Biden Administration’s New Crypto Rule Forces Full IRS Oversight, Sparks Industry Backlash

December 28, 20240Comments

Biden Administration’s New Crypto Rule Forces Full IRS Oversight, Sparks Industry Backlash

The Biden administration finalizes a sweeping IRS crypto reporting rule requiring platforms to track all transactions. Learn how this impacts the crypto industry. Sweeping IRS Crypto Rule Finalized by Biden Administration The U.S. Treasury and Internal Revenue Service (IRS) have issued sweeping new regulations requiring brokers facilitating digital asset transactions to report all user activity…

December 28, 20240Comments

10x Crypto Opportunities: Bitget, Uniswap, FTX Among Top Movers This Holiday Season

Explore the latest crypto market trends as Bitget, Uniswap, and FTX tokens soar, while Best Wallet Token gains traction during its $5.5M presale. Read now for insights. Crypto Market Sees Major Shifts Amid Holiday Trading The crypto market has experienced significant movements this holiday season, with key players like Bitcoin and Ethereum retracting from recent…

December 28, 20240Comments

Bitcoin Betting Trends Reveal 30% Confidence in $100K Milestone by Year-End, 21% Eye $150k in 2025

Discover Polymarket’s Bitcoin predictions, with 30% confidence in $100K by year-end and 21% betting on $150K by March 2025. Explore what these trends mean for Bitcoin’s future. Polymarket's Wagering Activity Highlights Market SentimentParticipants on Polymarket, a decentralized prediction platform, are showing a modest 30% confidence that Bitcoin (BTC) will surpass the $100,000 threshold before the…

December 27, 20240Comments

FBI Links North Korean TraderTraitor Group to $308 Million DMM Exchange Hack

The FBI, in collaboration with Japan’s National Police Agency, uncovers North Korean hacking group TraderTraitor’s involvement in the $308 million DMM exchange breach. Learn more about the investigation and its findings. Key Takeaways North Korea’s TraderTraitor group has been linked to the $308 million DMM exchange hack. The attack involved advanced social engineering tactics, including…

December 27, 20240Comments

Bitcoin

Vivek Ramaswamy’s Strive Asset Management Proposes Bitcoin Bond ETF for BTC Exposure

Strive Asset Management proposes a Bitcoin Bond ETF to invest in bitcoin-linked convertible securities, targeting companies like Microstrategy. Strive Asset Management Proposes Bitcoin Bond ETF Strive Asset Management, co-founded by Republican Vivek Ramaswamy, has submitted a proposal for a Bitcoin Bond exchange-traded fund (ETF). This ETF aims to provide exposure to bitcoin (BTC) by investing…

December 27, 20240Comments

Ethereum

Mystery Whale Deposits $417 Million in Ethereum to Aave on Christmas Day

On Christmas Day, a whale transferred 125,000 ETH ($417 million) to Aave, showcasing the platform's growing activity amid DeFi's rapid innovations. 125,000 ETH Moved to Aave Amid Holiday Festivities A significant transaction involving 125,000 Ethereum (ETH), worth $417 million, was made to the decentralized finance (DeFi) platform Aave on December 25, 2024. The deposit, linked…

Altcoins

Top 10 Crypto Gainers of 2024 See Soaring Returns Up to 23,079%

Discover the top 10 crypto gainers of 2024, with price surges from 1,401% to 23,079%. Explore insights into Virtuals Protocol, Brett, Popcat, and more. Virtuals Protocol Leads with Record-Breaking 23,079% Returns Virtuals Protocol ($VIRTUAL) is the top-performing cryptocurrency of 2024, delivering a remarkable 23,079.2% price increase. Starting the year at just $0.01311, the token surged…

Animoca Brands Hit by X Account Hack: Urgent Warning Issued to Users on Fake Solana Token Scam

Animoca Brands warns users of a hack on Chairman Yat Siu’s X account promoting a fake Solana token. Learn how to protect yourself and verify information. Key Takeaways The hacked X account has been secured, with no compromise of Animoca Brands’ official platforms. Community members are advised to rely on official channels for updates.…

Ki Young Ju Champions Bold Bitcoin Strategy to Fix U.S. Debt Management

U.S. debt could be offset by acquiring Bitcoin, according to CryptoQuant CEO Ki Young Ju. His proposal suggests the U.S. government acquire 1 million Bitcoin by 2050 as a hedge against inflation. A proposal from Ki Young Ju, CEO of CryptoQuant, suggests that the U.S. government could acquire 1 million Bitcoin by 2050 to help…

Bitcoin

Bitcoin Reserves Spark Debate: U.S. States and Trump’s National Crypto Plan Take Shape

In a groundbreaking move, several U.S. states are actively considering the establishment of strategic Bitcoin reserves, aligning with President-elect Donald Trump's federal initiative to create a national Bitcoin stockpile. This development marks a significant shift in the adoption of cryptocurrency within governmental financial strategies. Pennsylvania's Legislative Proposal On November 12, Pennsylvania State Representative Mike…