERI) $ 18.45 0 0.00 %
5 EOS (EOS) $ 4.206085936 3774755482.59 -0.25 %
6 Centra (CTR) $ 0.01471 0 0.00 %
7 DigiByte (DGB) $ 0.0062005626 942236.540577 0.00 %
8 AdEx (ADX) $ 0.05420 88877.21 -1.21 %
9 Humaniq (HMQ) $ 0.004962 14208.2208233 0.00 %
10 Private Instant Verified Transaction (PIVX) $ 0.2293 734764.276735 -3.14 %
11 XRP (XRP) $ 0.2412959304 1903216173.21 0.88 %
12 Bitshares (BTS) $ 0.0211442821 3198719.09431 -1.80 %
13 BitSwift (SWIFT) $ 0.4051 0 0.00 %
14 OmiseGo (OMG) $ 0.9035012009 73564679.2141 2.52 %
15 Sphere Coin (SPHR) $ 0.06553 0 0.00 %
16 Ethereum Classic (ETC) $ 11.5038562535 2965506879.02 -0.61 %
17 NEM (XEM) $ 0.0454819175 29553422.0555 0.00 %
18 Rivetz (RVT) $ 0.007995 9993 -20.90 %
19 MaidSafe Coin (MAID) $ 0.1110 1367484.96476 -0.32 %
20 FunFair (FUN) $ 0.003110 659876.996354 -2.81 %
21 Paragon (PRG) $ 0.01592 362.34112 -12.81 %
22 Stratis (STRAT) $ 0.3037 985978.792886 -0.12 %
23 NavCoin (NAV) $ 0.1015 659640.563461 -1.83 %
24 Rise (RISE) $ 0.002627 44551.98061 3.45 %
25 Verge (XVG) $ 0.0037872163 759364.83599 5.08 %
26 Reddcoin (RDD) $ 0.0007190 40259681.7228 25.00 %
27 TenX (PAY) $ 0.05483 456707.500823 -0.13 %
28 Waves (WAVES) $ 0.8912100364 82970286.3014 1.84 %
29 Lisk (LSK) $ 1.0365054837 6082448.73385 6.17 %
30 KickCoin (KICK) $ 0.0000969519 57571.4577545 5.26 %
31 Monero (XMR) $ 72.1346716882 107010674.883 0.86 %
32 Komodo (KMD) $ 0.6368109417 2702396.03471 3.95 %
33 BitcoinDark (BTCD) $ 22.00 0 0.00 %
34 Dash (DASH) $ 129.41 44110.8016989 2.43 %
35 Gnosis (GNO) $ 15.82 542.73541475 -0.64 %
36 Populous (PPT) $ 0.5442 589469.581183 5.01 %
37 NEO (NEO) $ 11.5080200258 470747259.833 7.02 %
38 BitConnect Coin (BCCOIN) $ 1.00 0 0.00 %
39 Tether (USDT) $ 1.0003916102 40283398497.6 0.00 %

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IRS draft tax form for crypto defines unhosted wallets as brokers

Cryptoslate 20 Apr 2024
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on ... However, Ledgible’s VP of Tax Information Reporting, Jessalyn Dean, noted an exception to the rule.
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Bitcoin spot ETFs experience five-day withdrawal streak as halving nears

Cryptopolitan 20 Apr 2024
Spot Bitcoin ETFs register significant outflows ... In the report, Grayscale’s GBTC accounted for the largest share of the total outflows ... Source ... According to a report by Matrixport, it noted that key liquidity drivers have slowed down for some weeks ... ....
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BREAKING: Bitcoin Halving 2024 Is Complete! Here’s What To Expect

Bitcoinist 20 Apr 2024
As reported on Bitcoinist weeks ago, several Bitcoin miners in the United States have been trying to adjust to the new life following the Bitcoin halving. The report mentioned how these firms are ...
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Bitcoin Transaction Fees Shoots Amid Launch of Runes Protocol

CoinGape 20 Apr 2024
Soon after the Bitcoin halving event triggered at the block height of 840,000, the Bitcoin transactions fee also shot up significantly ... Reportedly, Bitcoin miners are making a staggering $1 million on every Bitcoin block, says the report ... Wild ... ....
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Binance CEO Vows Cooperation With Nigerian Authorities In $35M Money Laundering Case

Bitcoinist 20 Apr 2024
According to a Reuters report, the Nigerian court has adjourned the case until May 2, as confirmed by the country’s anti-corruption body, the Economic and Financial Crimes Commission (EFCC).
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Bitcoin Halving Impact: Average Revenue Jumps to 21.74 BTC

Coin Edition 20 Apr 2024
Bitcoin halving was completed late on Friday, April 19, 2024. The average revenue per Bitcoin block reached 21.74 BTC shortly after the halving event ... Wu’s report comprised revenue fo… ....
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Blackrock Bitcoin ETF to Surpass Grayscale Soon; Just $2 Bln Gap Left

CoinGape 20 Apr 2024
Blackrock Bitcoin ETF has shattered records ever since it received the green signal from the SEC ... Blackrock Bitcoin ETF Inches Close to Surpass Grayscale ... Read Also ... Report Grayscale’s Capital Withdrawals ... Bitcoin ETF Set For a Steady Rise ... ....
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FTX investors agree to drop civil lawsuit against SBF if he snitches on celebrity promoters

Cryptoslate 20 Apr 2024
Bloomberg reported on April 19 that, under a proposed settlement, Bankman-Fried would cooperate against celebrity promoters named as defendants in a $1.3 million civil lawsuit ... SBF would provide information ... Past developments ... ....
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Shiba Inu Headed Toward Critical Support Threshold With 2 Trillion SHIB Buys

Bitcoinist 20 Apr 2024
Shiba Inu Establishes Support At $0.00001 ... Bitcoinist recently reported an anonymous whale who purchased 223 billion SHIB tokens after its price crashed to a low of $0.00001830 ... Shibarium Back In Business ... .
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Crypto Prices Today April 20: Bitcoin At $64K, Ethereum Nears $3100, SOL & XRP Recover

CoinGape 20 Apr 2024
The top crypto prices today registered a rebound as the Bitcoin (BTC) price surged past the $64,000 level. In addition, the Ethereum (ETH) price neared the $3,100 mark ... The Arweave price was up by 16.79% to $28.68 at the time of reporting ... ....
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Peter Schiff Teases Bitcoiners on Halving, Shares Cryptic Opinion

CoinGape 20 Apr 2024
The highly anticipated Bitcoin halving event concluded, marking a significant milestone in the cryptocurrency world. This event, which occurs once every four years, saw a programmed reduction in the creation rate of new BTCs. At 8.10 p.m ... Report ....
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Polkadot Unveils Major Upgrade Plan: Relay Chain Replacement And 10M DOT Prize Incentive

NewsBTC 20 Apr 2024
This announcement occurred during Wood’s presentation on Polkadot’s future at the Token2049 crypto conference in Dubai ... These upgrades are reportedly designed to optimize performance and scalability within the Polkadot network.
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Bitcoin ETF: BlackRock, Fidelity Shows Recovery Signs, GBTC Outflow Fall To $45M

CoinGape 20 Apr 2024
Spot Bitcoin ETFs Saw $60 Million Inflows. The total net inflow of spot Bitcoin ETFs was $59.7 million, according to data reported by Bloomberg and Farside Investors on April 20 ... The positive inflow came amid BTC price recovery ahead Bitcoin halving.
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Bitcoin Meme Coin: PUPS Pumps 20% On Whale Accumulation and Runes

CoinGape 20 Apr 2024
The ever-evolving world of cryptocurrencies once again witnessed a buzz today, April 19, as the Bitcoin meme coin PUPS (Ordinals) rallied nearly 20%, primarily aligning with a couple of bullish events amidst the BTC halving ... Report ... Also Read ... ....
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Grayscale Bitcoin ETF Sees Huge Outflows Ahead of Halving

Cryptopolitan 20 Apr 2024
Grayscale’s GBTC, a Bitcoin ETF, has seen an impressive $1.6billion outflow ... Grayscale Drops as BlackRock, Fidelity Entries Rise in Bitcoin ETF Market ... Doing so, the GBTC fund has high fund fees, reportedly at 1.5%, compared to its competitors.
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