Jeremy Hogan, partner at law firm Hogan & Hogan, theorized that the transaction might be an attempt to reveal the identity of Bitcoin’s creator leveraging new U.S. tax rules. Taxpayers in the U.S need to report every crypto transaction over $10,000 to the Internal Revenue Service (IRS) starting this year.
Grayscale’s GBTC Sees Inflow for First Time Since Bitcoin ETF’s January Debut
While the Friday inflow ends the streak of net GBTC withdrawals, BlackRock's iShares Bitcoin Trust (IBIT) is challenging the fund...