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US Treasury and IRS finalize crypto broker tax reporting rules
US Treasury and IRS finalize crypto broker tax reporting rules Mike Dalton · 2 months ago · 2 min read Brokers, including exchanges, must comply starting in 2026 and 2027. 2 min read Updated: Jun. 29, 2024 at 1:56 am UTC Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28. Crypto brokers, including exchanges, will need to report gross proceeds for crypto sales starting from 2026. This will include crypto sales during 2025. Furthermore, brokers will...
Ripple backs Bitwise Physical XRP ETP following its rebranding
The product offers institutional-grade exposure to XRP through a physically backed exchange-traded product. Photo: Bitwise Investments Key Takeaways Bitwise has rebranded its European XRP ETP, with Ripple planning an investment. The Bitwise Physical XRP ETP is physically backed and approved by German regulators. Ripple will invest in Bitwise’s XRP exchange-traded product (ETP) following its rebranding. The fund, previously known as ETC Group Physical XRP, is now named Bitwise Physical XRP ETP, said Bitwise Asset Management in a Wednesday press release. The ETP, trading under the ticker GXRP, was launched in 2022 and is 100% physically backed, operating under a prospectus...
5 US Economic Events That Could Impact Crypto Market This Week
Crypto markets are closely monitoring key US economic data this week to assess the health of the nation’s economy. As the year-end approaches, critical labor market reports — closely watched by the Federal Reserve—are on the calendar. Given the potential impact on portfolios, traders may adjust their strategies around these upcoming events. ISM Manufacturing The Institute of Supply Management (ISM) will release the November ISM Manufacturing data on Monday, December 2, marking the first business day of the month. This index, also called the purchasing managers’ index (PMI), offers a monthly snapshot of US economic activity. It is derived from...
