In a significant development for digital asset investors, the Internal Revenue Service (IRS) has recently provided temporary relief regarding the regulations on crypto cost-basis reporting. This decision is critical given the intricacies and rapid evolution of cryptocurrency taxation. By delaying the implementation of a rule that mandates brokers and centralized exchanges to default to the
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Bitcoin, the pioneering cryptocurrency, has recently experienced a volatile week, with its prices fluctuating between the promising range of $93,000 and $96,000. This instability has caused both concern and curiosity within the crypto community. As prices stumble, some might wonder whether a rebound is imminent or if a prolonged decline is on the horizon. Amidst
The cryptocurrency landscape is rapidly evolving, particularly as regulatory frameworks attempt to keep pace with innovative financial technologies. In this context, the Internal Revenue Service (IRS) of the United States has recently announced a temporary relief measure aimed at easing tax-related pressures for those engaging with centralized finance (CeFi) brokers in 2025. This move serves
In recent days, Cardano (ADA) has witnessed a remarkable increase, surging over 10.75% within a 24-hour span and reaching a price point of $1.0481. This resurgence, which saw the cryptocurrency break through the psychological barrier of $1, stirs up nostalgic memories of Cardano’s vigorous bull run in 2021, leading many investors and analysts to speculate
The cryptocurrency sector has been rife with legal battles and financial turmoil, and the latest episode involves Celsius Network, a bankrupt crypto lender, appealing a ruling that disallowed its substantial claim against the collapsed exchange, FTX. Filed on December 31, this appeal marks an escalating clash between two companies that were once key players in
The recent initiative presented to the Swiss Federal Chancellery marks a significant departure in the ongoing discourse surrounding cryptocurrency and traditional financial systems. Registered on December 31, a group of ten Bitcoin proponents, notable figures among them including Giw Zanganeh, Tether’s vice president of energy and mining, and Yves Bennaîm, the founder of the Swiss
The world of gaming is on the brink of a transformation, with the rise of Web3 gaming set to make waves in early 2025. This new era promises players the opportunity to genuinely own their virtual assets, a shift brought about by the integration of blockchain technology and non-fungible tokens (NFTs). Unlike traditional gaming models
As we approach the final months of the halving year, the expected seasonality that historically revitalizes Bitcoin’s market seems to be losing steam. Traditionally, this period is characterized by increased buying from investors, yet recent trends indicate a notable slowdown in acquisitions. A significant decline in U.S. investor sentiment reflects a broader apprehension within the
The implementation of the Markets in Crypto-Assets Regulation (MiCA) marks a significant development in the landscape of digital asset regulation within the European Union (EU). This regulatory framework aims to establish a comprehensive policy environment that addresses the full spectrum of crypto assets, enhancing legal certainty and promoting financial stability. By instituting a uniform regulatory
In a significant development for the cryptocurrency landscape, Binance, the preeminent global exchange in terms of trading volume, has secured approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer. This move not only marks Binance as the first cryptocurrency exchange in Brazil to obtain such a license but also reflects the
