Bitcoin is once again on the ascendency, rising more than 20 per cent over the last week to take it close to its all-time high.
Reaching above $63,000 on Thursday, the world’s leading cryptocurrency is now less than $6,000 away from the record price it hit in November 2021.
Other leading cryptocurrencies, including Ethereum (ETH), Cardano (ADA), Solana (SOL) and Dogecoin (DOGE) have also experienced huge gains in recent days, pushing the overall crypto market cap above $2.3 trillion.
Some market analysts predict that a new record high for the world’s leading cryptocurrency is imminent, while others warn that a significant correction may follow the latest price surge.
You can follow all the latest news, analysis and expert price predictions in our live coverage of the crypto market below.
The IRS has long investigated taxpayers who evade federal tax obligations by concealing taxable income in offshore tax havens or jurisdictions that provide for financial secrecy. Historically, the agency
United States president-elect Donald Trump said on Thursday he was appointing former PayPal chief operating officer David Sacks as his “White House AI and Crypto Czar,” another step towards
His pledge could simplify the tax obligations for US citizens who live overseas. Americans, regardless of where they live in the world, have to file tax information with the Internal Revenue Service
The Internal Revenue Service (IRS) is enhancing its oversight of cryptocurrency transactions through the use of artificial intelligence (AI). In a groundbreaking move, the IRS released a draft of Form