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IoTeX co-founder urges crypto investors to stand firm amid market conditions

Byadmin

The market could “easily hit new all-time highs by the end of the year,” says Dr. Raullen Chai, co-founder of IoTeX. As the market crashes due to rising tensions in Eastern Europe, Dr. Raullen Chai, co-founder and CEO of blockchain network IoTeX, urges crypto investors to hold on to their crypto. The Russian military recently…

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Russian Parliament Considers Restrictions on Unqualified Crypto Investors

Byadmin

Cryptocurrency can be quite complicated for some, and Russian lawmakers believe they should consider restrictions for private investors. According to a senior representative of the legislature, the Russian parliament must provide them with “maximum protection” against risks. Members of the Russian Parliament will seek to protect citizens who invest in cryptocurrencies Members of the Duma,…

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Democrats in the US House of Representatives want to close the tax loophole for crypto investors

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US House Democrats have proposed closing a tax loophole for cryptocurrency investors by treating digital assets like stocks rather than real estate. Currently, crypto transactions that lose money can be counted as capital losses, which can reduce the tax burden. Since the Internal Revenue Service (IRS) views digital assets as property, crypto investors can claim…