Global Stories

$26 Billion+ Small business relief applications in waiting line for JP Morgan as America eats up relief money

Investment bank giant JP Morgan Chase is currently offering a variety of small businesses financing options to help them through their entrepreneurial ventures amidst the COVID-19 crisis. Financing from the bank includes short terms lines of credit to fill working capital needs, business loans for larger investments and capital for …

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How a New Congress Act Can Help with Crypto Adoption 

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 …

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Bill to Exempt Small Crypto Transactions from Taxes Returns to US Congress 

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 …

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