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Bitcoin News
Coin Telegraph
20h
316
IRS doubles down on crypto staking taxes — Report
- The US tax agency, IRS, has reiterated its position that rewards from staking activities do not constitute new property, opposing a legal challenge.
- The IRS denied arguments from a second lawsuit brought by Joshua Jarrett and his wife, Jessica Jarrett.
- The agency claimed that staking rewards constituted taxable income upon receipt.
- Staking is the process of locking up cryptocurrency in a smart contract to help run a blockchain, earning rewards in return.
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Bitcoinsensus
21h
107
Image Credit: Bitcoinsensus
XRP The Most Traded Altcoin on Binance, Price Analysis and What to Expect
- XRP became the most traded altcoin on Binance in December
- Ripple Labs' currency reached $116.6 billion traded on Binance futures
- XRP price currently trading at $2.18, down 11% over the past 7 days
- XRP expected to be closely watched in January due to key events
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Pymnts
21h
126
Image Credit: Pymnts
Stablecoin Payments Were Crypto’s Biggest 2024 Story
- Bitcoin ends the year with over 110% growth and institutional adoption of digital assets is increasing.
- Stablecoins emerge as a prominent tool for enterprise businesses in 2024.
- Blockchain technology gains traction across industries for enhancing supply chain transparency, streamlining payments, and improving data security.
- Regulatory frameworks and the rise of stablecoins contribute to the mainstream adoption of cryptocurrencies.
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Livebitcoinnews
21h
298
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Interpol Targets Hex Founder Richard Schueler with Red Notice
- Interpol issued a Red Notice to Richard Schueler, founder of Hex, for violence and tax fraud.
- Schueler is facing an SEC lawsuit for $1 billion in unregistered token offers.
- Interpol's Red Notice calls for Schueler's arrest globally.
- The case highlights increased scrutiny on cryptocurrency transparency and accountability.
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Bitcoinist
21h
100
Image Credit: Bitcoinist
Crypto Market Sees $1 Billion Outflows—Bitcoin And Select Altcoins Show Resilience
- Crypto market experienced mixed performance with inflows of $308 million and outflows of $1 billion.
- Outflows coincided with a price correction and following the hawkish outlook from the Federal Reserve.
- Bitcoin showed resilience with net inflows of $375 million, indicating investor confidence.
- Altcoins displayed contrasting performances, with Ethereum receiving $51 million in inflows and Solana experiencing outflows of $8.7 million.
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Coinjournal
22h
357
Image Credit: Coinjournal
La Rosa Holdings to allow real estate agents to receive commissions in crypto
- La Rosa Holdings Corp. is allowing its real estate agents to receive commissions in cryptocurrency with a 2% fee.
- The initiative aims to streamline transactions and meet the demand for crypto payments.
- La Rosa reported a 155% revenue growth, reaching $51.7 million in the first nine months of 2024.
- The integration of cryptocurrency payment options positions La Rosa as a pioneer in the real estate sector and empowers its agents with innovative solutions.
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TronWeekly
22h
243
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Bitcoin Soars as Investors Seek Safety
- Bitcoin's dominance in the crypto market has increased as traders move away from meme coins and back to BTC amid market correction and growing fear, uncertainty, and doubt (FUD).
- Data shows a decline in social dominance for meme coins, while Bitcoin's social dominance has risen, indicating a shift in sentiment and a preference for the perceived safety of Bitcoin.
- Bitcoin's price is currently consolidating, but historical trends suggest a potential rally in December, supported by the belief that the current bull market is in its mid-stage.
- Growing interest in Bitcoin as a solution to the US debt crisis, advocated by figures like Michael Saylor and VanEck, contributes to the positive sentiment around Bitcoin.
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Livebitcoinnews
22h
298
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Brian Brooks Joins MicroStrategy Board After Binance.US Exit
- MicroStrategy appoints Brian Brooks, former CEO of Binance.US, to its board of directors, along with Jane Dietze and Gregg Winiarski.
- The move aligns with MicroStrategy's Bitcoin-focused approach and efforts to establish a strong crypto-oriented strategy.
- MicroStrategy will be added to the Nasdaq-100 Index on December 23, cementing its position among the top 100 US companies.
- Brooks' extensive crypto expertise and experience make him a valuable asset for MicroStrategy's leadership.
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Bitcoinsensus
22h
220
Image Credit: Bitcoinsensus
Coinbase Marks 5 Blockchain Areas to Pay Attention to in 2025
- Coinbase marks key 5 blockchain areas for 2025
- The key areas are: Stablecoins, RWAs, ETFs, DeFi, and Crypto Regulations.
- Coinbase predicts the establishment of comprehensive regulatory framework and sound stablecoin legislation.
- They also expect rapid development in crypto ETFs and global adoption of stablecoins.
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Livebitcoinnews
22h
231
Image Credit: Livebitcoinnews
Bo Hines Appointed Executive Director of Crypto Council
- Bo Hines has been appointed as the Executive Director of Crypto Council, responsible for shaping digital asset policies and fostering industry growth.
- The formation of the Crypto Council was announced by President Donald Trump, with David Sacks appointed as the AI and Crypto Czar.
- The council's main mission is to provide a regulatory framework for digital assets, working with Congress and partnering with regulatory bodies.
- Sriram Krishnan has also been appointed as Senior Policy Advisor for Artificial Intelligence, further strengthening the U.S.'s leadership in digital assets and AI.
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Crypto-News-Flash
23h
246
Image Credit: Crypto-News-Flash
Ethereum Price Analysis: ETF Performance Could Push ETH Through Technical Resistance Levels
- Ethereum (ETH) is predicted to reach $8,000 by 2025, supported by rising performance of ETH ETFs.
- ETH is currently trading below the 100-hourly Simple Moving Average and faces resistance at $3,420.
- ETH ETFs have seen continuous net inflows, with BlackRock's ETHA leading the industry.
- Analysts predict that ETH could hit $6,000 by Q4 2025 and $22,000 by 2030, with potential for a rally above $8,800.
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Tokenhell
23h
93
Dogen: What You Need to Know About this Meme Token on the Solana Network
- Dogen is a meme token built on the Solana network that attracts investors looking for meme-cultured tokens in the crypto market.
- Currently, Dogen is in a presale, offering a buying opportunity for early adopters.
- To buy Dogen, users need to set up a compatible crypto wallet, deposit cryptocurrency, and connect to the presale.
- Investors should consider the high volatility of meme coins and evaluate market sentiment, community support, and token features before buying Dogen.
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5 Likes
Zycrypto
23h
168
Image Credit: Zycrypto
MicroStrategy Continues Bitcoin Buying Spree With Latest 5,262 BTC Purchase Amid Nasdaq-100 Entry
- MicroStrategy continues its bitcoin buying spree with the latest purchase of 5,262 BTC.
- The company now holds a total of 444,262 BTC, valued at over $41 billion.
- MicroStrategy bought the bitcoin at an average price of $106,662 per coin, the highest cost ever paid per BTC by the firm.
- The purchase comes as MicroStrategy starts trading as a member of the Nasdaq-100 index.
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Livebitcoinnews
23h
273
Image Credit: Livebitcoinnews
Tai Mo Shan Fined $123M for TerraUSD Scandal
- The U.S. Securities and Exchange Commission (SEC) has fined Tai Mo Shan Ltd., a subsidiary of Jump Crypto, $123 million for misleading investors about the stability of TerraUSD.
- Tai Mo Shan purchased $20 million to artificially maintain TerraUSD at a $1 peg during its collapse, deceiving investors and markets.
- In addition, it is accused of financing the sister token of TerraUSD, Luna, which the SEC has determined to be an unregistered security.
- The settlement requires Tai Mo Shan to pay disgorgement, prejudgement interest, and civil penalties, and comply with U.S. securities laws.
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16 Likes
Bitcoinist
23h
3
Image Credit: Bitcoinist
Bitcoin Average Trading Volume On CEX Stands At $31B – Still Far From The Record Highs In March
- Bitcoin's average daily trading volume on centralized exchanges (CEX) currently stands at $31 billion.
- This is significantly lower than the record highs of $40 billion observed in March and December.
- The decline in trading activity suggests market participants are waiting for clearer signals before taking large positions.
- Despite the lower trading volume, Bitcoin's bullish sentiment and strong fundamentals indicate potential for a resumed rally.
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