Crypto Tax Crackdown Looms as IRS Warning Letters Surge
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The Internal Revenue Service (IRS) has significantly increased the number of warning letters sent to crypto investors, causing anxiety among users. This uptick is seen as a precursor to a broader enforcement initiative, especially with new 1099-DA regulations set to take effect next year. Looming Enforcement Wave Warning letters sent to crypto investors by the […]

Metaplanet Acquires Additional 1,234 Bitcoin, Total Holdings Reach 12,345 BTC
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Metaplanet (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company based in Japan, has announced the acquisition of an additional 1,234 bitcoin as part of its ongoing Bitcoin Treasury Operations, bringing its total holdings to 12,345 BTC. The latest purchase was made at an average price of 15,617,281 yen per bitcoin, […]

Crypto Crunch: Why One of Britain’s Biggest Banks Is Saying No to Digital Assets
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Starting June 27, Barclays will prohibit cryptocurrency transactions using Barclaycard credit cards, citing risks associated with purchasing cryptocurrencies. Barclays Cites Cryptocurrency Volatility Effective June 27, Barclays clients will no longer be able to conduct cryptocurrency transactions using Barclaycard credit cards. The bank stated it made this decision because “there are certain risks with purchasing crypto-currencies.” […]