The Internal Revenue Service (IRS) has recently unveiled the first draft of the 1099-DA form, tailored specifically for digital asset transactions. This development is a significant step in the integration of digital assets into the regulatory framework of the financial system, reflecting their growing prevalence. As digital assets increasingly intersect with traditional finance, comprehending the…

In an industry where reliability and trust are as volatile as the assets traded, the role of meticulous vetting in cryptocurrency exchanges cannot be overstated. Digital Asset Research (DAR), a leading authority in crypto asset data, has unveiled the results of its comprehensive April 2024 vetting of over 600 centralized crypto exchanges. This initiative is…

Binance, one of the hottest and newest exchanges from China having started with their operations in July 2017, dedicated to only trading coin to coin, has currently shut down trading, depositing, and withdrawing activities due to a server issue. What started off as a small server maintenance issue quickly escalated, as we can testify through…