IRS Releases Draft Form for Reporting Digital Currencies Sales
The IRS has released an initial version of a tax form for intermediaries and exchanges to report specific sales of digital assets.
Trading Volume on Largest Exchanges Rises 200%
According to Tokeninsights, Bybit, Binance, and OKX were the top three exchanges in terms of trading volume in the first quarter of 2024.
JPMorgan: Bitcoin is a Scam
JPMorgan CEO Jamie Dimon stated that Bitcoin lacks the necessary qualities to be considered a currency.
Tether Launches USDT on TON Blockchain
Tether and the TON Foundation have formed a partnership, resulting in the launch of $60 million worth of USDT on the Open Network (TON) blockchain.
Bitcoin Transaction Fees Rise Driven by Runes Launch
The Bitcoin network has recently seen a rise in transaction fees, with the average reaching over $16 according to a 7-day moving average.
Kraken Purchases Crypto Division of US Online Brokerage Firm
Kraken has purchased the cryptocurrency division of TradeStation, an online brokerage, in an effort to expand its services in the United States.
Trading Volumes on Global Crypto Exchanges Soar
Trading volumes on major centralized cryptocurrency exchanges (CEXs) such as Binance have seen a significant surge since late 2023.
