Posts Tagged ‘Crypto Weakness Push Silver Higher’
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…
Will Crypto Weakness Push Silver Higher
Crypto down! Silver up? We think a growing forward trend is a combination of pressure on crypto currencies, particularly Bitcoin (Ethereum has software applications that work and becoming more popular so isn’t just a one trick pony like Bitcoin) with some of that flowing into precious metals, particularly silver. Why? If in fact there has…