IRS Grants Temporary Relief on Crypto Accounting Rules Amid Industry Pushback

The United States Internal Revenue Service (IRS) has announced temporary relief on a controversial rule affecting crypto investors on centralized exchanges (CeFi). The initial ruling required brokers to default to the “First In, First Out” (FIFO) accounting method if investors didn’t specify a preferred option such as HIFO (Highest In, First Out) or Spec ID….

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The infamous Blockchain Bandit resurfaces after 5 years, moving $172 million in Ethereum

A figure known as the “Blockchain Bandit” is back after five years, moving 51,000 ETH worth about $172 million from ten inactive wallets to a multi-signature wallet. The sudden transfer of funds, which have been inactive since 2018, has raised concerns among cybersecurity experts. They think it might suggest plans for liquidation, laundering, or new…

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Polkadot’s Falling Wedge Signals $9.5 Breakout:  Could $18–$20 Be on the Horizon?

DOT’s price tests support near $6.68 within a falling wedge, signaling a potential bullish breakout. Short-term breakout targets are set at $9–$9.5, with extended projections between $18 and $20. Broader market dynamics, including the decline, could drive DOT’s performance in Q1 2025. Polkadot’s (DOT) daily chart shows a falling wedge pattern, often associated with potential…

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Dogecoin Holders Are Rapidly Accumulating This New Altcoin Tipped To Replace XRP and XLM

Dogecoin started out as a playful meme token but today, it has captured the heart of crypto enthusiasts and even garnered endorsements from high-profile figures. But Dogecoin price’s recent stagnation has left a large part of the DOGE army seeking greener pastures elsewhere.  A growing number of those investors have found Remittix, a promising new…

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Stablecoin to move beyond trading in 2025, Dragonfly Capital exec predicts

As banks gear up to issue stablecoins for payments, 2025 could mark a turning point for stablecoin adoption, Dragonfly Capital’s Haseeb Qureshi predicts. Stablecoins are set to revolutionize small and medium-sized business payments in 2025, shifting from trading and speculation to enabling real-world use cases like instant settlement, according to Dragonfly Capital’s managing partner Haseeb…

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