The United States Internal Revenue Service has implemented an effective taxation mechanism on all crypto assets. In essence, every time a person makes a purchase or an exchange using a digital currency, they are exposed to major taxations compared to people who use normal fiat currencies.   Many analysts have argued that this brutal tax regime has been one of the …

Bill to Exempt Small Crypto Transactions from Taxes Returns to US Congress  A new bill that exempts small crypto transactions from the capital gains tax is expected to return to Congress for additional deliberations. The bill has been in the works for years and has been pushed through by a Washington-based non-profit dubbed the Coin Center.   Titled the Virtual Currency Tax Fairness Act of 2020, the bill …

Bitcoin Surpasses $9,000: What Does This Mean? Bitcoin has finally surpassed the $9,000 mark. The cryptocurrency spent two days on the high $8,000s hitting $8,700 at some point. But the prices surged later in the day by nearly 3%, surpassing$9,000 for the first time in two months. Nonetheless, the crypto …