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No precedent: IRS court settlement doesn’t clarify crypto staking taxes

There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression.

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Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit

On February 2, 2022, the Wormhole Network’s ethereum solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds…

Continue ReadingJump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit