Ripple Breaks Into Legacy Banking Systems Through DXC’s $5T Core Platfo

 

Global banking modernization continues to accelerate as institutions evaluate enterprise blockchain adoption. DXC Technology (NYSE: DXC), an enterprise technology and innovation partner, announced a strategic partnership with Ripple on Jan. 21, 2026, focused on expanding digital asset custody and payment capabilities for regulated financial institutions.

The collaboration brings Ripple’s blockchain-based custody and payments tooling into DXC’s Hogan core banking environment. The announcement notes:

“DXC integrates Ripple’s institutional-grade blockchain technology into its Hogan core banking platform, which supports $5 trillion in deposits and 300 million accounts globally.”

Global Head and General Manager of Financial Services Sandeep Bhanote stated: “For digital assets to move into the financial mainstream, institutions need secure custody and seamless payment capabilities.” He described the partnership as a way for banks to engage with digital assets while maintaining existing operational frameworks, linking traditional accounts, wallets, and decentralized platforms without altering mission-critical systems.

Read more: Ripple Highlights Bullish Case for Regulated Stablecoins

As banks and fintechs face pressure to modernize amid evolving customer and regulatory expectations, the partnership aims to move institutions beyond limited pilot programs and into live production environments. Vice President and Managing Director for North America Joanie Xie explained that embedding digital asset custody, RLUSD, and payment functionality directly into core banking platforms supports secure and compliant deployment at enterprise scale.

The collaboration also aligns with Ripple Payments, a licensed cross-border payment solution, and Ripple Custody, which supports the management of digital assets, stablecoins, and real world assets. Together, DXC and Ripple position their combined offering as a bridge between legacy financial infrastructure and onchain finance, enabling banks to adopt crypto-related services while preserving stability, compliance, and operational continuity as digital assets gain traction across global markets.

FAQ ⏰

• What does the DXC and Ripple partnership enable for banks?
  It allows banks to deploy digital asset custody and payments directly within the Hogan core banking platform.
• How many accounts does DXC’s Hogan platform support globally?
  Hogan powers more than 300 million deposit accounts and over $5 trillion in deposits worldwide.
• Which Ripple products are integrated into DXC’s core banking systems?
  The integration includes Ripple Custody, Ripple Payments, RLUSD, and blockchain-based payment tooling.
• Why is this partnership significant for regulated financial institutions?
  It enables compliant, enterprise-scale adoption of digital assets without changing mission-critical banking systems.

source https://news.bitcoin.com/ripple-expands-into-core-banking-through-dxcs-5-trillion-platform

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Ultimate Guide to Crypto Taxes in the US 2026: How to Pay Taxes on Cryptocurrency

In the dynamic landscape of digital assets, mastering crypto taxes in the US 2026 is vital for investors, traders, and enthusiasts. As cryptocurrency continues to integrate into mainstream finance, the IRS has ramped up enforcement, treating crypto as property for tax purposes. Whether you're holding Bitcoin, trading Ethereum, or earning from DeFi protocols, understanding how to pay taxes on cryptocurrency in the US can prevent costly penalties and optimize your returns. This in-depth guide explores the technical and financial intricacies of cryptocurrency taxation in the US, including taxable events, calculation strategies, reporting forms, and cutting-edge tools. With new broker reporting rules via Form 1099-DA kicking in for 2025 transactions (filed in 2026), compliance is more critical than ever.Why Crypto Taxes Matter in the US: A Tech and Finance LensCryptocurrency leverages blockchain technology for secure, decentralized transactions, enabling innovations like smart contracts on Ethereum and NFTs on platforms like Solana. From a monetary perspective, crypto taxes in the US directly affect your portfolio's profitability—gains are taxable, but losses can offset other income, improving your financial position. The IRS classifies crypto as property under Notice 2014-21, meaning disposals trigger capital gains taxes.In 2026, non-compliance can result in audits, penalties up to 75% for fraud, or even criminal charges. Technologically, blockchain's transparency aids IRS tracking via tools like Chainalysis, but wallet privacy and cross-chain activities complicate record-keeping. Financially, strategic crypto tax planning in the US—such as tax-loss harvesting—can reduce your effective tax rate, freeing up capital for reinvestment.Key 2026 insights: Over 50 million Americans own crypto, per surveys, and the Infrastructure Investment and Jobs Act mandates broker reporting starting with 2025 sales, enhancing IRS oversight.Taxable Events: When Do You Owe Crypto Taxes in the US?The IRS taxes "dispositions" of crypto, where value is realized. Identifying taxable events in cryptocurrency is essential for accurate reporting.Taxable Crypto Transactions

• Selling Crypto for Fiat: Converting BTC to USD on exchanges like Coinbase realizes capital gains based on the difference between sale price and cost basis.
• Crypto-to-Crypto Trades: Swapping altcoins (e.g., ETH for USDT on Uniswap) is taxable, using fair market value (FMV) at the trade time.
• Using Crypto for Purchases: Spending crypto via payment processors like BitPay triggers taxes on appreciation.
• Mining and Staking Rewards: Income from proof-of-work (PoW) mining or proof-of-stake (PoS) staking is ordinary income at FMV upon receipt, plus self-employment taxes if it's a business.
• DeFi Yields and Airdrops: Earnings from yield farming on Aave or free airdrops are taxable as ordinary income when controllable.
• NFT Sales and Royalties: Disposing of NFTs or receiving creator royalties incurs capital gains or ordinary income taxes, with blockchain metadata aiding valuation.

Non-Taxable Crypto Activities

• Buying Crypto with Fiat: Acquiring with USD isn't taxable—it's establishing a cost basis.
• Holding (HODLing): Storing in hardware wallets like Trezor doesn't trigger taxes until sale.
• Wallet Transfers: Self-transfers between wallets (e.g., exchange to personal) are non-taxable.
• Gifting Crypto: Gifts under $18,000 (2025 annual exclusion) are exempt, but large gifts may require Form 709.

Tech tip: Use explorers like Blockchain.com to track transaction IDs. Financially, hold assets over a year to qualify for lower long-term rates, a key strategy in volatile markets.Calculating Your Crypto Taxes: Methods and FormulasHow to calculate crypto taxes in the US requires tracking cost basis and gains. The IRS allows FIFO (First-In-First-Out), LIFO (Last-In-First-Out), or Specific Identification, but consistency is key.Step-by-Step Calculation

1. Establish Cost Basis: Include purchase price plus fees (e.g., gas fees on Ethereum) in USD, using historical rates from APIs like CoinGecko.
2. Determine FMV: Use USD value at the exact time of disposition from reputable sources.
3. Compute Gains/Losses: Gain = FMV - Adjusted cost basis. Short-term (<1 year) taxed at ordinary rates; long-term (>1 year) at preferential rates.
4. Offset and Carry Forward: Losses offset gains; excess can offset up to $3,000 of ordinary income, with unlimited carryforward.

Example: Bought 1 BTC for $40,000 in 2024; sold for $60,000 in 2025 after holding >1 year. Long-term gain = $20,000. Tax at 15% (assuming bracket) = $3,000.Advanced tech: Integrate exchange APIs with scripts in Python (using libraries like pandas) for automated FIFO calculations. For 2026 filings (2025 taxes), brokers will report gross proceeds on 1099-DA; basis reporting starts for 2026 acquisitions.Alternative Strategies

• Wash Sale Rule: Doesn't apply to crypto, allowing immediate repurchases after losses.
• Like-Kind Exchanges: No longer valid post-2017 TCJA.
• Donations: Donate appreciated crypto to charities for FMV deductions without realizing gains.

Financial optimization: Use Specific ID to select high-basis lots, minimizing taxable gains in high-volatility assets.Tax Rates, Exemptions, and Additional Levies in 2026For tax year 2025 (filed in 2026):

• Short-Term Capital Gains: Taxed as ordinary income (10-37% based on brackets).
• Long-Term Capital Gains: 0%, 15%, or 20% depending on income (e.g., 0% for singles under $47,025).
• Net Investment Income Tax (NIIT): 3.8% on gains if MAGI exceeds $200,000 (single).
• Self-Employment Tax: Up to 15.3% on mining/staking if considered a trade.
• State Taxes: Vary; e.g., California taxes as income (up to 13.3%), while states like Texas have no income tax.

No federal VAT on crypto, but sales tax may apply to certain transactions. For non-residents, US-sourced crypto income may be taxable.

Filing Status	Short-Term Rates (Ordinary Income)	Long-Term Rates
Single	10-37%	0-20%
Married Joint	10-37%	0-20%

Reporting and Filing Crypto Taxes in the US: Forms and DeadlinesHow to report cryptocurrency taxes in the US is self-reported, with increased scrutiny via 1099 forms.Key Forms

• Form 8949: Detail each transaction's gains/losses.
• Schedule D: Summarize totals for Form 1040.
• Form 1040 Schedule 1: Report crypto income (e.g., mining).
• Form 1099-DA: New for 2025 sales; brokers like Coinbase report gross proceeds (basis added for 2026+).

Filing Deadlines

• Individual Returns: April 15, 2026 (for 2025 taxes); extensions to October 15.
• Estimated Payments: Quarterly if expecting >$1,000 owed.

Tech tool: E-file via IRS Free File or software with digital signatures. Financial advice: Hire a CPA for complex DeFi activities to avoid audits.Best Tools and Software for Crypto Tax Management in the USHarness technology for crypto tax software in the US. These integrate with blockchains and wallets for seamless compliance.

Tool	Features	Pricing	US-Specific
CoinLedger	API sync, 1099-DA support, loss harvesting	$49-$299/year	Yes, IRS forms export
TokenTax	DeFi analytics, NFT tracking	$65-$3,500/year	Handles NIIT calculations
TurboTax Crypto	Integrated filing, airdrop valuation	$0-$89	Direct IRS e-file
Koinly	Multi-chain support, FIFO/LIFO options	€49-€199/year	US tax reports

Money tip: Simulate scenarios to optimize for long-term rates, potentially saving thousands.Advanced Topics: Tech Innovations and Financial Strategies

• Blockchain Analytics: Use tools like Dune for DeFi transaction logs.
• DeFi Tax Nuances: Track impermanent losses in liquidity pools; IRS may classify some yields as ordinary income.
• Tax Optimization: Relocate to low-tax states or use Roth IRAs for crypto (if eligible).
• 2026 Updates: With 1099-DA basis reporting, expect easier compliance but stricter enforcement; prepare for potential stablecoin regs.

For expats, FATCA requires reporting foreign holdings over $50,000.Conclusion: Navigating Crypto Taxes for Optimal Financial OutcomesTackling crypto taxes in the US 2026 combines blockchain tech with savvy financial planning. By grasping how to pay taxes on cryptocurrency, leveraging advanced tools, and employing strategies like long-term holding, you can minimize taxes and enhance gains. Stay ahead with IRS.gov updates, as regulations evolve. For tailored guidance, consult tax professionals—empower your crypto journey in this decentralized financial revolution.This guide arms you with essentials for cryptocurrency taxation in the US. Verify with official sources for the latest.