\"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n
However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n
\"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Technically, if Bitcoin rejects a move below $30K at this point, the price may plot a bullish breakout of the current consolidation high ($31,458) to make a way to the potential upside target near $33,000.<\/p>\n\n\n\n Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
However, the price narrowly survived above the current support at $30,391. A break below this level may lead the price to pull back to the immediate support at $28,500. The relative strength index (RSI) at 65.51 indicates BTC is still close to the overbought condition, which may cause a short-term retracement to the current support before it rejoins a bullish trend.<\/p>\n\n\n\n Technically, if Bitcoin rejects a move below $30K at this point, the price may plot a bullish breakout of the current consolidation high ($31,458) to make a way to the potential upside target near $33,000.<\/p>\n\n\n\n Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n IRS' filed the petition against Kraken immediately after the exchange announced that it had agreed<\/a> with the Securities and Exchange Commission (SEC) to end its staking-as-a-service program for the US clients and to pay the regulator $30 million in fines. According to the exchange's website, the staking service offered a 20% yield.<\/p>\n","post_title":"Court Orders Kraken To Disclose User Information To IRS For Tax Assessment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"court-orders-kraken-to-disclose-user-information-to-irs-for-tax-assessment","to_ping":"","pinged":"","post_modified":"2023-07-02 17:40:35","post_modified_gmt":"2023-07-02 07:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bitcoin price reached its highest monthly closing in the previous thirteen months when it closed at $30,469 at the end of June, supporting the idea that the price will seek a further recovery in July.<\/p>\n\n\n\n However, the price narrowly survived above the current support at $30,391. A break below this level may lead the price to pull back to the immediate support at $28,500. The relative strength index (RSI) at 65.51 indicates BTC is still close to the overbought condition, which may cause a short-term retracement to the current support before it rejoins a bullish trend.<\/p>\n\n\n\n Technically, if Bitcoin rejects a move below $30K at this point, the price may plot a bullish breakout of the current consolidation high ($31,458) to make a way to the potential upside target near $33,000.<\/p>\n\n\n\n Ethereum closed above $1.9K at the end of June, indicating a solid bullish momentum. Although, the price failed to sustain above the current resistance at $1,928 and dropped below this level on 1st July. Technically, it indicates a false-break pattern which may lead the price to a short-term pullback.<\/p>\n\n\n\n If ETH decides to a retracement, the price may encounter strong support around the 50 EMA at $1,838 before rebounding for a bullish move. Alternatively, we may see the price hitting the long-term resistance at $2,010 following a potential bullish breakout of the current resistance at $1,928.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Closed June Above $30K, ETH Above $1.9K, Indicating A Further Bullish Move Ahead in July","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-closed-june-above-30k-eth-above-1-9k-indicating-a-further-bullish-move-ahead-in-july","to_ping":"","pinged":"","post_modified":"2023-07-02 17:43:04","post_modified_gmt":"2023-07-02 07:43:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12310","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12308,"post_author":"1","post_date":"2023-07-02 17:40:29","post_date_gmt":"2023-07-02 07:40:29","post_content":"\n Cryptocurrency exchange Kraken has been ordered by the federal court to submit information related to the historical transactions and users' accounts to the Internal Revenue Service (IRS). The agency reportedly wants to check if there are any underreported taxes by the exchanges' users.<\/p>\n\n\n\n IRS filed a petition in the Northern District of California in February seeking to have the data of customers who transacted more than $20,000 between 2016 and 2020. In the filing, the taxman accused the crypto exchange of failing to comply with the earlier summons issued in 2021.<\/p>\n\n\n\n \"Despite the discussions between the parties, Payward Ventures Inc. (one of the affiliated entities to Kraken) has failed to comply with the summons and has not produced the books, records, papers, and other data demanded in the summons,\"<\/em> IRS said in the petition<\/a>. <\/p>\n\n\n\n Specifically, the IRS wants the account details, including user names, birthdates, taxpayer identification numbers, addresses, phone numbers, and email addresses, among other information. Additionally, the tax agency is demanding blockchain addresses and transaction hashes.<\/p>\n\n\n\n However, Judge Joseph Spero, the judge presiding over the matter, has declined some of the IRS' requests, including the request to be provided with the employees' information and their sources of wealth.<\/p>\n\n\n\n \"The Court finds that to the extent the first three requests are aimed at establishing the identities of the Kraken account holders who fall within the Doe definition, the information sought in these requests is much broader than what is necessary to achieve that purpose for the vast majority of Doe users,\" <\/em>Judge Spero wrote<\/a>. <\/p>\n\n\n\n
ADVERTISEMENT
ADVERTISEMENT
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
![\"Ethereum](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/07\/ETHUSD_2023-07-02_12-14-17-1160x493.png\")
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\n
Requested Information<\/h2>\n\n\n\n
ADVERTISEMENT
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\n
Requested Information<\/h2>\n\n\n\n
