The IRS is watching. Closely. And they’re not just tourists watching the whales anymore. They're coming for your crypto.Scrutiny Equals Innovation KillerWe've seen this movie before. Each time a potential new technology appears, the regulators are in the water like sharks smelling blood. This new IRS scrutiny as shown by...
That’s about to change, as the Internal Revenue Service (IRS) significantly increases the enforcement of cryptocurrency investments. This action provides a powerful signal to investors on the importance of correct tax disclosure. This year, we have data that indicates a historic spike in these warning letters. Its distribution has increased...
Uncle Sam’s coming for your crypto, Southeast Asia. The IRS is increasing its crackdown, recently mailing thousands of letters warning cryptocurrency holders that they may owe taxes on their holdings. Not only are they taking on Goliath, they’re using their financial clout to play on a global scale. But Southeast...
Introduction to the TopicCryptocurrency adoption has skyrocketed over the past few years, bringing with it a new level of scrutiny from tax authorities. The IRS has dispatched hundreds of notices to individuals involved in crypto transactions, indicating a crackdown on crypto tax compliance. It's no longer a question of if...
The United States Senate recently convened a hearing on the growing universe of cryptocurrency. In doing so, they highlighted the desperate need for regulation in this emerging frontier. Here are some of the most important highlights that emerged through the conversations. They each noted the challenges, opportunities, and possible future...
The market of cryptocurrency day trading is a whirlwind, chaotic and always on the move. Quick reflexes, and even quicker algorithms. Thanks to new, advanced AI tools such as ChatGPT and Grok, traders are experiencing the most powerful insight and automation they’ve ever seen. Kwame Nkosi, a blockchain commentator, balances...
Let’s face it, the crypto community can’t resist an exciting hype train. Right now, the AI-powered trading locomotive is barreling down the tracks, with Grok and ChatGPT as its star conductors. Well before you decide to mortgage your home and give Uber all your assets, let’s slow down a moment...
You know, sometimes I feel like I'm watching a rerun of an old movie, only this time, it's playing out in the halls of Congress. The Senate Banking Committee’s recent hearing on the need for comprehensive crypto regulation. It was a bit like a Broadway show. Rather than earnestly seeking...
The recent Senate Banking Committee hearing on regulating the crypto space? If I’m being truthful, it was more like seeing a train wreck go down in slow motion. While senators debated the nuances of defining a digital asset – is it a security, a commodity, or something else entirely? –...
Forget about Wall Street, the exciting disruptor in crypto day trading is cooking up in the crowded streets of Southeast Asia. I'm not talking about hedge fund managers with Bloomberg terminals; I'm talking about the everyday person – the small business owner in Jakarta, the student in Kuala Lumpur, the...
The Senate Banking Committee met recently to discuss the rapidly growing, but highly confusing, world of crypto regulation. This upcoming meeting could not be more important at this moment in history. American consumers are losing billions to crypto scams as well, and the U.S. is lagging other countries in establishing...
You think you know stablecoins. Tether, USDC – the usual suspects. Big market caps, widespread adoption. Comforting, right? Wrong. As all eyes are on these titans, a more quiet revolution is in the making. Looking forward to seeing you there! This lack of attention is robbing you of big future...