Report: Crypto traders potentially owe IRS around $50B in unpaid taxes

A Barclays report has revealed that crypto investors might not be paying their full taxes to the Internal Revenue Service (IRS), saying that the tax gap for crypto traders could be up to $50 billion, CNBC reported. The tax gap is the difference between tax owed and tax collected. Barclays arrived at this calculation using … Read more

Chelsea’s new shirt sponsor is a crypto platform

European Champions League defending champions Chelsea Football Club signed a £20 million a year shirt deal with cryptocurrency investment platform WhaleFin. Chelsea, which is currently undergoing a transfer of ownership, has faced significant financial challenges this season after sanctions on its Russian owner Roman Abramovic. The UK government sanctioned the billionaire due to his close … Read more