75% of crypto tax forms are under $50 – Kraken demands ‘de minimis’ rule
The prediction market was pricing the chance of US crypto users seeing a tax cut this year at 7%. Source link
Category financ
Club for Growth Tells Senate Banking Committee to Advance CLARITY Act
Growth Club called out today to add his voice. to support CLARITY Actcrypto market infrastructure legislation that will outline the regulatory ecosystem for digital assets and also encourage innovation the entire financial services industry. Legislation remains on the shelf Senate…
DeFi protocols move to restore rsETH support as Aave pauses markets due to increased risk
Aave paused rsETH markets as DeFi protocols took action to close the 100,000 ETH gap and prevent bad debt. Source link
Payments Canada Strengthens Fraud Prevention Defenses and Expands Membership Base
Payments Canada continues to advance its mission of providing safe, innovative and inclusive national payment systems with two recent important developments. The organization has appointed Patrick Boudreau as its Vice President of Fraud and Scams, in a move designed to…
US restricts $700 million in crypto amid crackdown targeting global fraud networks
US crackdown restricts $700 million in cryptocurrency and dismantles fraud networks; This revealed the extent of both fraud and enforcement efforts. Source link
The first citizens to change the name of SVB
The Raleigh, North Carolina-based lender is dropping the Silicon Valley Bank name in the fourth quarter. It is also dropping the CIT name, which has remained on a commercial unit since the acquisition in 2022. Source link
Gemini Uses Artificial Intelligence Solutions to Streamline Operations as Crypto Exchange Navigates Challenging Business Environment
Digital asset exchange Gemini introduced a new AI tool designed to revolutionize the way system alerts and engineering productivity are managed. “First Response” announced on April 20, 2026 is always open I have a representative It automatically investigates monitoring alerts,…
Is Bitcoin at risk? – How does BTC’s constant volatility mask THIS weakness?
Bitcoin faces renewed downside risk as new on-chain data suggests the recent rally is driven by speculation rather than sustainable demand. Source link
PNC will cut 777 FirstBank jobs this summer
The discounts at the acquired bank’s headquarters in Colorado were designed to avoid “overlap.” In its statement, PNC touted the Denver market as a strong, strategic talent base for the bank in technology. Source link
Kraken Calls for Reform of Digital Asset Taxes as Micro-Transactions Overwhelm Day Traders
Digital asset exchange kraken It announced that it has filed more than 56 million Form 1099-DA tax documents with the IRS for the 2025 tax year. The vast majority of these filings—about one-third for transactions under $1, more than half…
