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IRS targets DeFi brokers with new tax reporting rules set for 2027
The IRS is going after decentralized finance (DeFi) brokers with a vendetta. If left, starting in 2027, these brokers will be required to report every dime made in crypto sales. The new rules fall under section 6045 of the Internal Revenue Code and are part of this big push to extend traditional tax regulations to […]Cryptopolitan
Fri, Dec 27
Bitcoin’s Power Play: BTC Maintaining Critical Chart Formation Sparks Upside Potential
Bitcoin‘s potential for a significant upside move in the short term continues to gain traction as a positive price trend emerges on its daily chart. With upward momentum currently building, the much-anticipated next move will put the digital asset back above the pivotal $100,000 mark. A Bullis...Bitcoinist
Fri, Dec 27
Floki to become the second Memecoin to launch ETP after Dogecoin – Here’s the 2025 potential timeline
Following the Dogecoin benchmark, the Floki exchange-traded product (ETP) is scheduled to be released in early 2025. This occurred subsequent to the crypto project’s decentralized autonomous organization (DAO)’s resounding approval of the allocation of liquidity for the establishment of a Floki ETP, with 99.9% of the vote cast in favor. The proposal was passed on […]Cryptopolitan
Fri, Dec 27
Robert Kiyosaki predicts Bitcoin will reach $350K in 2025 amid BlackRock’s ETF controversy
Robert Kiyosaki predicts Bitcoin will hit $350,000 by 2025, citing its 130% growth this year and rising institutional interest. BlackRock’s Bitcoin ETF saw a record $188.7M outflow and concerns about price manipulation. However, the institutional players in Bitcoin strengthen the overall market outlook. Kiyosaki predicts Bitcoin’s rise while criticizing BlackRock The popular Rich Dad Poor […]Cryptopolitan
Fri, Dec 27
Historical Data Shows What To Expect From Ethereum Price In Q1 2025 – It’s Very Bullish
Historical data shows that the Ethereum price could enjoy huge gains in the first quarter of 2025. Based on this data, crypto analyst Kaduna predicted that the second-largest crypto by market cap could usher in the altcoin season at the start of the new year. Historical Performance Shows What To Exp...NewsBTC
Fri, Dec 27
Solana co-founder faces lawsuit from ex-spouse over staking profits
Stephen Akridge, a co-founder of Solana, is in the middle of a courtroom showdown. His ex-wife, Elisa Rossi, has dragged him into a lawsuit claiming he made off with “millions of dollars” from her staking rewards. These are earnings generated by locking up Solana tokens to validate transactions—a common way crypto holders make passive income. […]Cryptopolitan
Fri, Dec 27
DOGE, SHIB Breakout Delayed as Traders Get Distracted By PEPE and another $0.003 Token Poised for $15
As the cryptocurrency market anticipates the next bull run, traders are shifting their focus from established tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) to emerging contenders such as PEPE and Lightchain AI (LCAI). PEPE, a meme-based cryptocurrency, has recently surged past an $11 billion market capitalization, briefly overtaking Uniswap’s UNI token. This rapid ascent […]Cryptopolitan
Fri, Dec 27
The dollar is headed for its best year in nearly a decade
The US dollar is absolutely crushing it this year. It’s on track to clock its best performance since 2015, riding high on the back of a powerhouse US economy, a cautious Federal Reserve, and market enthusiasm fueled by President-elect Donald Trump’s aggressive tariff threats. The Bloomberg Dollar Spot Index, which tracks the currency’s performance against […]Cryptopolitan
Fri, Dec 27
Altcoin Season Enters 140-Day Golden Window, What Does Bitcoin Dominance Have To Do With It?
The altcoin season could be closer than ever, as the Bitcoin Dominance has entered a historically favorable phase for alternative digital assets. According to a crypto analyst, the altcoin season has officially entered the 140-day Golden Window, a period marked by significant growth for altcoins. Th...Bitcoinist
Fri, Dec 27
Bitcoin’s Kimchi Premium surges as analysts set price target at $200k by Q2 2025
Bitcoin’s Kimchi Premium is on fire, hitting levels not seen in months. This metric, tracking the price gap between Bitcoin on South Korea’s Upbit exchange and Coinbase, has jumped to 3-5%, according to data from CryptoQuant. This means one thing: South Korean investors are pouring into Bitcoin like it’s their last lifeline. And why wouldn’t […]Cryptopolitan
Fri, Dec 27
Chainlink Is Forming A Head-And-Shoulders Pattern – Confirmation Could Take LINK To $14
Chainlink (LINK) has recently shown resilience after a 35% retrace from its yearly highs, surging over 30% to test liquidity around the $23 mark. Despite this recovery, bearish sentiment continues to weigh heavily on altcoins, and Chainlink is no exception. The cryptocurrency has struggled to reclai...NewsBTC
Fri, Dec 27
OKX to delist XRP and LTC expiry futures – What’s the catch?
Despite the recent bull rallies by both coins, OKX appears to have maintained its stance, as previously stated in June of this year. Ripple’s XRP and Litecoin (LTC) USDT-margined and crypto-margined expiry futures will be delisted by the crypto exchange today. OKX announced, “In alignment with current market trends and to better meet users’ needs[…] […]Cryptopolitan
Fri, Dec 27
OpenAI admits it needs more cash for its for-profit vision
OpenAI is officially done pretending it can run like a charity. On Friday, the company announced it has finalized plans to transition into a public benefit corporation (PBC) as soon as possible next year, finally ditching the nonprofit structure that’s apparently been holding it back. “The hundreds of billions of dollars that major companies are […]Cryptopolitan
Fri, Dec 27
Terra Luna Founder Do Kwon to be extradited to the United States
Do Kwon, the mastermind behind the TerraUSD and Luna disaster that obliterated $40 billion in crypto, is finally heading to the United States to face justice. Montenegro’s Minister of Justice, Bojan Božović, signed the extradition order, prioritizing the U.S. request over South Korea’s. This decision comes after Montenegro’s Supreme Court confirmed all legal conditions for […]Cryptopolitan
Fri, Dec 27
UPDATE 2-Montenegro orders extradition of Terraform lab co-founder Do Kwon to United States
Adds Kwon lawyer's comments paragraph 5, background, explanation of stablecoinSARAJEVO, Dec 27 (Reuters) - Montenegrin Justice Minister Bojan Bozovic has ordered the extradition of Terraform Labs co-founder Do Kwon, also wanted by South Korea, to the United States, the ministry said on Friday.A Sout...Reuters
Fri, Dec 27
Bitcoin $90K Level Is Crucial For Bulls – Price Could Tag $79K If BTC Loses It
Bitcoin has found itself in a challenging position, struggling to reclaim the coveted $100,000 mark after a rapid shift in market sentiment. Just weeks ago, optimism dominated the landscape, with prices surging toward new heights. However, the narrative has taken a sharp turn, as fear now grips the ...NewsBTC
Fri, Dec 27
UPDATE 1-Montenegro orders extradition of Terraform lab co-founder Do Kwon to United States
Adds more detailSARAJEVO, Dec 27 (Reuters) - Montenegrin Justice Minister Bojan Bozovic has ordered the extradition of Terraform Labs co-founder Do Kwon, also wanted by South Korea, to the United States, the ministry said on Friday.A South Korean national, Kwon is the former CEO of South Korea-based...Reuters
Fri, Dec 27
