IRS Signals Broader Crypto Tax Enforcement as Warning Letters Spike

The IRS is intensifying its oversight of cryptocurrency taxpayers, issuing over 125,000 warning and compliance letters as part of a national campaign to close the crypto tax gap. The surge in outreach follows a wider government push to integrate digital asset reporting more deeply into the U.S. tax framework. For taxpayers and crypto platforms alike, […]

Bitcoin and Ethereum Hold Ground as Markets Eye Fed Move—What Might Come Next?

Crypto markets are coasting along with Bitcoin hovering just above the $112K mark and Ethereum lingering around $4.3K—but beneath that calm, there's an electric buzz. Traders are increasingly betting on the Fed cutting rates soon, and that alone is lifting sentiment—even though everyone’s still a little bated for actual confirmation. Bitcoin: knocking on the $115K […]

Crypto Wash Sales: Are New Tax Rules Closing the Loophole?​

As of May 1, 2025, the Internal Revenue Service (IRS) continues to classify cryptocurrencies as property, not securities. This distinction means that the traditional "wash sale" rule, which disallows claiming a tax deduction for a loss on a security sold and repurchased within 30 days, does not currently apply to digital assets like Bitcoin and […]