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IRS Proposes Electronic-Only Tax Reporting for Crypto Brokers

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IRS Proposes Electronic-Only Tax Reporting for Crypto Brokers The US Internal Revenue Service (IRS) has proposed a rule that would allow digital-asset brokers to provide tax statements exclusively in an electronic format. The proposal, published as a notice of proposed rulemaking in the Federal Register, would amend regulations under section 6045 of the Internal Revenue Code. These rules govern how brokers must report digital-asset transactions to the authorities. Under the change, brokers reporting crypto trades using Form 1099-DA would be permitted to obtain customer consent for electronic statements without offering a paper delivery alternative. Operational costs and high-frequency trading The IRS stated that the measure is intended to reduce compliance burdens as digital-asset trading expands and investors generate a large number of transactions each year. “Transactions involving digital assets are almost exclusively conducted electronically,” the Treasury Department and I...
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Traders Faded the Breakout, Then Chased It - Bitcoin

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Traders Faded the Breakout, Then Chased It - Bitcoin  Bitcoin ’s move toward $73,000 appears to have been driven largely by  derivatives  positioning rather than spot demand. Market data suggests traders initially leaned heavily short and attempted to fade the breakout, only to reverse course and chase the rally as price continued higher, a classic crypto positioning cycle. On 3 Mar, 01:00UTC, Bitcoin was trading near $68,800 while perpetual  futures   funding rates  were deeply negative, around -0.02% to -0.027% per funding interval. Such levels imply traders were paying significant carry to maintain short exposure, typically reflecting a broad expectation that a rally will fail. Instead, price moved higher. Roughly eight hours later, Bitcoin briefly dipped toward $66,600 before reversing and beginning a sustained advance. Over the following day, the asset pushed above $71,000, marking the start of the breakout phase that ultimately carried it toward $73...
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InvestingLive Americas FX news wrap 6 Mar:Weak jobs report meets oil-driven inflation risk

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InvestingLive Americas FX news wrap 6 Mar:Weak jobs report meets oil-driven inflation risk The focus shifted to the US jobs report released at 8:30 AM from the barrage of news from the Middle East.  February U.S. employment report showed a noticeable slowdown in hiring , with nonfarm payrolls falling by about  92,000 , well below expectations for modest job growth. The  unemployment rate edged up to 4.4% from 4.3% , pointing to some softening in labor market conditions. Part of the weakness was linked to temporary factors, including  health-care strike activity that removed roughly 31,000 workers from payrolls , along with  weather-related disruptions  that may have weighed on hiring during the month. Looking beneath the headline, several sectors posted declines, including  construction, manufacturing, leisure and hospitality, and private education and health services , while a few areas such as  financial activities and wholesale trade  sa...
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USD/JPY poised to test 158.00 despite weak US jobs data

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USD/JPY poised to test 158.00 despite weak US jobs data USD/JPY climbs even though US payrolls dropped in February. Unemployment rises to 4.4%, lifting odds of a Fed rate cut to 50%. BoJ warns Yen volatility could impact inflation and monetary policy outlook. The USD/JPY rises and challenges the 158.00 figure on Friday up over 0.20% after the latest employment report in the US revealed weakness in the labor market. Also, the Middle East conflict deteriorates market mood, maintaining the US Dollar bid during the week. US Dollar holds firm on risk aversion even as NFP miss boosts Fed cut bets February’s Nonfarm Payrolls print was worse than expected as the US economy slashed 92K jobs in the month missing estimates for a creation of 59K jobs. At the same time, the Unemployment Rate rose from 4.3% to 4.4% a tenth below the Federal Reserve’s 4.5% projected for 2026, with the data increasing the chances for a rate cut in the foreseeable future. Money markets saw the odds for a 25-basis poi...
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Black Market Dollar to Naira Rate - 06/03/2026

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Black Market Dollar to Naira Rate - 06/03/2026 Today's Black Market Dollar to Naira Rate Dollar to Naira exchange rate in Nigeria black market has an average of ₦1,400.00 today on 01/03/2026, according to 1 sell rate shared by the users as comments. Dollar to Naira exchange rate in Nigeria black market has an average of ₦1,400.00 today on 01/03/2026, according to 1 buy rate shared by the users as comments. Buying dollars in the black market is ₦1,400.00 Selling dollars in the black market is ₦1,420.00 Buy: ₦1,400 Sell: ₦1,420
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