Category: Uncategorized

Ex-Polygon Veteran Wyatt Joins Optimism Foundation Unit in Growth Role
Wyatt, who previously served as president at Polygon Labs and had a stint at YouTube, joins as chief growth officer, where he will be in charge of helping developers build across Optimism’s ecosystem of blockchains.

Ethereum Wallet Drainer Steals M in Six Months
Hackers that stole more than $60 million worth of crypto in six months are using a piece of code to bypass security alerts after maliciously gaining access to a private key.

The IRS Is Making Crypto Compliance Impossible
The 6045 digital asset broker regulations are likely to greatly increase the cost of filing your crypto taxes, says Kirk David Phillips, CPA.

Cboe Digital to Launch Margined Futures for Bitcoin, Ether
CBOE Digital, the crypto arm of the Chicago Board of Options Exchange, said it will list margined bitcoin and ether futures on Jan. 11.

The IRS Should Offer a Free Tax Reporting Tool to DeFi Users
Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial “broker rule.”

Crypto Tax Basics: A 101 for Beginners
Everything you need to know, courtesy of Jaimin Desai, CEO & Co-Founder of Reconcile, a tax optimization platform helping investors, business owners and high-income earners pay less tax.

The IRS Should Heed This Warning

The Tax Implications of Sam Bankman-Fried’s Conviction
The end of the trial provides some clarity for FTX customers as to how the company’s bankruptcy might affect their taxes. But how the IRS might act in the context of illegal activity is unclear.

Asia Fund Picks Up Majority Stake in The Block, Buys Out Shares Tied to Sam Bankman-Fried Loan
Singaporean venture capital firm Foresight Ventures has bought a majority stake in The Block, with the crypto media outlet being valued at $70 million.

IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal
The U.S. Internal Revenue Service (IRS) is gathering the final words now from a crypto sector that is arguing the agency’s proposal for a digital-assets taxation regime is an existential threat to investor privacy and to decentralized crypto projects.