The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA.Source
The company said it will use both Ripple USD (RLUSD) and XRP for cross-border payments services.Source
APT gained 3.9% and BCH rose 2.7%, helping to balance out XRP’s losses.Source
Risk assets stabilized as upbeat weekly U.S. jobs data eased recession concerns.Source
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
XRP’s order book on U.S. exchanges is 30% more liquid than offshore platforms.Source
“Regardless of the next 60 days, the bull market will continue along traditional four-year cycle lines with solid gains in October and November,” one trader said.Source
Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorizationSource
Ionic Digital’s CEO Matt Prusak will step down this month, recently appointed CFO John Penver will take the helm in the interim.Source