Ethereum startup Aztec Network has raised $17 million in a Series A funding round, helping its efforts bring programmable privacy to Web 3 transactions. The funding round was led by Paradigm, and Aztec says the funds will be used expand its team of engineers and cryptographers, decentralization efforts, and advance its zero-knowledge technology.
Investors must report taxable 2021 transactions involving cryptocurrencies to the federal government. The IRS began asking about crypto investments in 2019 and has since asked taxpayers on 1040 forms: “At any time during 2021, did you receive, sell, exchange or otherwise dispose of any financial interest in any virtual currency?”