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IRS updates draft of crypto reporting form for US taxpayers

The latest draft form eliminated asking US taxpayers the time of day a crypto transaction occurred and identifying the “broker type.” Source link

City of Santa Monica launches Bitcoin Office, plans October festival

The “Silicon Beach” wants to make sure Bitcoin has a place there, with help from a blue-collar-oriented nonprofit. Source link

Will the Harris-Walz presidential campaign prioritize crypto policy?

With the US election in November and polls showing Harris in a dead heat with Donald Trump in battleground states, Democratic voices in the crypto industry are speaking up. Source link

Trump Jr. to launch DeFi platform, $510B sell-off wipes 2024 crypto gains: Finance Redefined

The crypto industry could gain significant mainstream attention following Trump’s eldest son’s plans to launch a bank-rivalling DeFi platform. Source link

Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027

The small Central Asian country is currently taking public comments on its framework legislation. Source link

Bitcoin’s V-shaped recovery could put BTC on path to new all-time high — Analysts

Bullish traders bought Bitcoin’s recent dip, possibly setting BTC on the way to a new all-time high. Source link

Bitcoin bear trap over? BTC price fractal hints at parabolic move next

Bitcoin still faces significant resistance at $62,000, and if it breaks, it would liquidate over $845 million of leveraged shorts. Source link

MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO

According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers. Source link

Price analysis 8/9: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Buyers are struggling to build upon Bitcoin’s sharp recovery on Aug. 8, indicating that the bears remain active at higher levels. Source link

Bitcoin whale games get traders nervous as 12K BTC appears for sale

Bitcoin order book action is currently marked by significant sell-side liquidity, but this could just disappear at any time, analysis says. Source link