Treasury announces $10,000 crypto transactions to be reported to IRS: Bitcoin falls

    On Thursday, the Treasury Department said that all transactions of over $10,000 in cryptocurrencies including Bitcoin should be reported to the IRS. This causes another crash in the cryptocurrency by 6 percent to fall below $40,000. Earlier, China had tightened regulations on cryptocurrencies leading to another fall whereas Elon Musk was on his … Continue reading Treasury announces $10,000 crypto transactions to be reported to IRS: Bitcoin falls