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Cryptocurrency News
Coin Telegraph
1d
257
Image Credit: Coin Telegraph
How to handle crypto trading gains and losses on your balance sheet
- Properly accounting for crypto assets on your balance sheet is crucial for accurate tax reporting and financial transparency.
- Crypto trading activities should be recorded similar to stock trading, at fair market value on the day of purchase.
- In some countries like the US, crypto losses can offset gains, emphasizing the importance of tracking gains and losses for tax benefits.
- Treating cryptocurrencies as assets and documenting them is essential for compliance with tax laws and minimizing errors.
- Balance sheets play a vital role in understanding financial health, reporting taxes, attracting investors, and complying with regulations.
- Properly accounting for crypto gains and losses, understanding tax implications, and balancing assets are key aspects for individuals and businesses.
- When buying cryptocurrency with fiat money, record it at fair market value on the day of purchase and reflect on the balance sheet like stock trading.
- When selling cryptocurrency for fiat money, gains or losses should be recorded carefully for tax and reporting purposes.
- Crypto losses can lower taxable income in some countries, urging proper documentation and tracking of gains and losses.
- Staying organized, documenting all transactions, and consulting professionals for complex matters like Ethereum transactions are crucial for accurate crypto accounting.
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Pymnts
1d
246
Image Credit: Pymnts
Binance and Pix Team to Drive Instant Crypto Payments in Brazil
- Binance has integrated its payment solution with Pix, Brazil’s instant payment system, allowing people to use Binance Pay and Pix for instant payments in the local currency using cryptocurrencies.
- This integration is the first time Binance Pay has been integrated into a national payment system in the world, making cryptocurrencies more accessible and usable in everyday life for users in Brazil.
- Users in Brazil can make instant transfers and payments from their Binance accounts to any bank account or pay merchants accepting Pix, with transactions completed in seconds and supporting more than 100 cryptocurrencies.
- The rise of Pix in Brazil reflects a broader trend in Latin America towards digital payments, driven by the increasing use of mobile wallets and real-time payment systems, with cash rapidly losing ground as consumers shift to digital payments.
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Coindoo
1d
11
Image Credit: Coindoo
3X Tokens NOW! Best Cryptos for Beginners Include BTFD’s $300-to-$27K Opportunity, GOAT’s Pump, and SLERF’s Surge
- Three meme coins, BTFD Coin, Goatseus Maximus, and SLERF, are gaining attention in the crypto market for price moves, presales, and community hype.
- BTFD Coin is offering a 200% bonus in its meme coin presale before May 26, with analysts predicting potential significant gains.
- The Bulls Squad of BTFD Coin is driving momentum, aiming for a $0.006 target and offering a high ROI potential.
- Goatseus Maximus, with a market cap of $159 million, is making waves in the meme coin heavyweight division, showing strong trading volume and potential for a bigger run.
- SLERF, priced at $0.085484, is garnering attention for its steady rise and potential breakout above $0.10, appealing to both retail and pro investors.
- For beginners, BTFD Coin, Goatseus Maximus, and SLERF offer different moonshot potentials, with BTFD's 200% bonus creating a sense of urgency before its launch on May 27.
- BTFD Coin's bonus code 'LAUNCH200' triples tokens and presents an investment opportunity with high returns, making it a standout choice for newcomers in the crypto space.
- Readers are advised to conduct their research before engaging with any cryptocurrency-related content or actions to mitigate potential risks or losses.
- The market's attention is on these three coins, each offering unique features and potential gains, with BTFD Coin's presale offering a limited-time opportunity for investors.
- As the crypto market evolves rapidly, staying informed about emerging projects and conducting due diligence is crucial for investors looking to capitalize on potential opportunities.
- To maximize gains and stay ahead in the ever-changing crypto landscape, understanding market trends, conducting research, and being proactive in investment decisions are essential.
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Cryptopotato
1d
307
Image Credit: Cryptopotato
Metaplanet Faces Major Short Squeeze as Bitcoin Bet Defies Bears
- Metaplanet Inc., Asia’s leading Bitcoin treasury company, is Japan’s most shorted stock with over 25% of shares borrowed for short positions.
- Metaplanet reported record revenue of ¥877 million in Q1, with 88% attributed to its Bitcoin strategy and holdings of 7,800 BTC valued at over $800 million.
- Short sellers underestimated retail and institutional momentum, leading to a potential slow-motion squeeze for Metaplanet stock, which saw consecutive daily limit-up halts on the Tokyo Stock Exchange.
- Backed by Bitcoin, Metaplanet is garnering support from Bitcoiners and could intensify the short squeeze if retail investors join the rally, similar to the GameStop frenzy of 2021.
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Pymnts
1d
53
Image Credit: Pymnts
Circle Launches Stablecoin-Powered Cross-Border Payments Network and Announces Early Adopters
- The Circle Payments Network (CPN) designed for mainstream cross-border payments using stablecoins is now live.
- CPN supports various types of payments like B2B supplier payments, cross-border remittances, and payroll disbursements.
- Early adopters of CPN include Alfred Pay, Tazapay, RedotPay, and Conduit for various payment use cases.
- Circle aims for interoperability, compliance, speed, and cost-efficiency in global payments infrastructure with the launch of CPN.
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TheNewsCrypto
1d
98
After an 18% Spike, Will This Rally Rewrite the MUBARAK Charts?
- MUBARAK is trading around $0.061 after an 18% jump with a surge in daily trading volume by over 49%.
- The bullish momentum in the crypto market has led to MUBARAK's solid jump of over 18.02% in the last 24 hours, reaching a peak of $0.06314.
- At the time of writing, MUBARAK traded around $0.06109 range with a market cap of $61.05 million and a 49.40% increase in daily trading volume.
- MUBARAK's bullish shift has the potential to lead the price towards a resistance range of $0.06106 and possibly initiate a rally towards the $0.063 level, supported by various technical indicators showing bullish sentiment.
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TronWeekly
1d
15
Image Credit: TronWeekly
Dogecoin Eyes $0.30 as Bullish Flag Pattern Signals Breakout Potential
- Dogecoin rebounded to $0.226 on May 21 following a dip from a high of $0.24.
- Bullish flag and triangle patterns suggest breakout targets between $0.30 and $0.37.
- 200-day EMA at $0.21 holds firm; RSI at 59 signals room for further upside.
- On-chain data indicates positive sentiment, with uptick in activity among dormant addresses and positive funding rates for Dogecoin.
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Cryptopotato
1d
117
Image Credit: Cryptopotato
Is Pi Network (PI) The Biggest Crypto Scam of 2025 or Just Controversial? (Detailed Investigation)
- Pi Network, a project in existence for five years, recently launched its native token amid controversy and popularity.
- Garland on X conducted an investigation claiming Pi Network to be a massive scam with red flags like data leaks and criticisms from industry figures.
- The project's token saw extreme price volatility, reaching an all-time high before collapsing, with accusations of team manipulation leading to sell-offs.
- Garland concluded that Pi Network distracts with promises while insiders drain liquidity, raising questions about the project's legitimacy.
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Kraken
1d
41
Image Credit: Kraken
Kraken Custody launches USDG Rewards Program for institutional and high-net-worth clients
- Kraken Custody has launched the USDG Rewards Program for institutional and high-net-worth clients, offering rewards on USDG stablecoin held in custody.
- Enrollment for the program is automatic for clients holding or pledging USDG within custody, with rewards distributed monthly into custody vaults.
- The program operates within Kraken Custody's qualified custody model under Kraken Financial's SPDI framework, ensuring regulatory compliance and asset segregation.
- Kraken Custody now also supports custody for SOL and XRP, providing broader asset access with high compliance standards for institutional clients.
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Pymnts
1d
367
Image Credit: Pymnts
Unicoin Crypto Exchange Charged in $100 Million Fraud
- Federal regulators charged cryptocurrency exchange Unicoin and three executives for defrauding investors by making false statements and misleading promises.
- Unicoin received over $100 million from thousands of investors by falsely claiming its tokens would be backed by valuable real estate assets.
- The executives facing charges are Unicoin CEO Alex Konanykhin, former president Silvina Moschini, and former chief investment officer Alex Dominguez.
- The SEC seeks penalties including injunctive relief, disgorgement of gains, civil penalties, and officer-and-director bars against the Unicoin executives.
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Coindoo
1d
231
Image Credit: Coindoo
Aave & Compound Thrive in DeFi, But Unstaked Wins Over Retail With Real AI Utility
- Aave and Compound have long been dominant in DeFi due to strong records and high value locked within their systems, attracting large financial players.
- Aave surpassed $40 billion in total value locked, driven by growing user deposits and demand for lending solutions, particularly fueled by Ether and its derivatives.
- Compound utilizes smart rate adjustments and a governance model for its lending platform, showcasing efficiency and active user participation.
- Unstaked emerges as a user-friendly retail crypto with practical tools, task rewards, and AI agents for interaction, focusing on usability, accessibility, and active contribution.
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Bravenewcoin
1d
220
Image Credit: Bravenewcoin
Pepe Coin (PEPE) Price Prediction: PEPE Eyes $0.000027 Target as Double Bottom and Golden Cross Fuel Bullish Momentum
- PEPE coin is showing bullish momentum with the formation of a double-bottom pattern and a golden cross between the 50-day and 200-day moving averages.
- Market analysts predict PEPE could reach $0.000027 in the coming weeks, currently trading near $0.0000144 with a significant gain over the past month.
- Whale accumulation and volume surge indicate long-term confidence in PEPE, with trading volume exceeding $880 million daily.
- Short-term projections suggest PEPE could hit $0.000030 by June and potentially peak at $0.000046 in the summer, supported by strong technical fundamentals.
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Crypto-News-Flash
1d
273
Image Credit: Crypto-News-Flash
Meet Paul Sztorc, the Mind Behind Bitcoin Drivechain
- Paul Sztorc created Drivechain to expand Bitcoin’s use without changing its core foundation.
- Despite facing criticism, Paul advocates for flexible Bitcoin innovation and the development of Drivechain.
- Drivechain aims to enable Bitcoin to incorporate features like smart contracts and tokens on sidechains without altering its core principles.
- Paul remains committed to advancing Drivechain as a bridge for innovation, although his ideas have encountered resistance in the Bitcoin community.
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Bravenewcoin
1d
117
Image Credit: Bravenewcoin
Wanchain unveils first-ever cross-chain bridge connecting VeChain to Ethereum, Bitcoin, Solana and more
- Wanchain has unveiled the first-ever cross-chain bridge connecting VeChain to Ethereum, Bitcoin, Solana, and more.
- The integration allows the transfer of assets like ETH, USDC, USDT, VET, BTC, SOL, XRP, and WAN between various blockchains.
- The new bridge integration is anticipated to enhance cross-chain connectivity and drive innovation in tokenized commerce and global payment integration.
- The move is expected to boost growth within VeChain's DeFi ecosystem, offering enterprises the ability to settle payments in trusted digital currencies and introducing stablecoin liquidity for decentralized finance.
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