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Bitcoin News
Coin Telegraph
4w
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Tax season vs tax year: What’s the difference?
- A tax year is the 12-month period in which your income, deductions, and credits are recorded for tax purposes, which can differ from the calendar year in some cases.
- Understanding the tax year is essential for accurate tax reporting and ensuring compliance with tax laws.
- In the U.S., the tax year runs from Jan. 1 to Dec. 31, and any income earned during that period is reported in the following year's tax return.
- Tax season is the official window for individuals and businesses to file their tax returns for the previous tax year, typically lasting from late January to April 15 in the U.S.
- Filing taxes during the designated tax season is crucial to avoid penalties and interest charges for late submissions.
- During tax season, taxpayers gather necessary documents like W-2 forms and 1099s to finalize deductions and ensure accurate tax filings.
- Some businesses and individuals may choose a fiscal year that does not align with the calendar year, such as running from July 1 to June 30.
- Cryptocurrency taxation often follows similar principles to traditional assets, with tax years typically aligning with the calendar year and certain exceptions for crypto-specific rules.
- Common mistakes to avoid when reporting crypto taxes include failing to report all transactions, confusing capital gains with income, and not maintaining proper records.
- Countries like Portugal, Singapore, Germany, Switzerland, and the UAE offer low or zero crypto tax environments to attract investors seeking favorable tax treatment for digital assets.
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Bitcoinsensus
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4
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US Senate Advances Stablecoin Bill & What This Means for Crypto: The Toobit Take
- The US Senate Banking Committee's advancement of the GENIUS Act for stablecoin regulation signals a significant step towards integrating digital assets into the financial system.
- This bipartisan effort aims to establish a comprehensive framework for stablecoins, paving the way for their mainstream adoption and legitimization.
- The bill addresses regulatory uncertainty in the crypto industry, potentially encouraging more companies to operate within the U.S. rather than moving overseas.
- Proponents believe the legislation strikes a balance between innovation and consumer protection, providing clear guidelines for stablecoin issuers.
- Critics express concerns over a potential Big Tech takeover of the stablecoin market and inadequate consumer protection under the bill.
- Stablecoins offer faster and more inclusive payment options, revolutionizing transactions and financial access for the unbanked and underbanked.
- The industry has shown mixed reactions to the proposed legislation, with some viewing it as a positive step towards mainstream adoption and others fearing stifled innovation.
- The advancement of the GENIUS Act underscores the evolving landscape of cryptocurrency regulation, with implications for the future of digital assets in the U.S.
- A clear legal framework for stablecoins could attract more investors and users, solidifying their role in modern finance.
- Toobit Exchange, a prominent platform for crypto trading, provides tools to enhance trading experiences and stay updated on the latest crypto news and developments.
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Livebitcoinnews
4w
128
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Circle’s USDC Becomes First Approved Stablecoin in Japan
- Circle’s USDC becomes the first approved stablecoin in Japan
- Circle expands in Japan through strategic partnership with SBI Holdings
- Japan’s financial regulator grants USDC official approval
- Major crypto exchanges in Japan to list USDC
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Coindoo
4w
403
Image Credit: Coindoo
CRO Faces Backlash But Trump Deal Boosts Price
- The reissuance of tokens by Crypto.com has sparked controversy within the crypto community, facing backlash for breaking a promise made to permanently burn the tokens.
- The partnership between Crypto.com and Trump Media and Technology Group has led to questions regarding the choice of exchange and concerns about the integrity and transparency of CRO.
- The reissue of a large quantity of tokens raised concerns and caused a dip in the value of CRO, but the partnership with Trump's media company temporarily boosted its price.
- CRO experienced a 30% surge in value over 24 hours, reaching $0.10.
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Coin Telegraph
4w
8
Image Credit: Coin Telegraph
Bitcoin sets sights on ‘spoofy’ $90K resistance in new BTC price boost
- Bitcoin (BTC) passes $88,000 as risk assets react to trade tariffs.
- BTC price gains anticipate a classic April comeback in the market.
- Traders focus on the $90,000 resistance mark for BTC.
- Sell-side liquidity just below $90,000 contributes to the resistance.
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Cryptopotato
4w
345
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Mt Gox Makes Another Billion-Dollar Bitcoin Move, More Payouts on the Way?
- Defunct crypto exchange Mt Gox moves 11,501 BTC worth $1.01 billion from one wallet to another.
- Unclear if the move is part of repayment efforts or internal asset shuffling.
- Creditor repayments deadline extended to October 31, 2025, with more funds potentially being moved to exchanges.
- Large transfers from Mt Gox trigger price declines, potential selling pressure from creditors could lead to further dips.
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Newsbtc
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BNB Bounces Back: Uptrend Resumes After A Healthy Pullback
- After a brief pullback, BNB is bouncing back and resuming its uptrend.
- The recent pullback allowed for a healthy reset and provided strong support for the next move.
- BNB is now pushing towards key resistance levels, indicating a potential move to new highs.
- However, failure at critical resistance levels and weak trading volume pose risks to the current uptrend.
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Bitcoinist
4w
225
Image Credit: Bitcoinist
Bitcoin Goes Mainstream—IMF Integrates Crypto Into Global Standards
- The International Monetary Fund (IMF) has issued regulations to monitor Bitcoin and other virtual currencies.
- The IMF has created a new framework with more than 160 nations to fill gaps in monitoring digital asset flows.
- A comprehensive classification system for cryptocurrencies has been proposed, with Bitcoin being classified as a non-produced, non-financial asset.
- The regulations aim to bring transparency to how different nations manage digital assets and allow for tracking and reporting of cryptocurrency transactions across borders.
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Livebitcoinnews
4w
434
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Cardano’s April Forecast: Which AI Crypto Could Be the Next Big Gainer After ADA’s Dip
- Cardano (ADA) has faced a dip in price, raising concerns about its short-term performance.
- Investors seeking faster gains are looking into AI-powered cryptocurrencies, with Ozak AI leading the charge as a potential big gainer.
- Ozak AI leverages artificial intelligence to offer predictive analytics, automated trading tools, and decentralized data solutions.
- Ozak AI presents an opportunity for early investors, expected to reach $1 in the near future, making it a standout investment.
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TheNewsCrypto
4w
155
Image Credit: TheNewsCrypto
20 Years Ago, the Best Investment Was Amazon Stock—10 Years Ago, It Was Bitcoin (BTC). Today, the Best Investment Is
- Amazon Stock AI Investments Spark Short-Term Volatility
- Bitcoin Price Fluctuations as Market Consolidates
- Rexas Finance (RXS) The Future of Real-World Asset Tokenization
- Investors are looking for the next major opportunity today, and blockchain-based asset tokenization is emerging as a strong contender.
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Coin Telegraph
4w
93
Image Credit: Coin Telegraph
CME Group taps Google Cloud for pilot asset tokenization program
- US derivatives exchange operator CME Group is piloting solutions for tokenized assets using Google Cloud Universal Ledger (GCUL).
- CME Group aims to improve capital market efficiency and wholesale payments by integrating GCUL.
- The partnership between CME Group and Google Cloud will begin testing the technology with market participants in 2026.
- Tokenization of assets, converting real-world and financial assets into digital tokens, has generated significant interest from major institutions.
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Livebitcoinnews
4w
164
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The Biggest AI Crypto Market Movers of the Week: Who’s Leading and Who’s Losing?
- Ozak AI (OZ) has emerged as a promising player in the AI crypto market, delivering real-world applications and showing strong investor confidence.
- SingularityNET (AGIX) remains a dominant player in the AI crypto sector, despite facing volatility in its price.
- Fetch.ai (FET) is struggling to maintain its bullish momentum as it faces market uncertainty and competition from other AI cryptos.
- As AI-powered cryptocurrencies continue to evolve, real-world application and innovation are expected to drive the next wave of growth in the market.
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Coindoo
4w
358
Image Credit: Coindoo
Billion-Dollar Bitcoin Whale Accumulates Again – What’s Next for BTC?
- A billion-dollar Bitcoin whale recently accumulated more BTC, signaling a potential market upswing.
- On-chain data shows this whale holds an estimated $1.34 billion in Bitcoin, making it one of the largest individual holders in the crypto space.
- The identity of the whale remains unknown, with speculation regarding whether it represents an institutional player or an early Bitcoin adopter.
- This accumulation aligns with a broader trend of large investors accumulating Bitcoin, indicating growing optimism for its future price movement.
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Livebitcoinnews
4w
296
Image Credit: Livebitcoinnews
BlackRock Introduces Bitcoin ETP in Europe
- BlackRock, the world’s largest asset manager, is launching a Bitcoin exchange-traded product (ETP) in Europe.
- BlackRock offers reduced fees to attract investors to its Bitcoin ETP.
- BlackRock's Bitcoin ETF IBIT surpasses $50 billion in assets.
- The European listing of BlackRock's Bitcoin ETP aims to establish Bitcoin as a major financial asset.
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Zycrypto
4w
367
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Bitcoin Price Unfazed As Long-Bankrupt Exchange Mt. Gox Makes $1 Billion BTC Transfer
- Mt. Gox, the long-defunct Japanese crypto exchange, transferred a significant amount of Bitcoin (BTC) to two wallets.
- This is the third notable movement of funds by Mt. Gox in order to resolve outstanding compensation claims from former users who lost assets during its 2014 hack.
- The latest transfer of 10,608.16 Bitcoin has not affected the spot price so far.
- Mt. Gox, once the most popular platform for Bitcoin trading, lost 850,000 Bitcoins in a security breach in 2014 and retains 35,583 Bitcoin in its wallets.
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