IRS Reaffirms Stance on Crypto Staking Taxes
The Internal Revenue Service (IRS) has doubled down on its position that cryptocurrency staking rewards are taxable as income upon receipt, disputing claims that they should be taxed only when sold or…
Italy Fines OpenAI $15.7M for Privacy Violations
Italy’s data protection agency, the Italian Data Protection Authority (IDPA), has fined OpenAI €15 million ($15.7 million) for privacy violations. The agency also ordered OpenAI to conduct a six-month public awareness campaign…
Bitcoin Approaches Key Reversal Level After Major Sell-Off
Bitcoin’s ongoing price correction may be approaching its conclusion as realized losses peak significantly above their weekly average, according to recent market analysis. Traders believe the current BTC sell-off could soon stabilize,…
Tornado Cash Co-Founder Asks Court to Drop Charges
Tornado Cash co-founder Roman Storm has filed a motion urging a U.S. federal judge to dismiss criminal charges against him. The request follows a recent appeals court ruling that found the U.S.…
BlackRock Sparks Debate on Bitcoin’s 21M Supply Cap
A recent video by BlackRock has reignited discussions about Bitcoin’s fixed supply of 21 million coins. The video included a disclaimer suggesting that there’s “no guarantee” the cap won’t change, sparking controversy…
Coinbase Accused of Market Manipulation in $1 Billion Lawsuit
Crypto exchange Coinbase is facing a $1 billion lawsuit filed by BiT Global Digital over claims of market manipulation and monopolization. The complaint alleges Coinbase delisted Wrapped Bitcoin (WBTC) to favor its…
MicroStrategy Hints at Bitcoin Purchase Above $100K
Michael Saylor, the mastermind behind MicroStrategy’s bold Bitcoin investment strategy, has dropped yet another clue suggesting the company may have made its first Bitcoin purchase at an average price exceeding $100,000 per…
Binance Partners with Circle to Strengthen Stablecoin Market Presence
Binance, one of the world’s largest cryptocurrency exchanges, is turning to new alliances as it seeks to reestablish itself in the stablecoin market. This move comes nearly a year after Binance USD…
Is $4,500 the Next Target for Ethereum? Here’s Why ETH Price Is Rising
Ethereum’s price is showing impressive resilience, bouncing back from a recent dip and fueling speculation about its next potential milestone. The cryptocurrency surged 11.6% from Dec. 10 to Dec. 12, reclaiming losses…
SEC Advances NYSE’s Application to List Bitwise Bitcoin and Ethereum ETF
The U.S. Securities and Exchange Commission (SEC) has taken a significant step in the process of listing Bitwise’s Bitcoin and Ethereum exchange-traded fund (ETF). According to a Dec. 10 filing, the SEC…
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