Cryptocurrency
IRS’s New Crypto Tax Form: Less Privacy Concerns, More Clarity
The Internal Revenue Service (IRS) has released an updated draft of Form 1099-DA, a key development for brokers reporting the sale and exchange of digital assets starting in 2025. This...
Santa Monica Goes Big on Bitcoin with New City Office
Santa Monica city council unanimously approved the launch of an official “Bitcoin Office.” The aim is to build upon the city’s interest in exploring Bitcoin’s potential, both as an investment...
Ethereum Price Slides as $870M in Withdrawals Loom
Ethereum is currently facing a significant surge in withdrawals, with around 143,000 ETH—valued at approximately $350 million—set to become available within 12 hours. Additionally, 212,000 ETH, including rewards from validators...
Cboe Withdraws Application for Options on Spot BTC ETF
Cboe, the world’s largest options exchange, has withdrawn application for options on spot Bitcoin exchange-traded funds (ETFs), causing a stir in the crypto asset space as Bloomberg analyst James Seyffart...
CFTC Lawsuit: Alameda’s $12.7B Order and $352K Worldcoin Transfer
Embattled crypto firm Alameda Research has transferred 205,387 Worldcoin (WLD) tokens, valued at approximately $352,000, to the cryptocurrency exchange Binance. This transaction marks the first movement of Worldcoin assets held...
Supreme Court Postpones Do Kwon’s Extradition to South Korea
The Supreme Court of Montenegro has postponed the extradition of Do Kwon, the co-founder of Terraform Labs, to South Korea. The decision comes after the Supreme State Prosecutor’s Office (VDT)...
FTX Settles CFTC Lawsuit, Agrees to $12.7 Billion Payout
A pivotal development in the ongoing FTX bankruptcy saga emerged as New York Judge P. Kevin Castel approved a consent order requiring the defunct crypto exchange and its sister company,...
DePIN’s Blockchain Evolution: Is Solana Still the Best Choice?
The Decentralized Physical Infrastructure Networks (DePIN) sector is experiencing explosive growth, with fundraising volume increasing 296% year-over-year and market capitalization surging 400% to reach $20 billion. This meteoric rise highlights...
Toncoin (TON) Debuts on Binance: Can It Reach $20?
Leading crypto exchange Binance has added Toncoin (TON) to its platform, the native token of the Telegram-developed TON blockchain, opening trading on August 8, 2024. Deposits are already open, with...
Investing in Cardano: What to Expect After the Chang Hard Fork
Cardano is on the cusp of a transformative upgrade with the impending Chang hardfork. While the Cardano (ADA) token is currently down 13.43% over the past week, the community anticipates...
CoinShares Alum Demirors Raises $75M for New Crypto VC Fund
Meltem Demirors, a prominent figure in the cryptocurrency sector, has launched Crucible Capital, a new venture firm aiming to raise $75 million across two funds. Known for her influential role...
August Economic Outlook: CPI, PPI, FOMC, & Jackson Hole
August 2024 is shaping out to be a decisive month for key economic indicators and policy discussions, with the release of the Producer Price Index (PPI), Consumer Price Index (CPI),...
Altcoin Market Watch: Algorand Shows Promise
Algorand’s (ALGO) price action is showing signs of resilience this week, outperforming the broader crypto market according to crypto analyst Jonathan Morgan. Algorand’s price rebounded sharply, signaling a potential bullish...
Bitcoin Bull Run: On-Chain Data Signals Surge
On-chain data suggests a potential Bitcoin (BTC) rally may be on the horizon, according to several crypto analysts. Whale activity indicates a possible return of Bitcoin to its all-time high,...
Nexera Loses $1.5M, Axie Infinity Hit for $9.85M in Separate Exploits
A security breach on the on-chain order book protocol Nexera has resulted in an estimated loss of $1.5 million, as reported by Cyvers Alerts. The exploit involved an unauthorized address...
KuCoin Launches GemPool: Flexible Staking and Early Access to Emerging Crypto Projects
KuCoin, a leading global cryptocurrency exchange, has launched GemPool, an innovative crypto staking platform that enables users to acquire token airdrops as a reward for staking their crypto assets. This...
Ethereum Block Construction: Buterin’s Latest Update
Ethereum co-founder Vitalik Buterin recently took to social media platform X (formerly Twitter) to share an update on the ongoing Ethereum block construction research, indicating that it is nearing completion....
BitMEX’s Arthur Hayes Links BOJ’s Rate Decision to US Politics
The Bank of Japan (BOJ) has refrained from raising interest rates while global financial markets remain unstable, according to Deputy Governor, Shinichi Uchida. The recent turmoil in global markets was...
Jump Trading Under CFTC Scrutiny Amid $480M ETH Sell-Off
Jump Trading’s recent sale of $480 million in ETH has caused a substantial downturn in the crypto market. Over the past week, the Chicago-based trading firm has sold large amounts...
SOL Bounces from Support While TAO Surges: What’s Next for Investors?
Crypto analyst, CryptoYapper, reported notable activity in Bittensor (TAO) and Solana (SOL). Both coins have experienced considerable price movements and increased trading volumes, capturing the attention of cryptocurrency traders and...
Arthur Hayes: Crypto Surge Possible Despite NASDAQ Dip
In a recent analysis, Arthur Hayes examines how the NASDAQ’s 5% decline might influence the cryptocurrency market in a YouTube video. Hayes attributes the recent downturn in crypto prices to...
Whales Dive Back in After Monday’s Bloodbath as Market Rebounds
After a challenging Monday for crypto investors when Bitcoin hit $49K, a significant recovery march is now at large, and BTC has reclaimed $56K today. As the market recovery continues...
Donald Trump Champions Bitcoin at Crypto Convention
Donald Trump, the 2024 GOP frontrunner, addressed an enthusiastic audience to hold on to their Bitcoin at all costs. The presidential candidate’s latest campaign centered on cryptocurrency with a particular...
RippleX Overhauls XRPL Testnet, To Enhance Stability
RippleX, the developer arm of Ripple, informed XRPL developers of a critical Testnet reboot on August 19, 2024, commencing at 3:00 AM EST. The key objective of the reset is...
India’s Tax Authorities Demand Over $86 Million in GST from Binance
Binance, one of the world’s leading cryptocurrency exchanges, faces a hefty demand for Goods and Services Tax (GST) payments, as announced earlier by Wise Advice in a recent X post....
