New crypto tax law takes effect in US

Starting January 1, 2024, a new U.S. tax law mandates individuals and businesses to report cryptocurrency transactions over $10,000 to the IRS within 15 days.

Failure to comply could result in felony charges. This regulation, part of the Infrastructure Investment and Jobs Act, applies to both individuals and businesses involved in crypto-related trade or business.

Join the Bitcoin.com News Telegram channel for the latest crypto news updates, sent straight to your phone!

Follow now

In the news

SEC still processing spot bitcoin ETF paperwork

Expectations are high for the SEC to approve spot bitcoin ETFs.

Despite rising bitcoin prices in anticipation, sources suggest the SEC still has considerable paperwork to review.

Michael Saylor selling Microstrategy shares to buy more Bitcoin
Michael Saylor plans to sell 315,000 shares of his company's stock, valued at approximately $216 million.

Saylor intends to use some of the proceeds from this sale to purchase more Bitcoin for his personal holdings.

Jim Cramer: Bitcoin can't be killed — It's a technological marvel
Jim Cramer, known for his previously mixed stance on Bitcoin, has recently made bullish statements about the cryptocurrency.

During a CNBC segment, Cramer recognized Bitcoin as a "technological marvel" and emphasized its resilience, stating, "This thing, you can't kill it."

Sponsored by GAIMIN

GAIMIN selected by CoinMarketCap as Incubatee of Web3 Accelerator Program

In readiness for the listing of GMRX, CMC and GAIMIN will work together for a successful launch and future strategy for GAIMIN's utility token. GAIMIN will benefit from CMC's knowledge and expertise and CMC branding will be prominently displayed on the merchandise and social media posts from Gaimin Gladiators, GAIMIN's world-class esports organization. See www.gaimin.io