Coinbase
Why the Crypto Industry Is So Upset About the IRS’ Proposed New Tax Reporting Rules
Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at tax software firm CoinTracker, discuss the crypto industry’s specific objections to the proposed new rules, and what might be a better way forward. They also delve into how the regulations would apply to stablecoins and NFTs, potential blockchain-based solutions for the reporting requirements, and what the likely outlook and timeline for the proposals to come into effect are.
Former Binance CEO CZ Is Stuck in U.S. for Now; Animoca Brands Invests in TON Network
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including Binance founder Changpeng "CZ" Zhao remaining in the U.S. for the moment, as a federal judge considers a Justice Department motion. Cathie Wood's ARK Invest sold $5.26 million of Coinbase (COIN) shares Monday as the exchange climbed to a 19-month closing high. Plus, Animoca Brands has made an investment in the TON ecosystem and become the largest validator on the TON blockchain.
BlackRock Files Ether ETF Prospectus; Vivek Ramaswamy Proposes New Crypto Rules
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including BlackRock filing an S-1 form with the SEC for its iShares Ethereum Trust, a spot ether ETF. Republican presidential candidate Vivek Ramaswamy discusses his new crypto policy framework with CoinDesk South Korean pension fund National Pension Service (NPS) bought nearly $20 million worth of Coinbase (COIN) shares. And, Dogecoin heads to the moon.
FTX Restart Efforts; Kraken Mulls Partner to Help Launch Its Own Layer 2 Network
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including Kraken's new efforts to launch a layer 2 blockchain network. Coinbase adds four national security experts to its Global Advisory Council. And, plans to bring Sam Bankman-Fried's crypto exchange back to life include the Silicon Valley investment firm Proof Group, according to CoinDesk sources.
AI and Blockchain Should 'Work Together' to Make Each Other Better: Coinbase Institute Head
The Coinbase Institute has published its white paper on blockchain and artificial intelligence (AI). This comes as the White House rolled out an executive order that aims to monitor and regulate the risks of AI, while also harnessing its potential. Coinbase Institute head Chris Edwards breaks down the key findings from the white paper and outlines the ways the two technologies could work together to reach maximum economic and social potential.
Bitcoin Eyes $31K; Coinbase Set to Make Final Pitch in Bid to Kill SEC Case
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories of the day, including bitcoin's (BTC) recent pop and what it means for MicroStrategy's (MSTR) crypto holdings. Coinbase is getting ready to make its final case on Tuesday that a judge should toss the SEC's unregistered securities dispute. Plus, Hong Kong has loosened its stance on spot-crypto products.
Gemini, Genesis, DCG Sued by New York Attorney General; Coinbase Picks EU Hub
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including a new prediction from Morgan Stanley Wealth Management about the end of crypto winter. Coinbase picks a new EU hub. New details on FTX using customer funds to buy back the firm’s stake held with Binance. And, New York Attorney General Letitia James filed a lawsuit against crypto firms Gemini, Genesis Global Capital, and Digital Currency Group. CoinDesk is owned by DCG.
SEC Not Willing to 'Publicly Assert That Ether Is a Security Right Now': Former CFTC General Counsel
For CoinDesk's State of Crypto Week, presented by Chainalysis, Daniel Davis, former CFTC general counsel and a current partner at Katten Muchin Rosenman LLP, discusses why the U.S. Securities and Exchange Commission (SEC) is not willing to "publicly assert that ether is a security right now." Davis also noted the agency did not list ether as a security "when they brought enforcement actions against platforms like Coinbase and Binance."
Sam Bankman-Fried's Trial Kicks Off; Singapore Grants Crypto Licenses to Coinbase, Ripple
Host Megha Chaddah breaks down the latest developments in Sam Bankman-Fried's case as the FTX founder is goes to court in a New York. Plus, insights on the state of crypto adoption in Asia as Coinbase and Ripple secure full licenses for crypto payment services in Singapore. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
