Crypto donation startup launches IRS form as US tax season loom
Nonprofits are required to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar. Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations.The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday.According to Engiven, nonprofits have to file IRS Form 8282 for crypto donations of $500 or more if donated....
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In an interesting turn of events, one altcoin has seemingly come out of nowhere to dominate the discussions around crypto over the last week. Loom Network, with its native token LOOM, has barreled ahead of the likes of Bitcoin in this metric. Loom Network (LOOM) Takes The Spotlight In an X (formerly Twitter) post on […]
The Loom Network (LOOM), a multichain interoperability platform geared towards scaling high-performance decentralized applications (DApps), has surprised many with a 264% rally in just a month. Adding to the excitement, the renowned crypto exchange platform, Gate.io, has recently announced its decision to list the altcoin LOOM for trading. As of the latest figures from CoinGecko, LOOM stands at a trading price of $0.145481, marking an impressive 28% rally within the past 24 hours and a 148% surge over the last seven days. Gate.io Embraces Altcoin Momentum The surge in the altcoin value....
CoinJar is getting into the holiday spirit, or as they call it, “the bitcoin-giving spirit.” The personal finance startup is running the CoinJar Bitcoin Donation Showdown this Christmas season to help raise funds in support of two non-profit organizations. Dubbed ‘Puppies vs. Computers,’ the CoinJar team has created a friendly competition between two of their favorite Australian non-profits, PetRescue and Electronic Frontiers Australia. The two organizations will face off in an attempt see which one can raise the most bitcoin donations. The CoinJar Bitcoin Donation Showdown team is....
Is the Loom Network drama settled now? One of Loom Network's former employees recently leaked information about the company's Kickstarter-funded game, Relentless (also called Zombie Battleground). The leak alleged that the project, and potentially the entire Loom Network, were no longer actively being developed. The former employee, who has not worked for the company in over a year, claimed that the issues largely stemmed from Loom's former CEO, Matthew Campbell. Campbell left Loom in Feb. 2020, and was replaced by a new CEO."Dilanka accessed our Kickstarter account without authorization....
The Ukrainian government has launched an official cryptocurrency donation website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The donation platform is a collaboration between the Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency exchange FTX.
Government’s Crypto Donation Website Now Live
The Ministry of Digital Transformation of Ukraine announced Monday that it has launched the official “Aid For Ukraine” website to raise funds in support of the Ukrainian....