IRS Reaffirms Stance on Staking Rewards as Taxable Income Amid Legal Battle

The United States Internal Revenue Service (IRS) has maintained its position that cryptocurrency staking rewards are taxable income upon receipt, challenging claims that these rewards should be considered new property. This stance has been reiterated in the ongoing legal dispute involving Joshua and Jessica Jarrett, who argue for a different tax treatment for staking rewards….

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Bitget Launches CGPTUSDT Perpetual Futures for Trading and Bots Integration

Victoria, Seychelles, December 24th, 2024, Chainwire Bitget, the leading cryptocurrency exchange and Web3 company, has launched CGPT/USDT perpetual futures trading, effective at 16:00 (UTC+8). This launch supports a maximum leverage of 75x and features integration with futures trading bots, offering traders advanced tools to enhance their strategies. The CGPT/USDT-M perpetual futures pair is settled in…

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What Will Happen if Cardano-Ripple Join Hands?

The possibility of collaboration between Cardano and Ripple, as hinted at by Cardano founder Charles Hoskinson, has sparked excitement in the crypto community. Both platforms bring distinct strengths to the table, and their synergy could catalyze transformative innovation in the blockchain and cryptocurrency space. Let’s explore the potential impact and what this partnership could mean…

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Report Stolen $PAWS Tokens Now

Paws Listing Date May Extend: Recover Stolen $PAWS Before Dec 25 As the countdown to the highly anticipated PAWS Listing Date gains momentum, an intriguing twist has captured the attention of the PAWS community. The announcement of “All PAWS Stolen” has sparked a flurry of activity among users striving to recover their stolen PAWS tokens…

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Топ 5, които могат да разраснат портфолиото ви!

С размразяването на крипто зимата пазарът е изпълнен с оптимизъм след последните събития. Крипто индустрията с нетърпение очаква обещаните от Доналд Тръмп промени в политиката, които се очаква да направят криптовалутите по-популярни. С изпълнителните заповеди, за които се говори, че ще бъдат подписани в първия ден от встъпването му в длъжност, индустрията е готова за…

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Is Hong Kong Falling Behind?

In 2024, Singapore has surged ahead in the race to become the top crypto hub in Asia. In just one year, Singapore has issued 13 crypto licenses to major platforms like OKX, Upbit, Anchorage, BitGo, and GSR, which is double the number of licenses granted in 2023. This rapid growth shows Singapore’s commitment to creating…

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Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

– Advertisement – Dubai, United Arab Emirates, December 23rd, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce a meaningful step towards environmental sustainability with the adoption of an endangered sea turtle, named “Bybit.” In collaboration with WWF and Sumsub, this initiative underscores Bybit’s commitment to raising awareness about…

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Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

Dubai, United Arab Emirates, December 23rd, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce a meaningful step towards environmental sustainability with the adoption of an endangered sea turtle, named “Bybit.” In collaboration with WWF and Sumsub, this initiative underscores Bybit’s commitment to raising awareness about wildlife conservation and…

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Matador Technologies Commits $4.5 Million to Bitcoin and USD Investments

December 24, 2024 at 01:40 PM GST updated: December 24, 2024 at 01:29 PM 2 mins read News Matador invests $4.5M in Bitcoin and USD, diversifying treasury and mitigating economic risks. Shift from CAD to USD boosts stability; Bitcoin hedges volatility in Matador’s financial strategy. Bitcoin integration strengthens Matador’s digital gold platform, enhancing security and…

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