The crypto community has taken to social media to express its grievances after the U.S. Treasury and Internal Revenue Service (IRS) launched their updated DeFi tax reporting requirements on Friday. U.S. Treasury, IRS Announce DeFi Tax Requirements As part of…
The Ethereum (ETH) price is on the back foot on Friday, the final trading day of the year in traditional financial markets, and is threatening a break back below $3,300. ETH’s recent rejection of resistance at $3,500 in the form…
Montenegro confirmed on December 27 that it will extradite South Korean cryptocurrency entrepreneur Do Kwon to the United States (US). The decision concludes months of legal disputes between the U.S. and South Korea, both of which sought Kwon’s extradition in…
Interest rates were a tailwind to prices for much of 2024, but now may have become a headwind. What to know: Bitcoin nearly retook the $100,000 level over the holiday, but declined swiftly in early action Thursday. The broader crypto…
Sheila Warren, CEO of the Crypto Council for Innovation, had her X account hacked on Thursday, December 26, to promote the $SPELL token, the advocacy group confirmed in a social media statement. Sheila Warren Hacked to Promote $SPELL Token The…
A Floki exchange-traded product is set to go live in Europe in early 2025, a project developer told CoinDesk. What to know: Meme-turned-utility project Floki could be the basis of an exchange-traded product as early as the first quarter. Developers…