Steps to Download the X1 App Unveiled: BlockDAG Presale Soars to $57.1M Amid Bitcoin Tax Payments & Polygon (MATIC) News

The cryptocurrency habitat is dominated by heavyweights such as Bitcoin, Polygon, and BlockDAG. Bitcoin is on the verge of a significant milestone with a proposed bill allowing Bitcoin tax payments for federal income taxes. Polygon (MATIC) faces potential sell-off pressures. Meanwhile, BlockDAG is experiencing a remarkable rise, propelled by its launch of the BlockDAG X1 […]

The post Steps to Download the X1 App Unveiled: BlockDAG Presale Soars to $57.1M Amid Bitcoin Tax Payments & Polygon (MATIC) News appeared first on Coin Edition.

Steps to Download the X1 App Unveiled: BlockDAG Presale Soars to $57.1M Amid Bitcoin Tax Payments & Polygon (MATIC) News

The cryptocurrency habitat is dominated by heavyweights such as Bitcoin, Polygon, and BlockDAG. Bitcoin is on the verge of a significant milestone with a proposed bill allowing Bitcoin tax payments for federal income taxes. Polygon (MATIC) faces potential sell-off pressures.

Meanwhile, BlockDAG is experiencing a remarkable rise, propelled by its launch of the BlockDAG X1 Miner App on the Apple Store and an impressive $57.1 million in presale funds. This article details the steps to download the X1 app and updates on the latest news about Bitcoin and Polygon.

U.S. Moves Towards Bitcoin Tax Payments

Republican Congressman Matt Gaetz has introduced a bill proposing Bitcoin tax payments for federal income taxes, potentially setting a trend for other cryptocurrencies like XRP. The bill aims to amend the Internal Revenue Code to allow Bitcoin as a valid payment method, instantly converting Bitcoin to US dollars to maintain seamless tax processing.

This move, inspired by global trends such as El Salvador’s adoption of Bitcoin, aims to modernize the US tax system and enhance financial innovation. The proposal could significantly influence the regulatory arena and enc…

The post Steps to Download the X1 App Unveiled: BlockDAG Presale Soars to $57.1M Amid Bitcoin Tax Payments & Polygon (MATIC) News appeared first on Coin Edition.