Category: Finance

IRS Updates Tax Requirements for Cryptocurrency Owners

IRS Updates Tax Requirements for Cryptocurrency Owners

The U.S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the IRS’ crypto question and when it is appropriate to select “no” as the answer. IRS Publishes New Crypto Tax Filing Instructions The IRS published updated instructions for Form 1040 on…

Mastermind of a Cryptocurrency Scam Arrested in India

Mastermind of a Cryptocurrency Scam Arrested in India

  An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Dubai. Investors were duped into investing in a cryptocurrency linked to a crypto exchange he established. The scheme also promised investors a monthly return of 20%-30% on investments. Alleged Kingpin of Crypto Scam Arrested An alleged…

Factors That Affect the Yield on Bonds

Factors That Affect the Yield on Bonds

Factors That Affect the Yield on Bonds In the financial world, a bond is a financial instrument of an issuer that promises payment of income to the bondholders on a regular basis. In fact, there are many types of bonds including corporate bonds, municipal bonds, and commercial bonds. Corporate bonds are bonds secured by the…

Record-Low Electricity Prices in Sweden Make It ‘a Lucrative Place’ to Mine Bitcoin, Says Report

Record-Low Electricity Prices in Sweden Make It ‘a Lucrative Place’ to Mine Bitcoin, Says Report

Bitcoin miners are finding the Nordic lands a profitable opportunity to boost their revenues due to a plunge in electricity prices at the cheapest levels than any other well-known places for crypto mining. Bitcoin Miners Could Find ‘Lucrative’ Opportunities in Norway and Sweden According to a Bloomberg report, the Nordic region, specifically Norway and Sweden,…

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