The landscape for cryptocurrency taxation is on the brink of transformation, particularly for users engaged with centralized exchanges (CEX). Starting in 2025, new reporting obligations imposed by the Internal Revenue Service (IRS) will significantly affect the way transactions are documented and reported, ushering in a new era of compliance and transparency for digital asset investors.
Crypto
As Bitcoin continues to gain traction as a significant financial asset, multiple states in the U.S. are re-evaluating their investment strategies to include this digital currency. By January 17, 2025, seven states had taken substantial steps toward incorporating Bitcoin into their fiscal frameworks. This trend signifies not just a shift in investment practice, but also
The recent weekend displayed impressive momentum for Bitcoin, as it hovered near $105,000 amid a turbulent market environment. Despite the broader cryptocurrency landscape facing significant downturns, particularly among alternative coins, Bitcoin managed to maintain a steady presence. This remarkable performance is notable considering the asset had recently experienced significant volatility, dipping below $90,000 for the
The launch of the OFFICIAL TRUMP (TRUMP) meme coin has taken the cryptocurrency world by storm, generating interest and excitement among investors and supporters shortly after its announcement. This bold venture took place on a Friday night and immediately caught the attention of millions of followers of the president-elect. With a launch price skyrocketing to
The landscape of non-fungible tokens (NFTs) experienced a tumultuous year in 2024, revealing vulnerabilities even as the broader digital asset market rallied. Data from DappRadar’s ‘Dapp Industry Report’ indicates that, throughout the year, the NFT sector grappled with challenges that culminated in one of its weakest performances since the crypto boom of 2020. Initial excitement
The cryptocurrency market has recently witnessed an extraordinary surge in both speculation and excitement, primarily centered around the new OFFICIAL TRUMP meme coin. Launched with much fanfare, this token has not only captivated the attention of crypto enthusiasts but also significantly influenced the performance of Solana’s native token, SOL. Amidst a backdrop of fluctuating prices
As we approach the latter part of the year, the sentiment among cryptocurrency enthusiasts remains fervently optimistic, particularly concerning Bitcoin (BTC). With the ongoing bull cycle potentially nearing its conclusion, a range of analysts is predicting that Bitcoin could reach unprecedented values by year-end. Recent findings from CryptoQuant, a leading blockchain analytics platform, suggest that
The landscape of cryptocurrency is notoriously unorthodox, with new projects emerging at an astonishing pace. One of the latest shockwaves in this realm has been sent by none other than Donald Trump, who is poised to make headlines not just in political circles but also within the crypto community. With his announcement of an official
Bitcoin has once again crossed the significant threshold of $100,000, igniting a renewed wave of optimism amongst investors. After experiencing a significant drop below the $90,000 mark just days prior, many are left pondering whether this latest surge can be sustained. For several weeks leading up to this event, Bitcoin struggled to exceed the $100K
Dogecoin, the iconic cryptocurrency originally created as a joke, has recently experienced a significant resurgence in its market value. After facing substantial setbacks, particularly during the broader market crash towards the end of 2024, this meme coin has shown resilience, garnering attention and investment from prominent players in the cryptocurrency realm. As of late, Dogecoin’s
