Pro-XRP lawyer John Deaton has criticized a newly finalized crypto tax reporting rule issued by the Biden administration. The rule, titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales,” was recently introduced by the IRS. Deaton has labeled the regulation as detrimental to decentralized finance (DeFi). Pro-XRP Lawyer John Deaton…

Montenegro’s Minister of Justice, Bojan Božović, has signed an order to extradite Terraform Labs co-founder Do Kwon to the US. Montenegro’s Supreme Court recently determined that all legal conditions for Kwon’s extradition had been met. Following this ruling, the Ministry of Justice evaluated the competing requests and concluded that the US request favored the most…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The inaugural Solana AI hackathon concluded on Monday. Over 400 projects threw their respective hats in the ring for a contest offering cash prizes but more importantly the prospect of potentially-lucrative attention to so-called AI agents, which are currently flooding crypto social…

Popular meme coins Litecoin (LTC) and VeChain (VET) are projected to rebound in price in 2025, according to new price predictions. Both altcoins have climbed over 20% in value over the past year, and are going into 2025 in correction phases. Price predictions for the majority of the altcoin market are bullish. Hence, LTC and…

The Internal Revenue Service (IRS) published new crypto tax guidelines today, demanding that DeFi brokers collect and report much more detailed information about customers and transactions. These new rules apply to front-end services interacting with users, but the protocols themselves are exempt. IRS Wants Crypto Tax Info from DeFi The IRS published these new tax…

As the Securities and Exchange Commission’s five voting members sat before lawmakers on Capitol Hill in September, House Financial Services Committee Chair Patrick McHenry (R-NC) pressed the agency’s head about a supposed lack of regulatory clarity regarding crypto. “The laws are clear, and it’s written by the Supreme Court,” SEC Chair Gary Gensler began to…

Following the Dogecoin benchmark, the Floki exchange-traded product (ETP) is scheduled to be released in early 2025. This occurred subsequent to the crypto project’s decentralized autonomous organization (DAO)’s resounding approval of the allocation of liquidity for the establishment of a Floki ETP, with 99.9% of the vote cast in favor.  The proposal was passed on…

According to Polymarket’s latest betting activity, participants are showing a modest 30% confidence in bitcoin (BTC) reaching the $100,000 mark by the end of the year. However, in a twist, another wager on the platform indicates a 21% belief that bitcoin could leap to $150,000 by March 31, 2025. Bitcoin’s Future Price Under the Microscope…

Donald Trump’s US election win boosted the crypto industry, resulting in huge financial gains for Coinbase, Ripple Labs CEOs. Ripple Labs, Coinbase CEOs Make Gains The centralized crypto exchange platform, Coinbase experienced an increase in its market value, which reached up to $21 billion. The company’s CEO, Brian Armstrong holds a significant percentage of Coinbase,…

In a latest development, Minister of Justice Bojan Božović has signed the decision ordering the extradition of Do Kwon to the United States of America (USA), as per a report from Vijesti.  Previously, the Supreme Court of Montenegro had ruled that the legal conditions for extraditing Do Kwon were met, following extradition requests from both…

– Advertisement – Vitalik Buterin highlights decentralization as essential, advocating for user-owned devices amidst advancing crypto and IoT integration. Balaji envisions an Internet of Artificially Smart Things, emphasizing private keys as the foundation of user empowerment. In a recent discussion on X, @VitalikButerin and @balajis explored the future of smart technology and the importance of…

Bitcoin (BTC) trades at an expanding premium on Upbit, as South Korean traders seek protection from the weakening national currency. Traders bought BTC as the South Korean won fell to a 15-year low against the US dollar.  Bitcoin traded with a widening premium on Upbit, one of the leading South Korean exchanges. While a premium…

Popular crypto sports betting platform Sportsbet.io is welcoming a diverse intake of new ambassadors, with a chef, a singer and a betting tipster joining with a shared goal to spread the word about Sportsbet.io. The first is renowned Nigerian celebrity chef and lifestyle connoisseur Rasheed Sakajojo, better known as Unrashon. He joins the team to…

Ethiopia’s Bitcoin mining generates $1 billion, surpassing power sales to neighboring nations, contributing 18% to its total energy revenue.   Agreements with 25 mining firms attract global investments, leveraging Ethiopia’s affordable electricity at just 3.2 US cents per kilowatt hour.   Hydroelectric-powered mining drives economic growth, supports energy projects, and sets a model for cryptocurrency mining using…

The development team behind the Floki meme coin has announced exciting plans for the introduction of a new Exchange Traded Product (ETP). Collaborating with a trusted asset manager, the team aims to create a FLOKI-based ETP specifically designed for European market participants, with a targeted launch in the first quarter of the upcoming year. What…

December 28, 2024 at 01:15 AM GST updated: December 28, 2024 at 01:13 AM 2 mins read News Bitwise’s new ETF prioritizes companies with at least 1,000 BTC in their treasuries. Marathon Digital holds over 44,000 BTC, exceeding Tesla’s 9,720 BTC. The ETF caps any single stock’s weighting at a maximum of 25%. Bitwise Asset…

Citi analysts think the crypto market will blow through 2025 as a bunch of things come together – Trump policies, ETFs and innovation in the stablecoin space. All of this is on top of a 2024 that saw Bitcoin hit $100,000 for the first time ever. An achievement that shows how high it can go….

Home » Journal » Qubetics Empowers 12,100 Investors, XRP Encourages Long-Term Holding, and Algorand Powers Scalable dApps: Top Cryptos to Invest in for Long Term The cryptocurrency market continues to evolve with groundbreaking opportunities for long-term investment. Qubetics is revolutionising the tokenisation of physical and digital…

The Floki meme coin development team has revealed plans to launch a new Exchange Traded Product (ETP). The project indicates that it is working closely with a reputable asset manager to create a FLOKI-based ETP aimed at European investors. The launch of this product is targeted for the first quarter of the upcoming year. FLOKI…

Bitget to burn 800 million BGB tokens, reducing the circulating supply by 40%. Quarterly burns will begin in 2025, using 20% of profits from exchange revenues. BGB will expand its utility by merging with Bitget Wallet Token (BWB) and supporting real-world crypto transactions. Bitget, one of the largest cryptocurrency exchanges, announced a bold plan to…