Bitcoin Policies Shift with US Economy
Although the US dollar has lost over 90% of its value since 1913, it continues to dominate all other fiat currencies as a store of value. #Update #Crypto @Cointelegraph → (0)
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Crypto Adoption Soars with 2024 Developments
The crypto industry in 2024 saw pivotal advancements with Markets in Crypto-Assets (MiCA) regulations in Europe, Bitcoin adoption surging in Latin America, and the United States considering a strategic Bitcoin reserve. #Update #Crypto @Cointelegraph ↗ (+7)
Bitcoin Milestone El Salvador Hits 6000 BTC
El Salvador now holds over 6,000 $BTC, joining the US, China, the UK, Ukraine, and Bhutan in this exclusive group, marking a significant milestone in its cryptocurrency investment strategy. #Breaking #Crypto @ElSalvadorGov ↗ (+8)
Crypto Showdown: Blockchain Sues IRS
The Blockchain Association sues the Internal Revenue Service (IRS), alleging that the IRS’ new crypto broker rules exceed statutory authority, violating the Administrative Procedure Act. #Update #Legal @BlockchainAssn ↘ (-3)
Crypto Debit Cards Revolutionize Spending
Crypto debit cards, like those from @CryptoCom, convert $BTC and other cryptocurrencies into fiat at the point of sale, enabling seamless spending in everyday transactions. #Update #Crypto @CryptoCom ↗ (+3)
Ethereum Surges: Ether ETFs Inflows Double
Ethereum’s monthly ETF inflows doubled, yet $ETH failed to break the $3,500 resistance, which would liquidate over $1B in short positions. #Update #ETF @Ethereum ↗ (+3)
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)
Bitcoin ETFs Surge with $38.3B Inflows
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)
IRS DeFi Rule Challenge Urged Uniswap
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)
Bitcoin: US Government Skips 2025 Purchase
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 Digital Asset Reporting Rules Unveiled
IRS finalizes rules mandating DeFi front-ends as brokers, requiring disclosure of digital asset sales proceeds. #Breaking #Legal @IRSnews ↘ (-6)
Crypto: Buterin Adopts Moo Deng
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)
Crypto Urges Congress Block DeFi Rules
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 Surge: Crypto Bizs Defining Year
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)