Bitcoin24h $93,293.72-0.47%

Ethereum24h $3,138.24+0.88%

XRP24h $2.22+1.26%

BNB24h $934.92+1.90%

Solana24h $140.26+4.16%

TRON24h $0.2920-1.01%

Dogecoin24h $0.1607+0.93%

Cardano24h $0.4788-0.11%

Hyperliquid24h $38.75+2.46%

Bitcoin Cash24h $516.38+1.03%

Does Ross Ulbricht owe back taxes on crypto donations?

Silk Road founder Ross Ulbricht received millions of dollars in crypto and could owe a substantial amount in gift taxes to the IRS.

Crypto traders in the UK will have data handed to taxman from 2026

From January, UK crypto firms will hand HMRC names, dates of birth, addresses, countries of residence, and National Insurance Numbers.

Germany’s Social Democratic Party suggested scrapping the tax-free crypto-holding policy during coalition negotiations.

MicroStrategy rallied for an FASB change that it thought would help it properly value its bitcoin — but it could come with a nasty tax.

According to the DoJ, Frank Richard Ahlgren III “falsely underreported capital gains” earned from BTC worth $3.7M between 2017 and 2019.