In your nightly crypto news wrap-up, we bring you the top crypto stories. Binance’s CEO sees this bear market as “Normal market behavior”, The IRS launches a new initiative to punish those who avoid paying their crypto taxes and who uses more energy? Banking, or Bitcoin?

What We Discuss:
0:00 Intro
0:22 Changpeng Zhao News Clip
0:42 Bear Market
1:58 Market Watch with Frankie Candles
3:05 IRS’ Crypto Tax Crackdown
4:09 Bitcoin vs. The Bank

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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.

SOURCES:

https://www.aa.com.tr/en/economy/us-fed-raises-interest-rates-by-75-basis-points-biggest-hike-in-28-years/2614764#:~:text=The%20US%20Federal%20Reserve%20on,to%201.5%25%2D1.75%25%20range.
https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-david-w-klasing–the-irs-is-targeting-crypto-coin-tax-evasion-with-operation-hidden-treasure-301566728.html

https://huffman.house.gov/media-center/press-releases/huffman-leads-colleagues-in-letter-calling-for-increased-oversight-of-cryptocurrencys-environmental-impacts
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4125499
https://cointelegraph.com/news/banking-uses-56-times-more-energy-than-bitcoin-valuechain-report

#crypto #cryptonews #bitcoin #bitcoinnews

This post was originally published on BitBoy.