IRS Rule Challenge Urged by Uniswap
Uniswap’s chief legal officer criticized the IRS’s new DeFi broker rule, suggesting it should be contested, while a Consensys lawyer claimed the timing of the release was strategic. #Update #Legal @Uniswap ↘ (-3)
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Uniswap’s chief legal officer criticized the IRS’s new DeFi broker rule, suggesting it should be contested, while a Consensys lawyer claimed the timing of the release was strategic. #Update #Legal @Uniswap ↘ (-3)
US-listed Bitcoin and Ether ETFs recorded $38.3B in net inflows in their launch year, with 80% demand from retail; analysts foresee institutional growth by 2025. #ETF @Cointelegraph ↗ (+3)
Uniswap’s chief legal officer criticized the IRS’s new DeFi broker rule, while a Consensys lawyer suggested the timing was strategic, released on the last Friday of 2024 during a holiday period. #Update #Legal @Uniswap ↘ (-3)
Galaxy Research predicts US government agencies will explore an “expanded Bitcoin reserve policy” in 2025, but no $BTC purchases are planned. #Update #Crypto @GalaxyResearch → (0)
IRS finalizes rules mandating DeFi front-ends as brokers, requiring disclosure of digital asset sales proceeds. #Breaking #Legal @IRSnews ↘ (-6)
Howells fights to reclaim a $773M Bitcoin hard drive for blockchain innovation funding, while Buterin adopts Moo Deng, adding festive cheer to crypto. #Update #Legal @Cointelegraph ↗ (+3)
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules. #Update #Legal @IRS ↘ (-3)
Bitcoin’s landmark year sees @CryptoCom launch a new custody service amid Russia’s partial crypto mining ban and US taxes on staking rewards. #Update #Crypto @CryptoCom ↗ (+3)
Howells’ legal battle to recover a lost $773M Bitcoin hard drive aims to fund blockchain innovation, as @VitalikButerin adopts Moo Deng, highlighting crypto’s evolving landscape. #Legal @Cointelegraph ↗ (+3)
In a recent @Cointelegraph video, the risk of quantum computing to $BTC and potential solutions were assessed, urging investors to safeguard their portfolios. #Update #Crypto @Cointelegraph → (0)
Inflows into crypto exchange-traded funds are a key driver of price performance, @Citi said, highlighting stablecoin adoption and ETF growth as significant factors for 2025. #Update #Crypto @Citi ↗ (+3)
Bitcoin remained resilient despite the $14B options expiry, peaking above $97,330, setting a $110K $BTC target. #Update #Crypto @Bitcoin ↗ (+6)
Bitcoin’s failure to break through a critical resistance level raises risk of decline toward $81,500, warns analyst amid rising stablecoin dominance. #Update #Crypto @Bitcoin ↘ (-3)
@Tether’s $USDT not automatically MiCA-compliant as EU remains silent; MiCA ends Dec. 30, 2024, with an 18-month transition phase. #Update #Legal @Tether_to ↘ (-2)