Denver Crypto Group

#crypto community and consulting

[Denver Crypto Group @DenverCryptoGrp]

Crypto Newsletter March '25, talking about #TrumpCoin, #BTC price, and some exciting projects we'll be discussing at our next meetup on March 18th! https://t.co/i8E27PZ8hf

[Clinton Donnelly @CryptoTaxFixer]

The rollout of the 1099-DA form is being staggered over two years, with the first phase covering the 2025 tax year. This means you won’t receive a 1099-DA until January or February of 2026, but it will reflect your activity for 2025. The form will include your address, taxpayer ID number, and typical information, but it will also detail what was sold.

For example, if the form comes from #Coinbase, it will state the number of coins sold, their type, and the total amount of money you received.

If you traded one coin for another, rather than cash or fiat, the form will specify what you received in exchange. So, both sides of the trade will be visible to the IRS.

There was an initial uproar over the draft version of the 1099-DA, which included wallet addresses, but that has been delayed. While it may seem like a positive change, it’s only temporary. The #IRS won’t enforce the reporting of wallet addresses until the 2026 tax year, meaning you'll see that information on the forms you receive in 2027.

This phased approach means that, by the second year, the 1099-DA will include additional rows. For example, if you transferred assets from Coinbase to a #Ledger wallet, the form will show Coinbase's wallet address, the amount transferred, your receiving wallet address, and the date and time of the transfer.

Over time, this will give the IRS visibility into all the wallets you own, including those for different cryptocurrencies, not just Bitcoin.

Ultimately, this will provide the IRS with more insight into your trades and transfers, whether taxable or not, adding complexity to gain calculations.

#crypto #defi $btc $eth #kraken

[John Foss @johnfoss69]

For anyone interested, @XmrStreet has said they will triple the bounty if you can trace the tx. #monero #xmr

[Denver Crypto Group @DenverCryptoGrp]

🎉Crypto Newsletter for June '24 is out!
Read on for #Bitcoin trading levels, an #Ethereum #ETF breakdown and an exciting announcement about the #Crypto Investing Club.

https://t.co/wJQovEOqSv

[Ada Palmer @Ada_Palmer]

An astonishing new discovery has been made that could have significant implications not just for basic science but for applications like desalination: the photomolecular effect, whereby light alone (not heat) can cause water to evaporate. #ShareGoodNewsToo https://t.co/VkpFj63ydn

[Denver Crypto Group @DenverCryptoGrp]

https://t.co/H99yJH5Toc

[Denver Crypto Group @DenverCryptoGrp]

📢 Crypto Newsletter for April '24 is out now!

Learn how to fix your "Crypto Blind Spots" and what the heck #Ordinals and #Runes on #Bitcoin are.
https://t.co/yX33veaJt1

[Attorney Bose @BoseEsquire]

The US government is not coming after #Bitcoin. #BTC is now safely a corporate asset and provides big wigs a place to earn yield and safeguard wealth. What they are coming after is #privacy and #anonymity, the heart of control. Control of the populous by control of $ resources.

[Jake Chervinsky @jchervinsky]

Real talk: the greatest policy threat to crypto by far is the allegation that North Korea funds its missile program by hacking smart contracts.

We spend so much time every day talking about issues like what the Howey test means and whether DAOs should be wrapped in a legal entity structure. Yes, these things matter for crypto's future.

But if crypto gets banned in the developed world, it won't be because of securities laws outlawing token distributions, or banking regulators creating a moat for TradFi incumbents, or anything mundane like that.

It will be because of national security. It will be caused by an increasingly common view among anti-crypto policymakers that crypto doesn't have a use case other than gambling and crime, and that the risk of allowing crypto to continue to exist far outweighs the potential benefits that blockchain developers have promised but not delivered for years.

Years ago, we could dismiss policymakers who held a view like this as uninformed. If only we could explain to them how great blockchains are, then surely they would change their minds! If only they could understand that they have no choice because crypto can't be stopped, then they'll realize they need to play ball! "It's an education problem" is something we've said early and often in crypto policy.

Not any more.

Broadly speaking, it's still true that most policymakers don't understand the massive opportunity that crypto offers to fundamentally reshape how people conduct their digital lives in overwhelmingly positive ways. But many have now learned what a permissionless, trust-minimized, censorship-resistant public blockchain can do, and they hate it. They understand the difference between centralized and decentralized technology, and they'll pick centralized every time.

This is why 20 (!) senators signed on to Elizabeth Warren's "Digital Asset Anti-Money Laundering Act," even though it's just a crypto ban in disguise. This is why DOJ tries to put the founders of Tornado Cash in prison. This is why FinCEN proposes new rules that treat essentially all of DeFi as a "primary money laundering concern." This is why privacy-preserving assets are delisted from exchanges.

I could write thousands more words about the policy challenge here: how do we explain the benefits and promise of crypto more effectively, how do we design regulatory frameworks that reduce risk while honoring decentralization, how do we support and empower our advocacy organizations to do their best work, etc.

But ultimately, the burden is on the builders in the industry to do better. We need better cybersecurity practices to defend against hacks in the first place. We need to bolster and implement web3 security tools to detect fraud and mitigate its damage.

We need to prioritize decentralization.

Someone will reply to this with a version of "who cares what governments say, crypto is self-sovereign." I get it, and I'm here for it if worse comes to worst, as it has in many countries around the world where crypto is a lifeline.

But make no mistake, that would be "worst" — our work misused by a brutal dictator and banned in our homes — regardless of whether blocks keep getting added to blockchains. Let's work just as hard to stop that outcome as we do to develop product-market fit.

[Naomi Brockwell priv/acc @naomibrockwell]

This is insane.

Looks like Facebook did a man-in-the-middle attack using their VPN service to steal data from other apps. This enabled them to see all SSL traffic, by creating a fake digital certificate to impersonate Snapchat, YouTube, Amazon etc.

Seriously?

[Home Assistant @home_assistant]

Actions speak louder than words. Check out today’s stream to see how we’re taking action.

Introducing the @openhomefndn, a new non-profit launched to fight for smart home principles of privacy, choice, and sustainability.

Read more 👇🏼
https://t.co/gI3KJm7lQx

[Gurwinder @G_S_Bhogal]

For decades, smart people have been quietly turning your life into a series of games. They've been doing this because the easiest way to make you do what they want is to make it fun.

So how do we play, without getting played?

My new essay.
https://t.co/ObAVw06NTr

[Denver Crypto Group @DenverCryptoGrp]

📢 March Newsletter out now!! ♨️
Discussing how ETF's may be bad for #Bitcoin and how to prepare your self-custody for the next bull run!
https://t.co/i6QqJYmXW3

[Denver Crypto Group @DenverCryptoGrp]

📢 January Newsletter is out now!! 📢

Covering #Bitcoin ETF and major #tax changes for US crypto users.

https://t.co/8SnQzwTNIo

[Denver Crypto Group @DenverCryptoGrp]

📢 First event of 2024 for the Denver #Crypto Group:
Solana - What's behind the recent hype? https://t.co/XSS8w6FXQ6

[GOO$E Magazine @GooseMagHQ]

Gamification Will Drive Next-Level Tech @CryptoTweetie @artlimber Co-author of, Cryptocurrency Mining for Dummies, published, Gamify or Die: Blockchain Gamification Guide. Why gamification will be an important for developers growing their community. https://t.co/2vNXHYmJux

[Chill Brimer ❤️‍🔥🗽🆙 @CryptoTweetie]

Too many startups build first and try to attract users later.

Gamification forces you to profile your end user and to incorporate their needs and wants into the design of your application from the beginning!

[Thunder.Build ⚡ @Thunder_Build_]

🎉Thrilled to announce Deverick Simpson as a speaker at Thunder Build! With a background in psychology & cybersecurity, he offers a fresh take on Lightning Network ⚡️ @deverickapollo is also making waves contributing to open-source projects like RaspiBlitz and Umbrel.

[Thunder.Build ⚡ @Thunder_Build_]

📢Excited to announce @CaitlinLong_ as a Thunder Build speaker! As CEO at @custodiabank she is a fearless advocate for economic freedom & a driving force behind making #Wyoming a blockchain oasis 🌴 We are super excited to hear her invaluable #Btc insights in October!!!

[Denver Crypto Group @DenverCryptoGrp]

With #cryptoscam'ming on the rise it's critical you think twice (or even thrice) before sending funds anywhere new.

Take the #DenverCrypto Group's #Quiz to figure out your "Scam Score". Anything more than 1 point means you're in the #dangerzone!!!!

https://t.co/MNVTQpShk5