The IRS will allow crypto holders on centralized exchanges to bypass strict tax regulations in 2025, preserving flexibility in reporting and tracking digital asset sales. IRS Announces Temporary Relief for Some Crypto Holders The Internal Revenue Service (IRS) has issued a temporary relief measure, which is expected to benefit cryptocurrency holders using centralized finance (cefi) […]
2024 was nothing short of a rollercoaster for crypto aficionados, featuring key milestones that shook the industry. The U.S. Securities and Exchange Commission (SEC) greenlit both spot bitcoin and ethereum exchange-traded funds (ETFs), Bitcoin experienced its fourth halving event, and the digital asset smashed through the $ 100,000 threshold. Buckle up as we revisit …
Do Kwon, the South Korean founder of Terraform Labs, has been extradited to the United States. Authorities in the country accused Do Kwon of orchestrating a multi-billion dollar crypto fraud following the collapse of his company’s Terrausd and Luna cryptocurrencies in 2022. The collapse caused billions of dollars in losses across the market. Do Kwon […]
The Q4 2024 crypto valuation surge saw the digital asset market cap surpass that of the global inflation-linked bond market. Crypto Market Cap Dwarfs U.S. High-Yield Bond Market The crypto market capitalization surged from $ 1 trillion to over $ 3 trillion in the last quarter of 2024, surpassing that of the global …
The digital asset XRP wrapped up 2024 on a high note, climbing above $ 2 for the first time in years after spending much of the year under $ 0.72 per coin. Since early Jan., XRP has jumped by more than 236% against the greenback. From $ 0.63 to $ 2.12: …