On Tuesday, March 5, 2024, the Bitcoin price broke past a new all-time high (ATH) of $68,869.87. While the price only held briefly, the milestone is particularly noteworthy as it marks the first time in Bitcoin’s history where it has reached new heights BEFORE a halving event. The previous ATH of $67,567, was recorded on November 8, 2021. Although the price ascent was brief, with values now hovering between $64,000 and $68,000, the implications of this milestone may be profound. The price action in dollars marks a new ATH in 14 currencies worldwide. The surge raises critical questions about the

The U.S. Internal Revenue Service (IRS) has postponed the enforcement of reporting cryptocurrency transactions exceeding $10,000 for U.S. businesses. This delay follows a meticulous revision of the Infrastructure Investment and Jobs Act (IIJ Act) by the U.S. Treasury Department and the IRS. Initially set for January 1, these rules faced considerable criticism from the bitcoin and cryptocurrency communities, triggering legal challenges like the ongoing lawsuit by Coin Center against the Treasury Department. Traversing Regulatory Challenges in Cryptocurrency Reporting While the postponement provides temporary relief, businesses still have the obligation to comply with reporting requirements. However, the IRS has yet to