Tag: News

The US tax regulator, the Internal Revenue Service (IRS), has restated its stance on cryptocurrency staking, clarifying that rewards generated from staking activities are taxable as soon as they are received. The IRS added that staking rewards do not constitute new property, and are therefore subject to immediate taxation...

Jameson Lopp’s recent post on X, “RIP Bitcoin Obituaries,” suggests a decline in Bitcoin’s (CRYPTO: BTC) death proclamations, sparking interest in the cryptocurrency’s resilience. What Happened: The software engineer, columnist, and Bitcoin advocate’s post on Christmas Eve, hints at the diminishing frequency of death declarations. Bitcoin, the world’s largest cryptocurrency,...

Ethereum’s relative strength to Bitcoin could climb in January, which an analyst says might trigger an Ethereum “altcoin run.”...

A recent Bloomberg report has revealed that in 2024, Singapore was able to solidify its position as a leading digital asset hub in Asia, surpassing Hong Kong in “regulatory efficiency and appeal” to crypto firms. Particularly, the city-state issued 13 crypto licenses this year, more than double the number...

According to local reports, the Russian government will ban crypto mining activities in ten key regions following the recent enactment of the new industry-related laws. It will also implement seasonal bans on other territories and potentially add more areas to the list amid the ongoing electrical crisis in the...

Crypto analyst Ali Martinez has indicated that there is a looming parabolic rally for the Dogecoin price. Martinez predicted that the foremost meme coin could rally above $1 and reach as high as $20 if history repeats itself. Dogecoin Price Set For Rally Above $1  In an X post,...

Bitcoin (CRYPTO: BTC) rallied to new all-time highs above $100,000 earlier this month before pulling back. The question remains: Is the world’s largest crypto done running for a while or will the party resume this holiday season? What To Know: Bitcoin climbed to an all-time high above $108,000 last...

‘Dogecoin Killer’ Shiba Inu (CRYPTO: SHIB) experienced a price surge on Tuesday, fuelled by increased whale activity and broader optimism in the crypto market. Quick snapshot of the top three meme coins: Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB)  $0.00002317  $13.7 billion +6.6%  -14.9% ...

Wall Street kicked off the Santa Rally season on a positive note, with all major indices and sectors closing higher in a shortened session ahead of the Christmas holiday. The S&P 500 climbed 1%, extending its gains for a third consecutive session following last week’s volatile Federal Reserve meeting....

Bitcoin has been struggling to reclaim the $100,000 mark, facing persistent resistance while finding strong support around $94,000. Yesterday brought an interesting twist to the crypto market. While BTC grappled with selling pressure and volatility, Altcoins stole the spotlight, with many posting impressive gains of over 10%. This shift...