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A new crypto tax law took effect in the US, with Americans receiving crypto worth at least $10,000 required to file a report with the Internal Revenue Service (IRS) within 15 days.
#CryptoRegulationUpdate
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#CryptoNewYear
#CryptonewswithJack
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Options trading on BlackRock’s iShares spot Bitcoin ETF (IBIT) goes live on Nasdaq. The development provides Wall Street investors with leveraged exposure to the world’s largest cryptocurrency by market cap. OCC Confirms BlackRock Options Listing Nasdaq’s listing of IBIT options comes several hours after the Options Clearing Corporation (OCC) provided an update for the new listing. Last month, the U.S. SEC approved the 11 Bitcoin ETFs, including BlackRock’s IBIT, for options trading. Yesterday, the OCC released a memo confirming its readiness for the clearance and settlement of the product, beginning with IBIT. Furthermore, Allison Hennessey, Nasdaq’s head of ETP listings, informed Bloomberg’s ETF analyst Eric Balchunas of the exchange’s plans to list and trade IBIT options today, on November 19. Hours after the announcement, BlackRock’s Bitcoin ETF options launched on Nasdaq, giving investors the right to trade IBIT shares at a specified price. #Bitcoin #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewsUSA
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Over the past few days, Dogecoin has struggled to regain its footing after briefly touching $0.4359 a week ago. The meme coin king has oscillated mostly within a tight range between $0.3500 and $0.3800, showing weak price action after its speculative bull run lost steam. However, Dogecoin showed promising signs of a comeback today, following a 10% green candle that pushed it back into the $0.4000 range. For context, since November 14, when Dogecoin dropped below the $0.40 mark, it had not regained that threshold until today. At press time, DOGE is trading at $0.3950 after a brief pullback. #Dogecoin #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewsUSA
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