New IRS Rules Impact DeFi Platforms Significantly

As global cryptocurrency regulations evolve, the Internal Revenue Service (IRS) in the United States has introduced new guidelines that could significantly affect decentralized finance (DeFi) platforms. This update comes in response to growing concerns about tax compliance and aims to align cryptocurrency taxation with traditional asset reporting standards. How Does the IRS Classify DeFi Platforms?…

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Why Bitcoin’s Latest Death Cross Isn’t a Typical Bearish Signal Why Bitcoin’s Latest Death Cross Isn’t a Typical Bearish Signal

December 27, 2024 at 10:25 PM GST updated: December 27, 2024 at 06:46 PM 2 mins read News Bitcoin has triggered a death cross within the Ichimoku Cloud, signaling potential bearish momentum. The current setup mirrors a late-2023 fractal, with the Kumo Cloud acting as a key support level. Analysts see two potential outcomes: a…

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Bitwise Predicts Explosive Growth for BTC, ETH, and Solana by 2025!

Bitwise has unveiled ambitious predictions for the cryptocurrency market in 2025. The firm anticipates Bitcoin reaching $200,000, Ethereum climbing to $7,000, and Solana surging to $750. These bold targets are generating significant interest among investors and reshaping market expectations. Bitcoin’s Path to $200,000 Bitwise forecasts a monumental rise for Bitcoin to $200,000 by 2025, citing…

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COINTURK NEWS – Bitcoin, Blockchain and Cryptocurrency News and Analysis

Globally, the priority of cryptocurrency regulations is focusing on taxation issues. Before taking office, Trump witnessed the U.S. Internal Revenue Service finalize a controversial rule. SEC Chair Gensler faced backlash for appointing senior officials opposed to cryptocurrency to secure their positions, enhancing their influence. This article examines the implications of these new rules. DeFi Cryptocurrency…

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MetaMask Integration & Bybit Update

Disclaimer: The information presented in this article is part of a sponsored/press release/paid content, intended solely for promotional purposes. Readers are advised to exercise caution and conduct their own research before taking any action related to the content on this page or the company. Coin Edition is not responsible for any losses or damages incurred as…

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Giant Whale, One of the First Ethereum Investors, Woke Up After 9 Years: Here’s The Price He Bought

According to Onchain data, a crypto whale seems to have finally made a large sale after a long wait. The cryptocurrency whale that participated in Ethereum’s initial coin offering (ICO) woke up after 9.4 years of sleep and transferred 631.1 ETH worth $2.14 million to the cryptocurrency exchange Coinbase. It is noteworthy that the whale’s…

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Bitwise Launches Solana Staking Product; Plus Wallet vs Crypto.com Wallet

This week’s whirlwind in the crypto sphere has churned out pivotal updates for those hunting for straightforward earning avenues and enhanced trading functionalities. Crypto.com has embraced Bad Idea AI’s $BAD token within its wallet ecosystem, ushering in seamless access to the token and its array of decentralized finance (DeFi) offerings. Amidst this, Plus Wallet has…

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Solana Price Trends Remain Bearish & Litecoin Price Outlook Remains Steady; BlockDAG Steps into Hollywood with Keynote 3

Market movements play a crucial role in shaping perceptions among cryptocurrency enthusiasts and traders, influencing their approach to the next big crypto. Recent Solana price trends show an impressive rise to $199, although current bearish signs, such as an RSI below 40, call for caution. Similarly, the Litecoin price outlook remains steady, with the $99-$109…

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Bitcoin Faces Volatility Amid TradingView Chart Glitch

Bitcoin experienced notable price swings on Dec. 26, seemingly triggered by incorrect data on TradingView’s Bitcoin dominance chart. False Data Sparks Market Turbulence Cointelegraph Markets Pro recorded a sharp 4% drop in Bitcoin’s price, ending the calm trading environment of the Christmas period. BTC/USD briefly fell toward $95,000 as a TradingView anomaly inaccurately indicated Bitcoin’s…

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XRP Tests Critical Support Levels While Maintaining Historic Monthly Performance

Editors News XRP drops below 200 MA on 4-hour chart, suggesting short-term weakness Price remains on track for second-highest monthly close in three years Current $2.18 level well above key long-term moving averages Ripple (XRP) recent price action presents an interesting dichotomy between short-term weakness and longer-term strength. The cryptocurrency has experienced a significant 24%…

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Can Shiba Inu Price Skyrocket 60% As Short-term SHIB Holders Capitulate?

Shiba Inu price, a popular meme-based altcoin, has entered a bearish trend following a broader crypto market correction. After a strong two-month bullish rally, SHIB has faced significant pullbacks as short-term holders begin to capitulate. The crypto market remains bearish, with Bitcoin trading below $95,000. As the year nears its end, investors are speculating whether…

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Treasury and IRS finish broker rules for DeFi, require KYC from protocols

The US Department of the Treasury and the Internal Revenue Service (IRS) have released the final version of its broker rules to digital assets services providers, which includes provisions on requiring DeFi protocols to conduct Know-Your-Customer (KYC) procedures. Industry experts have already criticized the new provision for being unlawful and out of the Treasury’s regulatory…

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Crypto’s greatest app innovations in 2024

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Pendle Pendle exists because crypto wants to speculate.  In Pendle’s short history, the team has constantly reiterated its yield trading product using narratives from stablecoins and infamous “DeFi 2.0” (Olympus DAO) in the 2021 bull, to liquid staking tokens, real-world assets on…

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