Releases

IRS Releases Draft of 2025 Digital Asset Reporting Form for US Taxpayers

IRS Releases Draft of 2025 Digital Asset Reporting Form for US Taxpayers

Last updated: April 20, 2024 12:00 EDT | 2 min read The United States Internal Revenue Service (IRS) has recently released a draft of Form 1099-DA for reporting income derived from digital asset transactions.  Titled “Digital Asset Proceeds from Broker Transactions,” the form is expected to be implemented in 2025 for reporting purposes in 2026. Under the […]

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Binance Releases an Important Update Affecting Shiba Inu (SHIB) and Bonk Inu (BONK) Traders

Binance Releases an Important Update Affecting Shiba Inu (SHIB) and Bonk Inu (BONK) Traders

TL;DR Binance, the world’s largest cryptocurrency exchange by trading volume, announced plans to reduce the minimum order size for various spot and margin trading pairs, including SHIB/USDT, SHIB/EUR, BONK/USDT, and others, with the changes taking effect on December 22. The minimum order size for pairs like SHIB/USDT will be lowered from 5 USDT to 1

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Tether Releases Letters Sent to US Senate Committee: Details

Tether Releases Letters Sent to US Senate Committee: Details

Tether, the company behind the largest stablecoin, has released the two letters it had sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. The letters are specifically addressed to pro-Bitcoin Senator Cynthia Lummis and Rep. French Hill. The main goal of Tether’s letters is to address issues

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NYDFS Releases Guidance on Listing and Delisting of Crypto Assets

NYDFS Releases Guidance on Listing and Delisting of Crypto Assets

The New York State Department of Financial Services (NYDFS) has published a set of new rules guiding the listing and delisting of digital assets to ensure the activities of crypto firms protect investors from financial harm. According to an official post from the department, the new guidance is effective immediately and will replace older standards

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