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Log in to Coinbase next tax season, and your tax documents might no longer arrive by mail.Under a new IRS proposal, crypto exchanges could be required to file Form 1099-DA electronically. This form reports digital asset trades, and could refuse to do business with customers who decline to provide it.The comment period closes May 5, and if finalized, the rule would shift crypto tax reporting from the mailbox to the platform.This is not a tax cut or a rollback of reporting requirements. Brokers still send identical information to the IRS regardless of how they deliver forms to customers. The proposal…

A class action lawsuit has been filed against prediction market Kalshi, alleging that the death carveout in the “Ali Khamenei out as Supreme Leader” market was not properly disclosed to users and that the platform failed to pay out winning trades.The plaintiffs said that the death carveout policy was “not incorporated into the user-facing rules summary,” and was not displayed in a way that would notify a “reasonable consumer” of the policy or its effects.“Defendants, themselves, later acknowledged that their prior disclosures were ‘grammatically ambiguous,’” the lawsuit filing said. The class action lawsuit against Kalshi. Source: Court ListenerKalshi voided trading…

The hype around web 3.0 has been growing at an unreal pace in recent months. However, anyone interested in web3 would know that the internet has evolved by huge margins since the early 90s version. The demand for resources to become web3 expert has been soaring higher with a revolutionary rise in attention towards the principles underlying web3.  With the revised set of technological principles, web3 can offer the ideal foundation for digital solutions of future. According to Gartner, almost 25% of people would use the metaverse for at least one hour a day by 2026. Blockchain technology and decentralized…

The Crypto Fear and Greed Index, one of the most widely used gauges of crypto investor sentiment, has fallen back down to “extreme fear” levels after briefly recovering on Wednesday.The Crypto Fear and Greed Index is at 18 at the time of this writing, down from the 20 recorded on Friday, according to CoinMarketCap. 20 signals “fear,” an atmosphere of caution among investors, but an improvement over rock-bottom market sentiment.Sentiment briefly spiked to 25 on Wednesday, but contracted as geopolitical tensions between the US, Israel and Iran continue to erode risk appetite and increase macroeconomic uncertainty among market participants. The…

SIGN Surges Over 100% as Sign Global’s Pivotal Role in Sovereign Digital Infrastructure Unveiled – Chainwire HomeNewsroomSIGN Surges Over 100% as Sign Global’s Pivotal Role in Sovereign Digital Infrastructure Unveiled We use cookies to make Chainwire’s website a better experience. Cookies help us provide a more personalized experience and relevant advertising for you, and web analytics for us. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an…

Key highlights: Binance will suspend Polygon network deposits and withdrawals on March 4 at 13:00 UTC to support the MATIC Lisovo upgrade. The Polygon Lisovo hardfork is scheduled at block 83,756,500, around 14:00 UTC the same day. Trading will continue normally, and services will resume automatically once the upgraded network is stable. Binance has confirmed that it will support the upcoming network upgrade and hard fork of Polygon(MATIC), and will have temporary service suspensions scheduled for March 4. The exchange said deposits and withdrawals for tokens on the Polygon network will be halted starting at 13:00 UTC on March 4,…

In brief Senator Chris Murphy has alleged people with White House access placed six-figure predictions market bets the day before the U.S. struck Iran. Blockchain analytics firm Bubblemaps previously identified six accounts that collectively made $1.2 million betting on U.S. strikes on Iran, with no prior trading history. Murphy said he plans to introduce legislation banning “destabilizing prediction markets.” A series of unusually timed prediction market bets placed just hours before U.S. strikes on Iran has triggered fresh accusations of insider profiteering, with Senator Chris Murphy (D-CT) warning that individuals with advance knowledge of military decisions may have made money…

a16z crypto, the crypto-focused venture capital arm of Andreessen Horowitz, is reportedly seeking about $2 billion for its fifth crypto fund.The raise arrives as the broader crypto market endures a downturn, with venture capital firms also facing mounting pressure.a16z Crypto Dials Down Fund Size with Blockchain-Focused Round for 2026According to Fortune, the firm aims to close the round by the end of the first half of 2026. This fifth fund will exclusively focus on blockchain investments.The latest fund is significantly smaller than a16z crypto’s fourth $4.5 billion fund. BeInCrypto reported in 2022 that the fund was split into $1.5 billion for seed…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Coinbase’s chief publicly accused big banks of trying to choke off parts of a law meant to clear the rules for stablecoins and other crypto products. Brian Armstrong said banks were pushing terms that would make the law less useful to crypto firms, a charge that has widened into a political spat that now involves the White House. Banks And Crypto Firms Clash US President Donald Trump’s public comments this week stepped into that fight. He used his social feed to complain that banking interests were trying…

SKY, the native token of DeFi platform Sky (formerly Maker), climbed nearly 10% after the protocol executed a governance proposal that slowed how quickly new tokens are created through staking rewards, expanded its lending system around the USDS stablecoin, and kept up a large buyback program that is pulling tokens out of the market.The governance proposal, which passed Feb. 27 and was executed March 2, introduced several changes across the Sky Protocol, including adjustments to staking rewards and the onboarding of new credit infrastructure designed to expand the reach of its USDS stablecoin ecosystem.One of the most closely watched changes…