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IRS Releases Guidelines for Reporting Digital Assets, Designates Front-Ends as Brokers
The regulatory landscape surrounding decentralized finance (DeFi) has been a subject of increasing scrutiny by financial authorities worldwide. In a significant development, the final regulation now classifies DeFi front-ends as brokers, thereby subjecting them to the requirement of disclosing gross proceeds from the sales of digital assets. This regulatory measure is poised to have profound…
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Despite positive reviews, Solana’s Saga smartphone sales severely underachieve
Solana Labs’ Saga smartphone, which was unveiled in June 2022 and launched in 2023, seems to have fallen short of expectations in terms of sales. Despite receiving positive reviews, the device did not manage to gain significant traction in the market. In a recent interview with Unchained Crypto on December 5, Anatoly Yakovenko, co-founder of…