IRS Classifies Crypto Staking Rewards As Taxable Income Upon Receipt

BanksterCrime: The Internal Revenue Service (IRS) has recently issued a ruling stating that United States cryptocurrency investors who receive rewards from staking services are required to include the value of those rewards in their gross income. On July 31, 2023, the IRS issued Revenue Ruling 2023-14, providing clarity on the tax implications for individuals engaging…

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SEC v. Coinbase: Judge Questions SEC’s Ability to Protect Investors

Judge Katherine Polk Faila of the U.S. District Court for the Southern District of New York recently held a pre-motion conference regarding the Securities and Exchange Commission’s (SEC) lawsuit against Coinbase. In their lawsuit filed in early June 2023, the regulator claims Coinbase violated securities laws by listing certain digital assets on its platform that they deem…

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Bitcoin Faces Backlash: Bank Of England Governor Expresses Disapproval–Satan Soldiers Will Never Agree to Cryptocurrencies–There Going to be a War

Bitcoin and other cryptocurrencies have long been a subject of debate and scrutiny within the financial world. Bank of England Governor Andrew Bailey recently added his voice to the conversation, expressing skepticism about their status as true currencies. In a speech delivered at the Financial and Professional Services Dinner in London, Bailey asserted that Bitcoin…

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