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Crypto Council for Innovation Is Looking for New Leadership

The trade group includes heavyweights such as Square, Fidelity, Coinbase, and Paradigm. CCI s executive director Gus Coldebella is stepping down.  The newly launched Crypto Council for Innovation, an industry group that includes heavyweights such as Square, Fidelity, Coinbase, and Paradigm, is looking for a new boss, DealBook first reported Friday.  Gus Coldebella, who started and led the alliance as the executive director is stepping down. Coldebella, who is the chief policy officer at the investment firm Paradigm, is leaving that post as well. With CCI now on its feet, I thought the timing was right to take on a new challenge, he told DealBook Friday. 

Utah s TaxBit scores $100M in fresh funding to grow crypto tax platform

SALT LAKE CITY U.S. taxpayers will see a question, once buried in a schedule attachment, now prominently displayed near the top of the ubiquitous Form 1040 this year that reflects the IRS rising efforts to account for rising activity in cryptocurrencies as an investment target and transaction medium: At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Salt Lake-based TaxBit has been working since 2018 to help simplify and automate tax reporting duties for cryptocurrencies like Bitcoin, Ether and many others, and on Tuesday announced a $100 million Series A investment round.

Utah s TaxBit scores $100M in fresh funding to grow crypto tax platform

Utah s TaxBit scores $100M in fresh funding to grow crypto tax platform
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