‍Bybit Partners with Taxbit to Enhance Crypto Tax Reporting Amid CARF & DAC8 Implementation Bybit has announced a strategic partnership with Taxbit, a leading digital asset tax and accounting solutions provider. This collaboration aims to bolster Bybit's global tax compliance capabilities under the new Crypto-Asset Reporting Framework (CARF) and the EU’s DAC8 directive. The integration of Taxbit’s infrastructure will facilitate automated, CARF-compliant tax information reporting for Bybit, simplifying compliance for traders across over 70 jurisdictions. This proactive step underscores Bybit's commitment to a transparent and secure trading environment.

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Seamless Crypto Tax Reporting: Bybit Teams Up with Taxbit for CARF & DAC8

Bybit, the world

‍Privacy Coins: A Return to Millennia-Old Financial Norms Privacy coins like Monero (XMR) and Zcash (ZEC) are not radical innovations, but a digital return to the long-standing tradition of anonymous, permissionless exchange. For millennia, physical money ensured privacy, a norm eroded by the "70-year experiment" of financial surveillance starting mid-20th century with credit cards and KYC protocols. The rise of traceable digital payments and CBDCs, with potential for governmental control and account freezing (e.g., Canada's Freedom Convoy 2022), highlights the need for alternatives. Privacy coins offer a secure means to store and transfer value, akin to physical cash, safeguarding financial freedoms in an increasingly monitored world. They represent a defense of ancient commerce norms against modern surveillance.

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Privacy Coins: A Return to Millennia-Old Financial Norms, Not a Radical Anomaly

The historical landscape of financial transactions has seen a dramatic shift, moving from an era of inherent privacy to one dominated by unpreceden...

‍Aggressive Trader "All-In" on Bitcoin Short Amidst Liquidations Trader James Wynn has reportedly suffered multiple liquidations on his main Hyperliquid account, with his wallet value falling to $5,422. Despite these losses, Wynn has doubled down on his Bitcoin short positions, transferring all remaining stablecoin funds into his leveraged bets. He predicts Bitcoin's price will fall below $92,000. Data indicates that other "smart money" traders also hold significant short positions, collectively reaching $223 million on the Hyperliquid platform.

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Aggressive Trader James Wynn Goes "All-In" on Bitcoin Short Amidst Liquidations

While the cryptocurrency market recently experienced a recovery, catching many off guard, high-leverage traders who bet against the rally faced...