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This Supreme Court Case and IRS Broker Rule Together Could Redefine Crypto Taxation
4.12.2023
Source: DALL·E A critical Supreme Court case and its ruling could redefine the taxation of digital assets. Intersecting with the vexed IRS broker rule announced earlier, this case may potentially reshape crypto tax reporting and compliance on a fundamental level. The case in question, Moore...
Bitcoin ETF Decision Dates Approach: What to Expect in January
2.12.2023
Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)’s move to start a public comment period for spot Bitcoin (BTC) ETF applications earlier than expected has stirred up optimism around the launch of these products. On November 28, the SEC published filings instituting...
Biggest Crypto Gainers Today on Uniswap – MBX, MORRA, AGRS
1.12.2023
Uniswap logo Bitcoin (BTC) is backing off after hitting fresh highs for the year in the $38,800s earlier in the session, but at current levels in the $38,300s, is still up close to 2% in the past 24 hours. Other major cryptocurrencies like Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA) were...
SpaceX’s Doge-1 Lunar Mission Receives Final Approval from US FCC, DOGE Price Up 4%
1.12.2023
The CEO of Geometric Energy Corporation, Samuel Reid, confirmed on X that SpaceX’s “Doge-1” lunar mission has received license from the U.S. Federal Communications Commission (FCC). As reported earlier, the mission had gained approval from the U.S. National Telecommunications...
Standard Chartered Anticipates Bitcoin Reaching $100,000 Sooner Than Expected
30.11.2023
Standard Chartered Bank has doubled down on its bitcoin price forecast of $100,000 next year with increased optimism on the timing. “We now expect more price upside to materialize before the halving than we previously did, specifically via the earlier-than-expected introduction of U.S. spot...
Best Crypto to Buy Now November 29 – Stacks, THORChain, Celestia
29.11.2023
Stacks, THORChain, and Celestia surge as investors look for the best crypto to buy now. Image by cryptonews.com. With a nearly 11% surge on yesterday’s close and a new 5-month high reached earlier today, the STX price has caught the market’s attention, establishing itself as one of...
Biggest Crypto Gainers Today on Uniswap – KAP, DOGE-1
29.11.2023
Uniswap logo Blue-chip cryptocurrencies are consolidating close to recent highs, with Bitcoin (BTC) having once again challenged year-to-date highs earlier in the session in the $38,400s. The world’s largest cryptocurrency by market capitalization was last trading in the $37,800s, roughly flat...
More Apex Banks Jump on e-CNY Pilot Trial Program – The Rise of Global CBDC Issuance?
28.11.2023
Source: AdobeStock China’s e-CNY pilot program is gaining significant attention as three additional banks join the initiative. Reports from local news outlets reveal that Hong Kong-based HSBC Bank, Hang Seng Bank, and Taiwan’s Fubon Bank are already providing access to the Asian...
Hong Kong Police Receive 145 Complaints of Hounax Crypto Scam Totaling $18.9M
28.11.2023
Hong Kong authorities confirm 145 victims and nearly $19 million lost in crypto scam involving unlicensed exchange Hounax. Image by Alexey Novikov, Adobe Stock. Authorities in Hong Kong have confirmed that 145 individuals filed complaints regarding losses from an unlicensed cryptocurrency exchange...
Crypto Payment Provider Alchemy Pay Secures Iowa Money Services License
28.11.2023
The Singapore-based payment gateway Alchemy Pay has been granted the money services license by the U.S. state of Iowa. Both this license and the money transmitter license obtained from Arkansas nearly two months earlier underline Alchemy’s “dedication to compliance.” Alchemy...
Is Pyth Network Going to Zero? PYTH Price Drops 10% Overnight as New Mining Protocol Steals the Limelight
28.11.2023
As airdrop tokens dominate market activity, Pyth Network’s decentralized oracle token $PYTH price dropped -10% overnight, leading some concerned airdrop participants asking ‘is Pyth Network going to zer0?’. This comes amid broader market interest in airdrops following...
Best Crypto to Buy Now November 27 – TerraClassicUSD, Terra, Axie Infinity
28.11.2023
Analyzing USTC, LUNA, and AXS price action – do technical indicators confirm them as the best cryptos to buy now? Image by cryptonews.com. Following TerraClassicUSD’s 220% gains over the past few days, Binance listed USTC in perpetual futures with 50x leverage earlier today, further...
Hong Kong Authorities Investigate $15.4 Million Scam on Hounax: Report
27.11.2023
Source: Pixabay Police in Hong Kong have begun investigating the crypto trading platform after more than 130 people said they had been scammed. South China Morning Post reported on Saturday that Hong Kong authorities had vowed to make arrests soon in light of reports of over $15.4 million being...
Fast-growing Tron Preferred over Bitcoin by Terrorist Groups: Report
27.11.2023
Numerous terror organizations are now utilizing Tron over Bitcoin, according to a new report by Reuters released Monday. Tron’s popularity is on the rise “Earlier it was Bitcoin and now our data shows that these terrorist organizations increasingly favor Tron,” said Mriganka Pattnaik, CEO...
S2F Creator Plan B’s Prophetic Call — ‘Enjoy Sub-$40K Bitcoin While It Lasts’
26.11.2023
Willy Woo, an onchain analyst, recently predicted that bitcoin’s value might consistently stay above the $30K mark. Earlier this week, the statement was complemented by Plan B, the developer of the stock-to-flow (S2F) price model, who presented a realized price chart and urged enthusiasts...
Bitcoin Lightning Wallet Vanishes: Wallet of Satoshi Removed From Apple and Google’s US Stores
24.11.2023
Wallet of Satoshi removed its app from US stores, puzzling Bitcoin Lightning users. Image by Lukas Gojda, Adobe Stock. Popular Bitcoin Lightning wallet app Wallet of Satoshi has suddenly vanished from Apple and Google’s app stores in the United States. The disappearance was first noticed...
Tether and Bitfinex Drop Opposition to FOIL Request
24.11.2023
Stablecoin issuer, Tether, and cryptocurrency exchange, Bitfinex, have decided to drop their opposition to a Freedom of Information Law (FOIL) request made earlier this year by various news outlets. “We have nothing to hide” “Our decision is rooted in our unwavering commitment to transparency...
Atletico Madrid Sues Singapore’s Crypto Exchange Over Unpaid $44 Million Sponsorship
24.11.2023
Source: AFP Atletico Madrid, the renowned Spanish football club, is suing Singapore-based crypto exchange WhaleFin, following the unexpected termination of its $44 million shirt sponsorship deal. The football club is seeking $24 million in damages, citing crypto exchange WhaleFin’s alleged...
$BONK Price Crashes 30% From Top As Traders Back New Meme Coin $MK
23.11.2023
The Solana blockchain’s biggest meme coin BONK! ($BONK) is seeing a big pullback from earlier weekly highs. BONK! recently hit its highest levels of the year above $0.0000055 per token, but the price has since pulled back over 30% to around $0.00004. Still, that leaves $BONK up a super impressive...
Bankrupt Crypto Lending Firm Celsius Shifts Focus to Bitcoin Mining Amid SEC Feedback on Reorganization Plan
21.11.2023
Source: Adobe/Canva Crypto lender Celsius has amended its reorganization plan, opting for a singular focus on bitcoin mining instead of the initially proposed combination of mining and staking. In a court filing on Monday, Celsius signaled its departure from the earlier Plan that combined both...