A Southern Utah man was sentenced to three years in federal prison for wire fraud prosecutors said cost investors millions of dollars and involved converting bulk cash into cryptocurrency through an unlicensed money transmitting business. “The FBI will continue to put victims first by holding offenders accountable and pursuing those who misuse cryptocurrency and unlicensed financial services to exploit others,” said Special Agent in Charge Robert Bohls of the Salt Lake City FBI. His statement comes days ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Florida is again throwing its hat in the ring to launch a Bitcoin reserve. Over the past two weeks, state Sen. Joe Gruters and Rep. John Snyder have filed bills that would establish a Florida Bitcoin reserve. Specifically, the bills seek to create a cryptocurrency fund to be managed by the state’s chief financial officer, with assistance from an advisory committee. Don't Miss: The AI Marketing Platform B ...

Core Insights - Michael Saylor's strategy resulted in a $17.44 billion unrealized loss on digital assets in the fourth quarter, attributed to a decline in the value of the company's cryptocurrency holdings [1] Summary by Category - **Financial Performance** - The company reported an unrealized loss of $17.44 billion related to its digital assets in the fourth quarter [1]

If you’ve ever talked to a financial advisor or a stockbroker, you’ve no doubt heard that timing can be a major factor in trading success. Investors use a variety of methods to decide their best time to make trades in the stock markets. But what about when it comes to cryptocurrency? It’s certainly a question on the minds of many potential investors, particularly given the size of the crypto market, which topped $3 trillion a little over a year ago. There are certainly some guidelines and methods used b ...

Core Insights - Understanding cryptocurrency taxation is crucial for anyone involved in buying, selling, or trading digital assets [1] Taxation on Cryptocurrency Transactions - Taxes are owed when cryptocurrency is sold for more than its purchase price or when one digital asset is exchanged for another, such as converting bitcoin to ethereum [2] - Tax reporting occurs in the year the transaction takes place, with the tax owed based on the holding period of the asset [3][4] Capital Gains Tax Rates - Short-term capital gains tax applies to assets held for one year or less, taxed at ordinary income rates ranging from 10% to 37% [5] - Long-term capital gains tax applies to assets held for more than one year, with rates of 0%, 15%, or 20% depending on taxable income and filing status [6] Tax Deductions for Losses - Capital losses can offset capital gains up to $3,000 per year, with excess losses carried forward to future tax years [8][10] - Unrealized losses do not count for tax deductions, and losses must be realized through the sale of the asset [11] Non-Taxable Situations - Certain actions do not trigger tax liabilities, such as holding crypto without selling, transferring between personal wallets, purchasing crypto with U.S. dollars, receiving crypto as a gift, or donating to charity [12][17] Reporting Requirements - Starting January 1, 2026, brokers will issue a new form, the 1099-DA, to report digital asset transactions, but taxpayers must still track their cost basis [13][14] - Taxpayers are responsible for accurately reporting their transactions, as discrepancies can lead to issues with the IRS [15][16] Tax Calculation Process - Taxpayers should collect transaction histories, determine cost basis, identify proceeds from sales, and classify transactions as short-term or long-term [23] - Crypto tax calculators can assist in managing high trading volumes and generating necessary reports for tax filing [19][20] Tax Implications of Crypto Usage - Exchanging one cryptocurrency for another or using crypto to purchase goods or services is considered a taxable event [21][22] - Staking rewards are taxed as ordinary income upon receipt, similar to interest earned [23][24]

Juventus Football Club shares climbed after the holding company of Italy's Agnelli family rejected an offer from cryptocurrency issuer Tether for its majority stake. ...

Litecoin is the most widely traded cryptocurrency with opt-in privacy.We are building for the future via MWEB.a16z crypto (@a16zcrypto):Yesterday, we released our 17 Big Ideas for 2026.Here they are in case you missed it. https://t.co/spouj0eajT ...

They used to want things like sneakers, gadgets and gift cards. But this year, all that Gen Z seems to want for Christmas is crypto. According to a recent survey, 45% of Gen Z say they would love to unwrap cryptocurrency gifts on Christmas morning, which is nearly double the rate of all Americans at 28% (1). Must Read With Bitcoin prices dipping to around $92,000 after peaking at more than $125,000 back in October 2025 (2), many young people seem to think this is the right time to buy into this asset cl ...

LATEST: ⚡ Twenty One CEO Jack Mallers told CNBC that the BTC treasury company intends to acquire "as much Bitcoin as we possibly can," with the company already roughly $4 billion worth of the cryptocurrency. https://t.co/9A5VXzATpA ...

Core Insights - Young American men are increasingly investing in cryptocurrency, with 26% owning crypto and 28% owning any crypto-based asset, surpassing the 21% who have traditional retirement accounts [2] - Bitcoin is the most popular cryptocurrency among young men, with 53% reporting ownership, while 18% own ether or Solana [3] - Higher-income and college-educated young men are more likely to own both cryptocurrency and retirement accounts, indicating a shift in investment behavior [3][5] Group 1: Cryptocurrency Ownership - 26% of young men own cryptocurrency, and 28% own crypto-based assets, which is higher than the 21% who have a 401(k) or similar retirement fund [2] - Among crypto holders, 53% own Bitcoin, while 18% own ether or Solana, with less than 20% investing in "memecoins" [3] Group 2: Demographics and Investment Behavior - Young men with family incomes of $100,000 or more show higher rates of cryptocurrency ownership (42%) and retirement fund ownership (33%) compared to those earning under $60,000 [3] - 39% of college-educated young men own cryptocurrency, compared to 23% of those without a college degree [3] Group 3: Employment Status and Retirement Access - Full-time employees have more balanced portfolios, with 37% owning cryptocurrency and the same percentage having retirement accounts [4] - Among part-time workers, 27% hold cryptocurrency while only 16% have a retirement account, highlighting a gap in financial security [4][5] - Almost half of full-time American workers lack access to employer-sponsored retirement plans, particularly affecting young workers in unstable jobs [5]