Happy Humpday, Blockfolians
Think the IRS was going to be too distracted by current events to care about crypto taxes? Think again.
In a letter published by The Block, the IRS shared that it is looking for third parties to help it accurately determine gains and losses. Indeed, the whole letter reads like, first, an admission that calculating this information is really, really hard; and second, that you better believe the IRS is going to do what it takes to make sure those calculations are accurate.
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Highly Relevant Reading
So about that ETH2.0 launch…turns out Vitalik didn’t mean to say July
dYdX has launched a new decentralized marketplace for bitcoin perpetual contracts
Close to 17,000 people have files claims in the case of defunct exchange QuadrigaCX
Are whales leaving ether for bitcoin?
A new mining pool has emerged in China and quickly become one of the world’s largest - but no one knows who’s behind it
Investor Allen Farrington has dropped another of his always-excellent essays, this time on why bitcoin is no longer an experiment and “trolling its way to victory”
A Really Big Number We Should Be Paying Attention To
That’s how much 509 global investors just put into buzzy blockchain platform Celo via a 12-hour CoinList token sale
What’s that sound? Oh right, it’s the mic dropping.