US IRS Plans to Tax Staking Income
The IRS has recently released a draft supplement to their rules which requires that any rewards gained from staking coins in Proof-of-Stake networks be counted as taxable income.
The IRS has recently released a draft supplement to their rules which requires that any rewards gained from staking coins in Proof-of-Stake networks be counted as taxable income.
Due to a rapid rise in US public debt, Mike Novogratz, CEO of Galaxy Digital, believes that purchasing Bitcoins is a form of capital protection.
Michael Saylor, CEO of MicroStrategy, has recently expressed his conviction that major banks are beginning to acknowledge the huge potential of Bitcoin.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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