Businesses in the United States won’t have to report cryptocurrency transactions exceeding $10,000 to the Internal Revenue Service (IRS), at least until the tax agency releases a regulatory framework.
Prominent Bitcoin mining firm Core Scientific has successfully navigated crypto winter and received the green light for its Chapter 11 reorganization plans from the Southern District of Texas bankruptcy court.
ProShares has submitted prospectus materials for a series of five new Bitcoin exchange-traded funds (ETFs) offering leveraged and inverse exposure to the price of BTC.
Top stories in the Crypto Roundup today:
- IRS Delays Businesses’ Crypto Transactions Reporting Rule
- Bitcoin Miner Core Scientific Emerges from Bankruptcy
- ProShares Files for Five New Bitcoin ETFs with Leverage and Inverse Options