December has marked a significant turning point for MakerDAO, evidenced by the remarkable financial performance reported by DeFiLlama. The decentralized finance (DeFi) platform hit a staggering $40.86 million in fees and recorded $26.77 million in revenue, both unprecedented metrics for the protocol. This financial success not only illustrates a surge in user activity but also
admin
In the ever-evolving landscape of digital finance, few voices resonate with the clarity and conviction of Semilore Faleti. Initially venturing into various writing domains, he found his true calling in cryptocurrency and blockchain technology. Semilore’s journey from a general content creator to a specialized cryptocurrency journalist reveals not only his adeptness at simplification but also
In December 2024, the crypto market underwent a significant transformation as artificial intelligence (AI) technologies established themselves as frontrunners in the rapidly evolving financial landscape. A report from Dexu AI, a respected Web3 analytics platform, reveals that AI-focused cryptocurrencies generated impressive returns, highlighting the shift towards more technologically sophisticated solutions. Notably, the AI16Z token soared
In recent months, the conversation surrounding Bitcoin as a national asset has shifted from niche forums to the mainstream political arena. The CEO of Metaplanet, a Japanese venture capital firm, has sparked renewed interest by asserting that the United States is igniting a global quest for Bitcoin (BTC) reserves. This assertion implies a significant shift
The Internal Revenue Service (IRS) recently announced a temporary reprieve concerning the rules associated with cost basis reporting for cryptocurrencies. This decision is particularly significant for investors navigating the complex landscape of digital asset taxation. By postponing the stringent requirements that would obligate centralized crypto exchanges to adopt the First In, First Out (FIFO) accounting
The realm of cryptocurrency is constantly evolving, with companies pushing the boundaries of what is possible. Among these players, the AI platform ai16z is contemplating a transformative move by potentially launching a layer-1 (L1) blockchain network. This ambition is not just about creating another blockchain; it’s a strategic pivot towards an innovative tokenomics model designed
In recent days, the cryptocurrency market has been rife with bearish forecasts regarding Bitcoin’s price trajectory. Renowned analyst Peter Brandt has made headlines with his prediction that Bitcoin’s price could plummet to a worrying $78,000. This stance springs from his observation of a head-and-shoulders top pattern, a technical analysis formation that often signals a forthcoming
Recent developments indicate a significant shift within the financial industry as major players like Morgan Stanley’s subsidiary, E-Trade, prepare to enter the cryptocurrency trading space. Reports have emerged suggesting that E-Trade is strategically positioning itself to launch crypto trading services, largely driven by the expectation of a more favorable regulatory environment under the impending administration
In recent months, China has enacted stringent measures aimed at monitoring and controlling foreign exchange activities, particularly those associated with cryptocurrencies. The South China Morning Post sheds light on the directives issued by the State Administration of Foreign Exchange (SAFE), where banks are mandated to scrutinize and report any suspicious transactions. These new regulations seek
The realm of cryptocurrency has gained considerable traction in recent years, prompting regulatory bodies, particularly in the United States, to grapple with the complexities that accompany this digital asset class. As the landscape evolves, so too does the Tax Code, leading to a slew of regulations that affect how taxpayers report their crypto transactions. In
