Author: American Coins & Gold

IRS Shares New Crypto Tax Form, Invites Industry Input
The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA.

Crypto Needs to Radically Rethink Token Distribution
The prevailing “low float, high FDV” model can generate significant initial interest in project but benefits tend to disintegrate in the long-term, says Lava Network’s Ethan Luc.

What the NYT and Washington Post Op-Eds Get Wrong About Crypto
It’s long past time for critics to look past their biases and recognize the reality of the digital assets industry, say Sheila Warren and Justin Slaughter.

Ripple Begins Testing Its Stablecoin on Ethereum and XRP Ledger
The company said it will use both Ripple USD (RLUSD) and XRP for cross-border payments services.

Protocol Village: Greyscale AI Goes Live on Casper, Cubist Adds Key Management Support for Bitcoin

CoinDesk 20 Performance Update: XRP's 7.8% Decline Weighs on Index
APT gained 3.9% and BCH rose 2.7%, helping to balance out XRP’s losses.

Bitcoin's 12% Price Rally on Thursday Was The Biggest Since February 2022
Risk assets stabilized as upbeat weekly U.S. jobs data eased recession concerns.

First Mover Americas: Bitcoin Reclaims K, Bulls Revisit 0K Target
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Here's Why XRP Whales May Prefer U.S. Exchanges Over Offshore Venues
XRP’s order book on U.S. exchanges is 30% more liquid than offshore platforms.

Bitcoin Bulls Revisit 0K Year-End Target as BTC Spikes Over K
“Regardless of the next 60 days, the bull market will continue along traditional four-year cycle lines with solid gains in October and November,” one trader said.