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Source: Bitcoinist 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 upon generation. IRS Confirms…
Source: Coin Tegraph ZachXBT says a hacker has breached 15 crypto-focused X accounts to share scam memecoins that have netted the attacker around $500,000. Read Full Article
Source: Coin Tegraph Ethereum’s relative strength to Bitcoin could climb in January, which an analyst says might trigger an Ethereum “altcoin run.” Read Full Article
Source: Coin Tegraph ZachXBT says a hacker has breached 15 crypto-focused X accounts to share scam memecoins that have netted the attacker around $500,000. Read Full Article
Source: Bitcoinist 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 granted in 2023. Prominent…
Source: Bitcoinist 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 country. Key Regions Face…
Source: Coin Tegraph MicroStrategy has submitted a proxy filing with the SEC seeking shareholders approval to boost its Bitcoin’s 21/21 Plan. Read Full Article
Source: Bitcoinist 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, Ali Martinez shared an…
Source: Coin Tegraph Analysts and experts say AI agents, a swathe of major network upgrades, and regulatory improvements in the US are all things Ethereum fans can be excited about in 2025. Read Full Article
Source: Bitcoinist 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 hints at a potential…
