Credit Karma: Almost No One Is Reporting Crypto Tax Gains Tax firm Credit Karma reported that less than 1 in 250 users reported cryptocurrency gains or losses on their tax forms.… Read More
CabbageTech CEO Concedes in CFTC Crypto Fraud Suit CabbageTech CEO Patrick McDonnell has ceased his fight with the CFTC, potentially affirming the regulator’s power to oversee cryptos as commodities.… Read More
NY Regulator Argues BitLicense Regulation Boosted Businesses Maria Vullo highlighted the state’s early involvement in cryptocurrency. But many think New York’s BitLicense desperately needs an overhaul.… Read More
Lawsuit Alleges JPMorgan Chase Overcharged Crypto Buyers An Idaho resident has sued the bank on behalf of “hundreds or thousands” of affected cryptocurrency investors.… Read More
Making the Most of Crypto Mining Tax Breaks From depreciation of rig equipment to a second reporting and tax requirement after mined coins are sold, tax rules for miners can get complicated. … Read More
Ontario Regulator ‘Gathering Information’ on Crypto Trading Platforms The province’s securities regulator is gathering information after receiving numerous complaints.… Read More
How to Defend Yourself Against Pump-and-Dump Crypto Scams Until regulators come up with rules to curb pump-and-dump schemes, investors need to be extra cautious so they don’t get taken for a ride. … Read More
SEC Sues Public Company That Saw Crypto Stock Price Boost A publicly traded company that saw its stock price soar after announcing a crypto startup acquisition has been sued by the SEC.… Read More
Most Cryptos Aren’t Commodities, Defendants Claim in CFTC Case Defendants from My Big Coin Pay, which is being sued by the CFTC for fraud, argue that the agency lacks jurisdiction over the case. … Read More
Arizona’s Governor Signs Latest Blockchain Bill Into Law Arizona’s governor has signed a new bill into law, enabling corporations to legally store information on a blockchain-based platform.… Read More