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.