IRS Doubles Down on Immediate Staking Rewards Tax Stance
The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines. In a recent filing related to an ongoing lawsuit, the service argues that the...
XRP Market Update: $123 Billion Market Cap Hangs in the Balance
XRP’s price is currently chilling at $2.14, having dipped 1.1% in the last 24 hours. With a market cap of $123 billion, it ranks fourth behind tether (USDT), boasts a global trade volume of $5 billion, and has been bouncing between $2.13 and $2.23 today. XRP...
Report: Montenegro Agrees to Extradite Terraform Labs’ Do Kwon to the US
Montenegro has greenlit the extradition of Terraform Labs co-founder Do Kwon to the United States, possibly settling a tug-of-war between the U.S. and South Korea, according to Bloomberg. Do Kwon’s U.S. Extradition Approved Amid Fraud Charges Montenegro’s Justice...
Michael Saylor Shares Top 60 Bitcoin-Holding Companies—Who’s Quietly Stockpiling BTC?
Corporations are fueling the bitcoin boom, with top 60 public companies amassing 591,368 BTC—Microstrategy dominating the list with an unrivaled 444,262 bitcoins. Top 60 Bitcoin-Holding Corporations—The Hidden Titans Fueling the BTC Boom...Interesting 13
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