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IRS to Issue Summons for Crypto Investors’ Records

Irs To Issue Summons For Crypto Investors' Records

Key Takeaways: Taxpayers who failed to remit cryptocurrency taxes receive John Doe summonses from a US court. The decision particularly required SFOX to provide information regarding its clients who conduct crypto transactions through M.Y. Safra Bank. With a recent court…

Spot Crypto Trading Volume hits a 19-month Low

Spot Crypto Trading Volume Hits A 19-Month Low

Spot cryptocurrency trading edged lower to $1.39 trillion in July, a 1.3% monthly decline.
In July, the derivatives trading volume of major exchanges fell 5.2% MoM. Binance's trading volumes surged 76% in July

Binance US Starts Offering Zero-Fee Trading

Binance Usa Offers Zero Free Crypto Trading

Key Takeaways Customers of Binance US are not charged any fees on the spot market pairs for BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD, and there are no volume requirements. The charges were brought shortly after Binance.US announced a new, three-tier trading…

Binance to Delist LUNA Perpetual Futures Tonight

Binance To Delist Luna Perpetual Futures

Key Takeaways Binary Futures will execute automatic settlements and delist the Coin-Margined LUNA perpetual contracts.  The USDT-Margined LUNA Perpetual Contracts’ leverage and margin levels will be adjusted. All existing positions will remain the same. Each tier’s maximum leverage and beginning…