Crypto tax forms leave 1 in 5 US investors unsure of accuracy

A survey of US crypto investors has found that about one in five who filed or planned to file a tax extension received an incomplete 1099-DA or were unsure whether the form matched their trades.  Awaken Taxs August survey found that another 21% of respondents who had filed, or planned to file, an extension were still waiting for information from an exchange or crypto platform. The findings concern a group of taxpayers trying to finish 2025 returns during the first filing season for Form 1099-DA, which brokers use to report certain digital asset transactions to the Internal Revenue Service.  The IRS says brokers generally had to report gross proceeds from covered 2025 transactions. Proceeds show what a customer received in a sale, but most forms for that tax year do not show what the customer originally paid. Taxpayers need both figures to calculate a gain or loss, and the agency says they must report digital asset income, gains, and losses even if no 1099-DA arrives.  Crypto tax forms can show a sale without its cost  For a taxpayer who bought Bitcoin for $9,000 and sold it for $10,000, the gain would be $1,000 before any applicable adjustments. A 2025 Form 1099-DA could report the

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Old Magic Eden NFT approvals put users at risk after whitehat moves 3,832 NFTs

Old Magic Eden NFT approvals could still put some former users at risk months after the company closed its Ethereum marketplace. A September 25 warning from wallet security service Revoke.cash says that a vulnerability in Limit Breaks Payment Processor V2 affects wallets that still authorize the contract to move NFTs. Those approvals remain active until owners revoke them.  The notice says security researcher 0xQuit used the vulnerability to move 3,832 NFTs from approved wallets as zero ETH sales. He described the transfers as a whitehat rescue and said the assets were being held in a custody wallet until it was safe to return them, according to Revoke.cash. The figure counts transfers reported in the notice; the service had not established how many NFTs, if any, malicious actors took.  Magic Eden ended EVM marketplace support on March 9, 2026. Its listings and offers were offchain and ceased to be visible or actionable on the site. The operator approval users gave the processor exists onchain, however. Closing the marketplace did not cancel that separate permission, leaving people who have not traded there for months with a live exposure.  Related Company Magic Eden Multi-chain NFT marketplace  Which Magic Eden NFT approvals should users revoke?  Revoke.cash says users should

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EU targets $54B DeFi sector as Aave slams Morpho's vault proposal as 'self-serving'

The European Union [EU] wants to bring crypto lending within the scope of the MiCA framework. In a recent policy review, the European Banking Authority (EBA) said that DeFi lending and borrowing should be regulated.  EBA crafts policy and regulates the EU-wide banking sector to ensure financial stability and user protection.  According to EBA, crypto lending, either via an intermediated interface of crypto asset service providers (CASPs) or DeFi protocols, can offer regulatory arbitrage for stablecoin yields.  MiCA banned stablecoin yield, but some, such as Circles USDC and EURC, still earn yield via DeFi strategies. For EBA, this could cause more problems,  Thus, the activities (DeFi lending) may pose regulatory arbitrage risks. Additionally, the EBA and ESMA have identified a series of potential consumer protection risks.  The consumer protection risks highlighted by the watchdog include over-leverage, contagion risks, hacks, and fraud.  Discover more  Enterprise blockchain solutions  Access Premium News  Compare Exchange Rates  To mitigate against these risks, EBA proposed a few considerations, including leverage caps, disclosure requirements, and cyber resilience-based certification for DeFi protocols.  Source: EBA  Additionally, the proposed rules could bar unlicensed stablecoins such as USDT from DeFi lending. Regulators would likely focus on platforms that give users access to DeFi protocols through intermediated lending and borrowing.  The proposed EU approach differs

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Hegseth's Bitcoin earned up to $6,000 in capital gains in 2025, his OGE filing shows

Defense Secretary Pete Hegseths Bitcoin on Coinbase generated between $2,702 and $6,000 in capital gains in 2025, his annual disclosure shows.  The report was certified Sept. 18 by the Office of Government Ethics.  Two Coinbase entries put the stake at $16,000 to $65,000  The form divides the coin into two lines in a single Coinbase wallet. A stake of $15,001 to $50,000 generated gains of $2,501 to $5,000, while a stake of $1,001 to $15,000 yielded gains of $201 to $1,000.  Discover more  News  Computer Security  Crypto tax software  Together, the two lines put Hegseths Bitcoin somewhere between about $16,000 and $65,000.  Part 7 breaks down each trade over $1,000. There is no Bitcoin trade in there. Sales of $1,000 or less do not require itemization.  Hegseth signed the report on May 14. An ethics official at the Defense Department cleared it in August, before OGEs own sign-off.  Lockheed, Northrop, and Honeywell stakes were sold weeks into the job  Part 7 is mostly stock selling. Weeks into the job, Hegseth sold shares in Lockheed Martin, Northrop Grumman and Honeywell, each valued between $1,001 and $15,000, as well as holdings in KKR and Blackstone valued between $15,001 and $50,000, on Feb. 7, 2025.  He sold shares of Apple, Alphabet, Amazon, Microsoft, and Oracle on

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Tether and Bitfinex named as the crypto firms behind Capstone, whose accounts US prosecutors froze

Tether and sister exchange Bitfinex are the two unnamed crypto firms at the center of a US forfeiture case against Capstone Ltd, people familiar with the matter told the Financial Times.  Federal prosecutors in California froze about $84.2 million in Capstones name, saying the payments group moved money without a license.  A Wells Fargo line sent out $337 million, the complaint says  The civil forfeiture complaint, filed July 15 in the Eastern District of California, names neither company. It only cites a crypto company, an affiliated exchange, and a bank in Dominica.  Prosecutors say Capstones Wells Fargo business account, not counting Treasury purchases, disbursed $337 million between March and December 2025.  The complaint alleges almost two-thirds of that money seems to have gone to hundreds of recipients, mostly outside the US, on behalf of the two crypto firms.  Court records show the seized property consists of five pieces. The biggest is $79.11 million in a Wells Fargo Securities account, followed by $2.06 million at JPMorgan Chase, $1.86 million at Wells Fargo Bank, and about 1.18 million USDT shared between two wallets.  Property listed in US v. Approx. $79,109,828.17 seized from Wells Fargo, E.D. Cal. 2 26-cv-02476, via GovInfo.  Capstone presented itself to banks as an IT services company,

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Bitcoin Breaks Historical Patterns: Q4 Trigger Many May Have Missed

Well-known analyst Benjamin Cowen has unveiled an updated strategic model for Bitcoin in Q4 2026, urging investors to abandon forecasting in favor of responding strictly to the charts current structure. He made the statement as Bitcoin tested a key technical level around $83,000.  The trigger for this urgent reassessment of market strategy was Bitcoins move above its May high on the weekly timeframe, which effectively broke the classic four-year cycle pattern. According to the analyst, the current weekly candles close will activate the main trigger determining the assets direction through the end of the year.  What one weekly candle will decide  Under Cowens updated framework, the markets next move depends entirely on whether Bitcoin can hold its current price levels. The analyst outlines two possible outcomes:Bullish scenario (holding above): If Bitcoin closes the week and holds above its May peak, it would significantly strengthen buyers position and lay the groundwork for an uptrend throughout the fourth quarter.Bearish scenario (false breakout):A move back below the May high would amount to a major fakeout. In that case, the asset would face the seasonal correction typical at the end of the year, though it would not fall to new cycle lows.  Bitcoin weekly chart from Benjamin Cowen

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SlowMist has yet to confirm crypto theft from iPhone Safari attack

An iPhone Safari attack behind recent security warnings hasn‘t yet been linked to a confirmed cryptocurrency theft in SlowMist’s investigation.  Multiple reports surfaced this week urging iPhone users to update their devices immediately and warning that malicious Safari pages could expose crypto private keys and seed phrases, with some citing a range from iOS 13 through iOS 26.5.  SlowMist told Cointelegraph that it has not independently confirmed a victim compromised by the specific Safari attack sample it analyzed, while its strongest technical evidence covers iOS 18.4 through 18.6.2.  The company said the “iOS 13 to 26.5” range should be treated as preliminary. “We therefore prefer to avoid stating that iOS 26.5 is affected until there is reproducible technical evidence,” it said.  The Safari attack reuses techniques from a previously disclosed DarkSword exploit chain and is separate from FomoPeek, another SlowMist investigation involving malicious components embedded in an App Store app.  SlowMist finds DarkSword reuse  Google Threat Intelligence Group (GTIG) disclosed DarkSword in March, describing it as an iOS exploit chain that had been used by multiple threat actors since at least November 2025.  SlowMist said MistEye, a threat intelligence team led by its chief information security officer, 23pds, first identified the relevant activity in early May.  SlowMist published

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Bitget clarifies $388M in assets affected by security breach

Crypto exchange Bitget released an updated incident report on Thursdays security breach, clarifying that about $388 million in assets had been affected and not $352 million as previously reported.  In a Friday update, Bitget said it would continue to pause withdrawals following the security breach, and the company had launched a bounty program to incentivize freezing or recovering the assets. The exchange confirmed that “$387.5 million were transferred to attacker-controlled addresses” based on onchain tracing — about $35 million more than reported on Thursday.  “The revised figure reflects a more complete accounting of transfers that occurred during the incident, adding affected assets on Zcash and TRON that were not included in the initial estimate,” said Bitget. “It does not reflect further unauthorized transfers. The incident remains contained and no further unauthorized transfers are possible.”  According to Bitget, the incident included addresses on Ethereum Virtual Machine (EVM) networks, the XRP Ledger, Zcash and TRON. Among the assets stolen were XRP, Ether (ETH), Tethers USDt (USDT), Zcash (ZEC), USDC, USDT0, XAUt, BNB, AVAX and TRX. The follow-up report did not address comments made by CEO Gracy Chen on Thursday speculating that a North Korean hacking group may have been behind the attack.  Even with the update

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CoinMarketCap Acquires CoinGlass To Expand Derivatives Data

CoinMarketCap acquires CoinGlass in a deal that pulls one of crypto‘s most-watched derivatives data platforms directly into the world’s most-referenced price tracker. The transaction, announced September 25, 2026, has already closed, according to a statement carried by GlobeNewswire, though the companies did not disclose the financial terms of the sale.  Key takeawaysCoinMarketCap has acquired crypto derivatives data platform CoinGlass for an undisclosed amount, and the deal is already complete.CoinGlass tracks open interest, funding rates, liquidations and options across 28 exchanges and more than 2,500 instruments.CoinGlass, founded in 2019, serves more than 5 million monthly users and 10,000 API customers; CoinMarketCap reaches 115 million people every month.CoinGlass will keep operating under its own brand, with its team, website, app, free tools, API and pricing all staying the same.Binance, which bought CoinMarketCap in April 2020, has said it has no influence over the platforms rankings.  CoinMarketCap Expands Crypto Data with CoinGlass Acquisition  The acquisition gives CoinMarketCap a foothold in a corner of the market it previously left to specialist trackers. Derivatives trading, not spot buying and selling, accounts for the bulk of crypto trading volume, and CoinGlass built its reputation by making that side of the market visible through liquidation heatmaps, open-interest dashboards and funding-rate

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Bitcoin Price Eyes $96.7K as ETF Demand and Spot Volume Rise

Key TakeawaysBitcoin cleared key cost bases as spot and ETF demand improved, with profit-taking still restrained.A $14.04B Sept. 25 options expiry could reset positioning as gamma shifts above $90K.Bitcoin faces $96.7K MVRV resistance if buyers absorb the $84K-$85K supply zone.  Bitcoin Price Clears Key Cost Bases as $14B Options Expiry Hits  Bitcoins latest rally is beginning to look different from the short-lived rebounds that defined much of 2026.  The largest crypto asset by market cap has moved back above several important investor cost bases after a roughly $10,000 advance over the 10 days. More importantly, holders are not rushing to sell into the recovery.  Onchain data from Glassnode shows that bitcoins price never closed below its Realized Price during the downturn. The percentage of supply held in profit fell to levels comparable with 2022, yet Net Unrealized Profit/Loss (NUPL) remained positive.  That combination suggests the market suffered substantial stress without reaching the capitulation conditions seen in previous crypto winters.  Source: Glassnode$96,700 Emerges as Bitcoins Next Major Test  The next challenge is overhead supply.  Discover more  Bitcoin price tracker  Blockchain consulting services  Get Database Tools  A significant concentration of long-term-holder coins sits around $84,000 to $85,000, creating a natural area where investors may consider taking profits as bitcoins price moves through their cost

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