The United States Internal Revenue Service (IRS) has introduced a temporary relief measure to address potential tax challenges for cryptocurrency holders using centralized finance (CeFi) brokers in 2025. As explained by Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, the relief mitigates complications stemming from the implementation of Section 6045 custodial broker regulations, which take...Read More
Ethereum co-founder Vitalik Buterin has made a contribution to the legal defense fund for Tornado Cash developers Roman Storm and Alexey Pertsev. Buterin gave 50 ETH, valued at approximately $170,000 at writing time, to aid the developers as they navigate mounting legal challenges. The Donation The news was shared through a Dec. 31 post on...Read More
The Syrian Center for Economic Research (SCER) has presented a proposal for the transitional government to legalize Bitcoin and digitize the Syrian pound in a bold strategy to address the country’s economic crisis. This proposal aims to build a strong digital economy and develop both centralized and decentralized banking infrastructures across the country. SCER’s Vision...Read More
Despite ongoing market uncertainty, XLM, Stellar Lumen’s native token, is making its own mark by defying the overall crypto market, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). As of today, January 1, 2025, XLM has led the market with an 11% gain in the past 24 hours. Why is the XLM Price Increasing? With...Read More
[PRESS RELEASE – Miami, Florida, December 31st, 2024] The Floki DAO has voted decisively in favor of allocating liquidity to facilitate the creation of a Floki Exchange-Traded Product (ETP). The proposal passed on Dec. 27 without a single opposing vote – a first for the Floki DAO – highlighting the community’s overwhelming support for expanding...Read More
Vitalik Buterin, co-founder of Ethereum, urged Elon Musk to adopt a more measured tone in discussions surrounding the H1B visa program. The latest exchange comes amidst accusations of censorship and heated debates on X. Vitalik Buterin Weighs in on Musk’s Comments Buterin’s comments were in response to a tweet by Musk defending the H1B visa...Read More
According to CryptoQuant’s latest data, Binance has reached a new milestone in its stablecoin reserves as it hit an all-time high of $31 billion recently. This marks a significant recovery and growth, as the reserves stood at just $7 billion in June 2023. Therefore, the latest figure reflects a nearly fivefold increase over six months....Read More
Tron’s (TRX) price reached an all-time high of $0.44 in the first week of December 2024, smashing previous records amid a crypto-wide bull run that gained steam after Donald Trump’s presidential win. TRX’s return to the 10th position by market capitalization has brought a sense of revival to the community, yet its price continues to...Read More
Artificial intelligence platform ai16z is contemplating launching a layer-1 (L1) blockchain network as part of a strategic overhaul of its tokenomics model. The proposed blockchain would position its native AI16Z token as the base currency for an interconnected ecosystem centered on artificial intelligence. A governance forum post shows that the AI platform is exploring the...Read More
After a brief hiatus, the notorious “Blockchain Bandit” has re-emerged as the year ends, consolidating a staggering 51,000 ETH, valued at approximately $172 million, into a single multisig wallet. This transfer was made on December 30. “Blockchain Bandit” Returns In the latest update, prominent blockchain investigator ZachXBT revealed that the consolidation originated from 10 wallets, which...Read More
[PRESS RELEASE – Miami, Florida, December 31st, 2024] Floki has partnered with the Kings World Cup Nations, a football tournament set to merge traditional football with Esports. This collaboration expands Floki’s presence on the global stage, following its success with Kings League Infojobs in Spain last year. The Kings World Cup Nations, created by Gerard...Read More
Despite the recent pullback in the crypto market, experts suggest Bitcoin will remain the leader in the coming year. The latest Franklin Templeton’s 2025 crypto outlook report, for one, predicted its continued dominance. Bitcoin is expected to solidify its position as a global financial asset, increasingly viewed as a digital store of value. Bitcoin Dominance...Read More
Bitcoin (BTC) is consolidating between $94,000 and $92,000, but investors are moving their assets out of exchanges. The asset has plunged in the last two weeks and was hovering around $93,750 at the time of writing. Analysis by CryptoQuant official AxelAdlerJr revealed that crypto exchanges are recording very low levels of BTC deposits while investors...Read More
[PRESS RELEASE – San Francisco, California, December 31st, 2024] Open (also known as webisOpen on X, collective includes RSS3) is transforming virological research and decentralized science (DeSci) through its innovative Open Virtual Machine (OVM). This technology, integrated with the Compute Wormhole, facilitates the on-chain analysis of genetic similarities between two viruses: SARS-CoV-2 (sequenced in Wuhan, 2019)...Read More
Tether, the largest stablecoin issuer, has added $700 million worth of Bitcoin to its reserves. This development comes as CEO Paolo Ardoino addresses the fear, uncertainty, and doubt (FUD) surrounding USDT’s status in Europe following MiCA’s implementation deadline on December 30. Details From the Latest Purchase According to on-chain data from Arkham Intelligence, Tether transferred...Read More
The mining difficulty of Bitcoin hit a new peak of 109.78 trillion, climbing 1.16% in Sunday’s latest adjustment. This represents a 24% increase over the past 90 days and a 52% rise during the last three months of the year. Meanwhile, Bitcoin’s hash rate also crossed the 800 EH/s threshold this month for the first...Read More
[PRESS RELEASE – London, UK, December 31st, 2024] FLock.io, the private AI training platform, has announced the official launch of its mainnet on Base. This launch coincides with the Token Generation Event (TGE) for its native token, FLOCK, which will serve as the utility token of the FLock ecosystem by incentivizing and rewarding community participation....Read More
The crypto market’s next move is expected to be parabolic, sparking a frenzy. On whales’ watchlists are promising tokens, notably top altcoins like Shiba Inu (SHIB) and Ethereum (ETH). DTX Exchange (DTX) is another ERC-20 compatible cryptocurrency on whales’ radars. Its unique offering—a hybrid trading platform—and massive growth prospects make it an investor favorite. At...Read More
A couple of hourly red candles emerged in the middle of the trading day Monday, and they began to pull Ethereum, Dogecoin, and Avalanche into the red for the weekly period ending Monday. But no top ten losses were as steep as those for XRP as afternoon turned to evening on the US East Coast...Read More
Hong Kong may soon join the list of countries leveraging bitcoin (BTC) as a store of value and a hedge against inflation by establishing the cryptocurrency as a fiscal reserve asset. According to a report from local media, Wen Wei Po, Wu Jiexhuang, a member of the Hong Kong legislative council, has proposed incorporating BTC...Read More
December has been a breakthrough month for MakerDAO, with data from the decentralized finance (DeFi) analytics platform DeFiLlama showing it set new records in fees and revenues. According to the data, MakerDAO reached a peak of $40.86 million in fees, a key metric of user activity, and $26.77 million in revenue, reflecting retained earnings, between...Read More
The crypto market has shown dramatic shifts in narrative performance, with AI-driven technologies emerging as clear winners in the final month of 2024. In contrast, meme coins and modularity projects have experienced significant declines in the last 30 days. Winners and Losers The latest data from Web3 analytics platform Dexu AI shows that AI agents...Read More
Michele Korver, head of regulation at Andreessen Horowitz’s blockchain arm, A16z Crypto, has voiced strong opposition to the US Treasury and IRS’s newly issued broker reporting rule. In an official statement, she claims that it jeopardizes the future of decentralized finance (DeFi) innovation in the United States. Treasury’s “Midnight” Reporting Rule Lambasted In a December...Read More
Grayscale Research has updated its top 20 altcoin list for the first quarter of 2025, adding six new digital assets. The list highlights cryptocurrencies the company believes demonstrate strong potential for the upcoming quarter. The Six Tokens According to the December 30 report, this update emphasizes tokens linked to three primary market themes: the U.S....Read More
Long-term holding trends in the crypto market have taken an intriguing turn this year as Ethereum surpassed Bitcoin in retaining such investors. Despite Bitcoin’s 122% surge compared to Ethereum’s 48% growth in the past year, the increase in the long-term holders of the latter highlighted rising market confidence as 2025 approaches. Ethereum Shows Stronger Long-Term...Read More
Experienced crypto bulls are always searching for the next big opportunity. While Shiba Inu (SHIB) and Magic Eden (ME) have been popular investment options recently, a new DeFi coin is rapidly gaining momentum, offering a potential 50x return. This DeFi coin is among the best altcoins to buy now since its native platform comes with...Read More
The world’s biggest corporate holder of bitcoin continues with its accumulation phase by allocating another $209 million to purchase 2,136 BTC. With this eight consecutive Monday purchase, the company’s stash has skyrocketed to over 446,000 BTC. MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8%...Read More
Foundry USA Pool – the largest Bitcoin mining pool by hash rate – recently took action to return an 8.18 BTC transaction fee, which is roughly worth $777,000, that had been accidentally overpaid. The error occurred on December 19 during the mining of block 875475, which included a transaction with a fee 91,127 times higher...Read More
The incoming second Donald Trump administration has extensive plans to cement US leadership in developing blockchain cryptocurrencies and delivering their products to markets. Meanwhile, Russia is using Bitcoin to conduct commerce outside the traditional finance channels in the face of international sanctions. While these developments certainly bear strategic adversarial overtones, the way Bitcoin changes the...Read More
The real-world asset (RWA) sector has experienced meteoric growth over the past three years, soaring 58 times its previous valuation. Recent data from DeFiLlama revealed that its total value locked (TVL) now stands at an all-time high of $8.217 billion, with a $1 billion spike coming within the last seven days alone. Major Players Fueling...Read More
