Amazon Web Services Now Supports Ethereum Out-Of-The-Box – March 3

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $51,690

Bitcoin price has leaped back above the $51,000 level in a powerful move to begin Wednesday.

Top-20 altcoins continue to rise, as Ethereum gains 3%, XRP 3% and NEM leads the pack with a 12% advance.

Top Stories for March 3, 2021 πŸ”₯

πŸ‘‰ Amazon Web Services Now Supports Ethereum Out-Of-The-Box

Amazon Web Services is now supporting Ethereum out-of-the-box, via its managed blockchain service.

The service will enable customers to easily provision Ethereum nodes quickly and connect to the both the mainnet and testnets.

The integration may increase the ability for new nodes to join the network, possibly adding to the current total of about 8,000.

πŸ‘‰ IRS Clarifies Crypto Reporting Requirements For Purchases With Fiat

The US Internal Revenue Service (IRS) has clarified that investors who only purchased crypto with fiat currency do not need to report their transactions under the “virtual currency” question.

The question appears on the first page of the US individual “1040” tax return form, which asked a broad question regarding virtual currencies in 2020.

πŸ‘‰ Crypto Tax Startup Raises $100M From PayPal, Bill Ackman & Others

TaxBit, a cryptocurrency tax and accounting startup, has raised over $100 million in a Series A round led by payments giant PayPal and others.

Money raised in the round will be used to invest in software that will ease operations and enable the company to expand internationally.