Critics say the measure effectively singles out digital assets for taxation based on technology rather than activity. Andreessen Horowitz crypto executive Miles Jennings criticized Illinois’ newly enacted Digital Asset Privilege Tax Act on June 17, calling it “one of the most anti-crypto laws in the US.” The law imposes a 0.2% tax on the exchange, transfer, and custody of …
Category:
Crypto
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The crypto market has remained under pressure even as reports have indicated …
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Crypto
$400M Wiped Out in Hours as Bitcoin Crashes After FOMC and Warsh Speech
by Trevor Jonesby Trevor JonesThe asset has slipped by over $2,000 since the meeting concluded. …
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Kalshi has fueled a billion-dollar dispute over sports betting regulation as trading …
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Crypto
ZKsync Creator Announces Layoffs as It Pivots to Permissioned Privacy Chain
by Trevor Jonesby Trevor JonesLeadership says the layoffs were driven by changing technical requirements rather …
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Strategy has returned to the spotlight after QCP estimated its current liquidity …
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BlackRock launched its iShares Premium Income Bitcoin ETF (BITA) on Nasdaq on …
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Crypto
BTC Price Drops as New Fed Chair Kevin Warsh Holds Rates Steady
by Trevor Jonesby Trevor JonesThe decision was highly anticipated but there are still some fears …
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Illinois has approved a new 0.2% tax on crypto transactions that state …
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Crypto
SpaceX SEC Filing: 18,712 BTC Still on Balance Sheet Post-IPO
by Trevor Jonesby Trevor JonesSpaceX filed a Form 8-K with the US Securities and Exchange Commission …
