The IRS, or Internal Revenue Service of the United States, has revealed A new draft version of the 1099-DA tax formused by cryptocurrency brokers and investors to report certain digital asset transactions for the upcoming fiscal period in 2025. The new version is a significant improvement over the original draft submitted in April 2024. The … Read more
Ben Armstrong, widely known as “Bitboy” in the cryptocurrency community, recently made some intriguing predictions about the prices of Bitcoin and XRP during an appearance on the latest episode of Tony Edward’s “Thinking Crypto” YouTube show. The former millionaire influencer outlined his views on upcoming market dynamics, offering both hope and caution to cryptocurrency enthusiasts. … Read more
In July, the global cryptocurrency trading volume on centralized exchanges increased by 19%, reaching $4.94 trillion. This marks the first increase in trading volumes in four months, CCData reported. Increase in cryptocurrency trading volume CC Data noted that the increase in trading volume is due to the launch of Ethereum exchange-traded funds in the US … Read more
Bankrupt cryptocurrency lending firm Celsius Network has launched legal proceedings against Tether, the company behind the USDT stablecoin. The lawsuit, which was filed in connection with a contractual dispute dating back to 2022, alleges that Tether breached its agreement by unjustifiably liquidating 39,542.42 bitcoins held as collateral for a loan issued in USDT. Celsius maintains … Read more
A new report from Coinbase Research claims that macroeconomic pressure is weighing heavily on the cryptocurrency market. Analysts expect the market to remain vulnerable over the next few weeks because there are very few catalysts to push the price higher. This has many investors nervous as conditions are changing globally. Coinbase: Macroeconomic factors at play … Read more
Several startups raised significant funding last week, including Andrena, Vessel, Cartridge and Pentagon Games. Andrena, 18 million dollars In the largest funding round of last week, US internet service provider Andrena raised $18 million through a Series A funding round led by Dragonfly Capital. Notable venture firms that participated in the round include Castle Island … Read more
Summary Santiment ranked Internet Computer (ICP) as the top digital asset for development activity, followed by Hedera (HBAR) and Cardano (ADA). The top 10 list also includes Ethereum (ETH), Chainlink (LINK), Polkadot (DOT), and Cosmos (ATOM), with Ethereum gaining attention due to new ETH spot ETFs in the United States. The Top 10 List The … Read more
Investors are constantly looking for the next big opportunity. Mpeppe (MPEPE)A new entrant in the meme coin arena, Mpeppe (MPEPE) has quickly captured the attention of investors of both Pepecoin (PEPE) and Pepe Unchained (PEPU). This is why Mpeppe (MPEPE) is emerging as the ideal investment for those looking for substantial gains. Revolutionary fusion of … Read more
Defunct cryptocurrency lender Celsius has filed a lawsuit against Tether, accusing the stablecoin issuer of asset misappropriation. The move comes amid recent attempts by the cryptocurrency firm, which filed for bankruptcy in 2022, to recover billions of dollars in funds for creditors. Why is Celsius asking for over $3.5 billion from Tether? Bankrupt Celsius has … Read more
Image credited to: Cointelegraph.com Hey crypto enthusiasts! Fasten your seatbelts as we dive into today’s latest Bitcoin news, with some major developments that have the crypto world in turmoil. First, let’s talk about Morgan Stanley. According to a recent article on CointelegraphFormer SEC official John Reed Stark has serious doubts about Morgan Stanley’s latest move … Read more
