As the cryptocurrency landscape continues to evolve, so too do the regulatory frameworks governing it. Starting in 2025, major changes will affect how digital asset transactions are reported to the Internal Revenue Service (IRS). This shift is particularly pertinent for investors utilizing centralized exchanges (CEX), as new reporting obligations will substantially impact their filing processes.
Crypto
As cryptocurrencies increasingly gain traction within the global financial landscape, an intriguing trend is emerging among U.S. states — the establishment of Bitcoin reserves. With seven states actively proposing strategic BTC reserves by January 17, 2025, we witness a shift that reflects not only the growing acceptance of Bitcoin as a legitimate financial asset but
In the speculative world of cryptocurrencies, meme coins often capture the public’s fancy with their whimsical branding and the allure of quick profits. A noteworthy example recently emerged with the launch of a meme coin backed by former President Donald Trump—the OFFICIAL TRUMP (TRUMP) token. This coin not only attracted attention due to its controversial
In the tumultuous world of cryptocurrency, Bitcoin has displayed remarkable resilience over the past weekend, maintaining a trading price hovering around $105,000. This is particularly impressive considering the broader market dynamics and the impact of various altcoins. Over the last few days, Bitcoin’s trajectory was initially perilous, crashing below $90,000 for the first time since
In recent weeks, the cryptocurrency realm has witnessed the emergence of a new player: the OFFICIAL TRUMP meme coin. This newly launched token has had a remarkable effect, especially on Solana (SOL), its underlying blockchain platform. The excitement surrounding the Trump coin has catalyzed a significant price surge for SOL, propelling it to all-time highs
In 2024, the non-fungible token (NFT) market faced a tumultuous year, marked not by growth, but by significant contraction, despite a general uplift in the broader digital asset sphere. Analysis from DappRadar’s ‘Dapp Industry Report’ reveals that the NFT landscape witnessed its least productive year since 2020, highlighting a stark contrast with the surging interest
The realm of cryptocurrency stands at a crucial juncture as the current bull market appears to be winding down. However, the optimism surrounding Bitcoin (BTC) is palpable, with experts forecasting unprecedented price levels by year’s end. Recent insights from the blockchain analytics platform CryptoQuant suggest that Bitcoin could potentially reach heights between $145,000 and $249,000.
In an unexpected twist, the cryptocurrency community has found itself captivated by the launch of a meme coin associated with Donald Trump, just days before he is projected to take office. This has sent ripples through the digital currency landscape, primarily due to Trump’s undeniable influence and the unconventional nature of his foray into the
The recent surge in Bitcoin’s price, which has catapulted it above the significant threshold of $100,000, is stirring excitement and skepticism among investors. After a volatile Monday that saw prices dip below $90,000, the cryptocurrency has reinforced its resilience. This pivotal moment raises critical questions about the sustainability of this upward momentum and the potential
Dogecoin (DOGE) has recently found itself back in the spotlight as its price skyrocketed, marking its highest value in over a month. This impressive surge has captivated the crypto community, especially in contrast to the turbulent market conditions experienced at the close of 2024. The digital asset, once a beloved meme coin, saw a drastic
