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IRS Tax Gap: Less Than 56% of US Crypto Users Report Transactions
A recent study published in the academic journal Accounting Review has highlighted a significant gap in digital asset tax compliance within the United States. Research findings indicate that only 32% to 56% of American …
HYTOPIA Suspends Operations Amid IRS Tax Refund Delays and Funding Issues
The metaverse project HYTOPIA has officially announced a temporary suspension of its infrastructure and web operations, citing a significant financial shortfall. The platform revealed that a delay in a substantial tax r…
IRS Study Reveals Only 6.5% of Crypto Holders Report Taxable Gains
A recent academic study has highlighted a significant gap in cryptocurrency tax compliance within the United States, revealing that a vast majority of digital asset investors may be failing to disclose their transaction…
New Survey Reveals 61% of US Crypto Users Unaware of 2025 Tax Rules
A joint report released by CoinTracker and Coinbase has highlighted a significant knowledge gap among digital asset holders regarding upcoming regulatory changes. Based on a survey of 3,000 U.S. cryptocurrency users, th…
IRS Proposes Mandatory Electronic Form 1099-DA for Crypto Users
The Internal Revenue Service (IRS) has introduced a new regulatory proposal that could significantly change how digital asset investors receive tax documentation. The federal agency is considering a rule that would allo…