In 2024, crypto tax tools like @CoinTracker, CoinLedger, TokenTax, and ZenLedger help investors in the U.S., U.K., Canada, Australia, and India report crypto transactions accurately. #Update #CryptoTax #Crypto
CFTC Chairman Rostin Behnam seeks more funding and authority to oversee crypto markets, claiming 70-80% of cryptocurrencies are non-securities. An Illinois court classified $BTC and $ETH as digital commodities, backing his stance. #CryptoRegulation
Siacoin ($SC) surged 29% to $0.005248, with market cap up 27% to $303M. Trading volume spiked 2,700% to $72.7M. $SC powers @Sia__Foundation’s decentralized cloud storage. #Update #CryptoNews
Goldman Sachs (@GoldmanSachs) will launch three tokenization projects by year-end, targeting institutional clients through private blockchains. Aimed at U.S. asset management and European debt markets, the projects highlight a cautious yet innovative approach amid rising institutional interest in crypto. #Update
LayerZero Labs and Initia Labs are developing a new interoperability standard for Cosmos. This will connect Cosmos SDK chains with LayerZero-enabled chains, boosting omnichain interoperability. LayerZero has already handled over 135 million cross-chain messages. #BlockchainTech #Update
Bitcoin whales are accumulating as $BTC trades below $60K, with balances up 6.3% monthly, says @cryptoquant_com. Despite market drops, whale activity is strong, hinting at confidence in long-term gains. #Update
Former President Trump’s pro-crypto stance boosts his favorability among GOP voters, with 13% more supportive. 60% want clear crypto regulations, while 68% oppose CBDCs. This shift may reshape the GOP base. #CryptoNews #Update
Crypto exchanges @krakenfx and @coinbase, along with blockchain firms like Fireblocks, have formed the Blockchain Security Standards Council to tackle security threats. The council aims to develop uniform security standards by 2024. #CryptoSecurity #Update
Ethereum ($ETH) rises above $3,000 but faces resistance at $3,200. Analysts suggest bullish news, like the anticipated Ethereum ETF, could sustain momentum. A whale’s $50.3M withdrawal from Binance hints at large accumulations. #Update
Cryptocurrency fans are flocking to FatBoy by @CleevioX, a new Tamagotchi-like blockchain game. Launched with strong VC support, it raised $1.5M in 12 hours during its first token presale. #CryptoGaming #Update
Crypto.com and @unstoppableweb are offering 200 premium Web3 domains from July 10 to August 9, 2024, priced $20-$10,000. Secure your Web3 identity with simple, user-friendly names like “x.x” and “1.go.” #Web3 #Update
The Bank of Israel has delayed the digital shekel rollout to observe the European Central Bank’s digital euro launch, aiming to understand its impact on public adoption. #CBDC #Update
Toncoin ($TON) and KangaMoon show strong gains despite the crypto downturn. $TON is up 445% YTD, aiming for $15, while KangaMoon surged 120% this week, targeting $1 and a $1B market cap. #Update
Bitcoin mining stocks rebounded Wednesday with $RIOT and $MARA shares up over 1%. Gains of 1.5%+ were seen in $CLSK, $IREN, $CORZ, and $WULF as Bitcoin prices rose from $53,520 to $59,390. #Update
