IRS targets bitcoin
Those trading in digital currency in the US will soon be given more guidance on their tax reporting requirements. The Internal Revenue Service (IRS) has agreed to provide more information on this topic following a report from the Government Accountability Office (GAO), which highlighted current confusion surrounding digital currencies and tax. The GAO put the report to the IRS and recommended it find relatively low-cost ways to provide information to taxpayers on the basic tax reporting requirements for virtual currencies. In a response letter to the GAO, Stephen Miller, deputy....
Related News
The XRP price is nearing the final stages of an ABC correction, potentially setting the stage for a strong recovery. According to a crypto analyst, the XRP price may decline further before making a move to the upside. As the final leg unfolds, the altcoin may soon present new price targets for a compelling buying […]
Cardano (ADA) appears to be regaining bullish momentum after experiencing a sharp correction from recent highs. According to a recent analysis by a TradingView analyst, ADA may be getting ready for another major rally, with potential price targets pointing toward the $1 mark and beyond. Analyst Sees Cardano Breaking Past The $1 Target On May […]
Crypto pundit Investments CEO has provided a bullish case for the Dogecoin price, XRP, and Solana amid this market downtrend. He revealed his price targets for these cryptos, with each target marking a new all-time high (ATH) for them. Dogecoin Price To Hit $1, XRP To $6 And Solana To $1,000 In an X post, Investments CEO predicted that the Dogecoin price will hit $1, while XRP and Solana will reach $6 and $1,000, respectively. These targets would mark a new ATH for the Dogecoin price, XRP, and Solana, whose current highs are $0.74, $3.3, and $294, respectively. Meanwhile, the analyst also....
Yesterday, the Bitcoin price hit target, to the pip, at $465.00 on the Bitstamp chart. Despite good news from many continents that show continued growth in Bitcoin, the price continues to stagnate. As always, Bitcoin's position in the world is constantly changing. Analysis considers the possibilities at mid-month as we go into the weekend. Bitcoin Price Targets. For two weeks running, price has been hitting 1.618 extension targets in an alternating upside-downside pattern. The Bitstamp chart below shows the progression. An interesting feature of the progression is that the targets are....
Bitdefender, a cybersecurity and antivirus company, has detected BHUNT, a new kind of malware that targets cryptocurrency wallets via software installs. The malware works on top of installs of unsecured or cracked software, that already comes packaged with the system to be deployed on desktop environments. Once installed, the software extracts passphrases and seeds from popular wallets.
BHUNT Malware Spotted in the Wild
Bitdefender, a leading cybersecurity firm, has issued a report regarding a new kind of password stealer that focuses on cryptocurrency wallets users have on their....