US Treasury finalizes crypto rules to prevent tax evasion

US Treasury finalizes crypto rules to prevent tax evasion

While people who own and sell cryptocurrencies have always had to pay taxes on their income, a new rule finalized by the U.S. Treasury Department can ensure that they pay the appropriate amount on their sales. The new rule will require cryptocurrency platforms such as exchanges and payment processors to report their users’ transactions to … Read more

The owner of Redbox has filed for Chapter 11 bankruptcy

The owner of Redbox has filed for Chapter 11 bankruptcy

Chicken Soup for the Soul Entertainment, which acquired movie rental service Redbox in 2022, filed for Chapter 11 bankruptcy protection, Deadline reports. The company recently disclosed net losses of $636.6 million for 2023 in an SEC filing, and Deadline Just days ago, it was reported that the company had suspended medical benefits and missed payroll … Read more