President Biden eyes $5 billion revenue from crypto in 2023

The recently submitted Budget proposal for the 2023 fiscal year reveals that President Biden is looking to generate more tax revenue by adopting new crypto tax reporting rules. A US Treasury Department revenue explanation accompanying the proposal reveals the extent of the new regulations. According to the White House, the government can make up to $11…

Hoarding cash? Bitcoin delivered 99.996% deflation this year

With inflation at an all-time high in the United States, it is no surprise that investors are actively searching for an investment vehicle that would help them to properly hedge against this rising tide. Bloomberg, in one of its recent articles, has revealed that the choice investment asset for many of these investors is the…