CoinCenter, a leading industry advocacy group, announced that new Bitcoin tax reporting requirements will now go into effect on New Year’s Day (CoinCenter made them public the following day). The new rules require individuals who receive at least $10,000 worth of cryptocurrency to disclose transaction details to the IRS. Additionally, taxpayers are asked for transaction and sender details (including name, address, and Social Security number). The information must include specific details such as amount, date, and nature of the transaction. CoinCenter also stated that the new rules are self-executing, making them effective and enforceable automatically without any additional steps.…
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Currently https://bitcoinfees.net displays the following chart: Therefore, 55 – 57 sat/vB is required for a transfer to occur in approximately 1 hour. How do I interpret this chart? For example, what is the fee for a 1-to-1 transfer? Or, if I am transferring from 2 wallets to 400 wallets, what is the fee per wallet (assuming that for 400 wallets the fee is split equally per wallet). So one wallet can receive $10 USD worth of BTC and the other wallet can receive BTC. One person can receive US$400). (This is a scenario for how mining pools pay miners.)
Bitget Lists Community-Owned Layer 2 ZKfair (ZKF) in Innovation Area – Chainwire housenewsroomBitget Lists Community-Owned Layer 2 ZKfair (ZKF) in Innovation Zone We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is…
The number of ‘Buy The Dip’ mentions on social media rose to 323, the highest since March 25, 2022, according to data tracked by blockchain analytics platform Santiment show. The surge came as the price of Bitcoin plummeted to $41,000 in a matter of hours, shaking up the market’s excessive leverage.
The world of cryptocurrency is constantly evolving, with new players entering the market all the time. One cryptocurrency that is making waves in the industry is Monero. Dubbed an “untraceable” cryptocurrency, Monero is changing the game with its focus on user privacy and security. What is Monero? Monero is a decentralized open source cryptocurrency created in April 2014. Unlike other cryptocurrencies such as Bitcoin, Monero focuses on privacy, anonymity, and fungibility. This means that transactions made with Monero are untraceable and unlinkable, providing users with a high level of privacy. How does Monero work? Monero uses a technology called ring…
January 3, 2024, New York, USA, Chainwire PawFury’s brings gaming enthusiasts to the forefront of Play-to-Earn innovation with the recently launched $PawFactory. Users are invited into a world where their gaming skills and investment knowledge are equally rewarded. PawFury’s live presale offers more than just a game pass. This is your portal opportunity to get bonuses of up to 149%. This event allows enthusiasts to enhance their gaming journey while potentially increasing their rewards. Introducing $PawFactory: Combining Monetization Opportunities and Gaming Fun The core of PawFury’s products is $PawFactory, a platform that allows users to: Staking $PAW Tokens: Provides opportunities…
join us telegram A channel to stay up to date on breaking news coverage Alessandro De Crypto reviewed the pre-sale of yPredict, which has already secured an impressive $6.3 million, with just 1.29% remaining at $0.12 before the expected takeoff. Setting a new benchmark in the industry, the platform introduces AI-based trading signals, sentiment analysis, technical analysis and chart pattern recognition with the goal of redefining traditional trading strategies. AI-based cryptocurrency trading hub that will shake up the market Powered by Polygon, with its trading and AI expertise, yPredict strives to become the best cryptocurrency trading hub. The core engine…
In early January 2023, the Financial Services Commission of Korea (FSC) made several very important decisions. A legislative notice issued on January 3 revealed the Financial Services Commission’s (FSC) concerns about the potential for money laundering and illicit fund outflows related to Koreans acquiring cryptocurrencies from foreign exchanges. As a solution to this problem, a revision to the Enforcement Decree of the Credit Finance Business Act was proposed. The main purpose of this amendment is to ban the use of credit cards for cryptocurrency purchases, with a particular focus on transactions taking place on international exchanges. The implementation of this…
IntroductionIn the digital age, technologies like artificial intelligence, machine learning, and Blockchain are revolutionizing numerous sectors. One such transformative technology that has gained considerable attention is Blockchain. Blockchain is a decentralized, distributed ledger system that securely records transactions across multiple computers. It offers unparalleled security, transparency, and efficiency, making it an ideal solution for various industries, including education.A crucial element of this technology is the Blockchain platform. But what exactly is a Blockchain platform? A blockchain platform is a development environment that allows developers to build and deploy decentralized applications (dApps) and smart contracts. These Blockchain platforms provide the necessary…
join us telegram A channel to stay up to date on breaking news coverage Bitcoin is popular and trustworthy. However, it is highly unlikely that the world’s largest cryptocurrency will generate returns of more than 100% annually over the next few years. A large market capitalization is a sign of reliability. At the same time, it is also an obstacle to growth. On the other hand, promising low-cost cryptocurrencies based in fertile niche markets offer excellent investment opportunities. Only they can make 10x to 100x profits within a year. In this article, we will discuss Scorpion Casino, a project that…