Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows
Despite an upswing in mining problem on May 18, present knowledge tasks Bitcoin’s mining problem to see an additional escalation on May 31, 2023—doubtlessly leaping...
US Government Delays Tax Reporting Rules for Cryptocurrency Brokers
The enforcement of a requirement for brokers to report features made by crypto buyers has been postponed by the U.S. Treasury Department and the IRS....
Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25%
The Japanese yen is up 3.42% in opposition to the U.S. greenback on Tuesday because the Bank of Japan stunned the world by deciding to...
Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements
The Swiss monetary regulator has printed its up to date anti-money laundering (AML) ordinance, noting it’s extending the protection to incorporate blockchain buying and selling...
Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions
The main presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related earnings by means of exemptions....
Analyst Claims Bitcoin Will Break $40K Threshold, S2F Audit Shows BTC Could Tackle $85K by Year’s End
Bitcoin prices have been range-bound and consolidating for quite some time but jumped over 9% in the last 24 hours after Elon Musk’s tweet on...
Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May
Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of...