The landscape of cryptocurrency taxation is set to undergo a consequential transformation starting in 2025. Individuals engaging in digital asset transactions through centralized exchanges, or CEXs, will now find themselves navigating a new realm of IRS reporting obligations. This initiative by the IRS signifies not just a procedural adjustment but also a pivotal moment in
Crypto
As the global economic landscape continues to evolve, several US states are positioning themselves to embrace Bitcoin (BTC) as an integral part of their financial strategies. By January 17, 2025, seven states have initiated plans to create strategic Bitcoin reserves, highlighting a substantial shift toward the cryptocurrency arena. This movement not only underscores Bitcoin’s growing
The cryptocurrency market has shown a remarkable resilience in recent days, particularly evidenced by Bitcoin’s price movements over the weekend. Trading near $105,000, Bitcoin’s stability is commendable, especially considering the recent volatility and the significant dip it experienced when it fell below $90,000 for the first time since November. The subsequent rebound, buoyed by bullish
In a dramatic unfolding that could only be described as captivating, the launch of the OFFICIAL TRUMP (TRUMP) meme coin has taken the cryptocurrency world by storm. Just a day after its introduction, this newly minted token not only captured the imagination of supporters but also demonstrated the remarkable volatility inherent in meme coins. The
The cryptocurrency landscape has witnessed the rapid ascension of a new and unexpected participant: the OFFICIAL TRUMP meme coin. This potent addition has generated headlines while simultaneously impacting the market dynamics of the Solana (SOL) blockchain. The recent surge in interest surrounding the meme coin, propelled by its association with Donald Trump, has instigated significant
The year 2024 proved to be a challenging period for the non-fungible token (NFT) market, as it faced some of the most significant setbacks in recent history. While the broader digital asset industry experienced a resurgence, NFTs seemed to falter dramatically, recording their weakest annual performance since 2020. According to insights from DappRadar’s “Dapp Industry
In an unprecedented move, Donald Trump, the president-elect of the United States, has captivated the cryptocurrency community by launching his very own meme coin. As he prepares to step into office, the attention surrounding this digital currency has astonished both supporters and skeptics alike. With a market cap that positions it among the top 40
As the cryptocurrency market approaches the culmination of its current bull cycle, speculation abounds regarding Bitcoin’s (BTC) potential to reach unprecedented price levels. Recent data from CryptoQuant suggests that Bitcoin could surge between $145,000 and $249,000 before the year concludes, igniting both optimism and skepticism among investors. The expected institutional adoption is heralded as a
Bitcoin has once again managed to surpass the elusive $100,000 mark, a critical psychological barrier for investors and analysts alike. The cryptocurrency’s recent performance has been characterized by significant volatility, notably illustrated by a dip below $90,000 earlier this week. The digital asset’s ability to bounce back from this plunge illustrates its resilience and the
Dogecoin, the original meme cryptocurrency, is experiencing a remarkable resurgence, climbing back to prices not seen in over a month. This upward trend follows a turbulent period that saw Dogecoin’s value plummet significantly in late 2024, dropping from more than $0.40 to approximately $0.26 in a matter of days due to external market pressures. However,