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news-imageDecember 28, 2024

Crypto Stakeholders Protest As U.S. Treasury Department and IRS Finalize New DeFi Broker Reporting Rule

Crypto stakeholders are protesting as the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalize new reporting rules for decentralized finance (DeFi) brokers.
Publisher: The Daily Hodl
Sentiment: Negative
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Negative
cover-imageBitcoin
December 29, 2024

Blockchain Sleuth Warns of New Crypto-Focused Social Engineering Exploit

Tay, a well-known blockchain security investigator, has reported on a new social engineering scheme targeting the cryptocurrency industry. She explained that industry workers are at risk, as attackers pose as field executives offering high-paying job opportunities.

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Negative
cover-imageBeInCrypto
December 29, 2024

Hackers Turn LinkedIn into a Tool for Scamming Crypto Users

The rise of cyberattacks continues to challenge the crypto industry, with hackers constantly refining their tactics. A new wave of scams targeting crypto professionals via LinkedIn has come to light, showcasing the increasing sophistication of these malicious schemes.

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Positive
cover-imageCrypto Reporter
December 29, 2024

7 Best Altcoins to Invest in This Weekend for Immediate Gains and Long-Term Potential

The world of cryptocurrency is buzzing with innovation, and for investors, there's never been a better time to explore the Best Altcoins to Invest in This Weekend. As blockchain technology continues to evolve, seasoned and novice investors alike are looking for projects with both immediate profit potential and long-term staying power.

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Positive
cover-imageInvezz
December 29, 2024

Meme coin mania: top 3 cryptos that dominated 2024

The cryptocurrency market, a space known for its constant evolution, continues to introduce new digital assets at a rapid pace. Among these, meme-based cryptocurrencies have experienced a surge in popularity, driven by their strong connections to internet culture and social media trends.

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Neutral
cover-imageCrypto Economy
December 29, 2024

How Can AI Agents Assist in Cryptocurrency Development?

TL;DR The combination of AI agents with cryptocurrency infrastructures has the potential to transform the digital economy by offering automation and programmable global transactions. The immaturity of the AI agent market and the cultural disconnect with the crypto ecosystem make the seamless integration of these technologies challenging.

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Negative
cover-imageCryptonews
December 29, 2024

Blockchain Association Sues IRS Over New Crypto Regulations

The Blockchain Association has launched a lawsuit against the U.S. Internal Revenue Service (IRS) over its latest cryptocurrency regulations. The post Blockchain Association Sues IRS Over New Crypto Regulations appeared first on Cryptonews.

general-iconGeneral
Negative
cover-imageCointelegraph
December 29, 2024

Memecoins lose momentum as $40B lost in December

Memecoins surged to as high as $137 billion in December before falling to as low as $92 billion in the same month. The memecoin market lost over $40 billion in December, with traders witnessing massive volatility and shifting opportunities.

general-iconGeneral
Positive
cover-imageBeInCrypto
December 29, 2024

Crypto Czar: What Does David Sacks' New White House Role Mean for the Market?

As President-elect Donald Trump prepares to take over the White House next year, expectation surrounding David Sacks' role as the United States' crypto czar grows in the cryptocurrency sector. In a conversation with BeInCrypto, industry leaders Ryan Chow of Solv Protocol and Kadan Stadelmann of Komodo expressed their optimism about Sacks' appointment, expecting favorable changes toward a more industry-friendly regulatory environment.

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Negative
cover-imageBitcoin
December 29, 2024

Cambodia Introduces Crypto Regulation Requiring Licensing for Digital Asset Activities

The National Bank of Cambodia (NBC) has issued new regulations on crypto-related activities. The directive, dated Dec. 26, mandates that individuals or entities involved in crypto asset transactions, such as fund mobilization, trading, and settlements, must obtain a license from the relevant authorities.

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Negative
cover-imageTokenpost
December 28, 2024

US IRS Faces Legal Heat Over DeFi Tax Rules as Developers Slam Compliance Burden

The US IRS is under fire as DeFi Education Fund launches a lawsuit challenging its controversial DeFi broker tax rules, citing threats to innovation and heavy compliance burdens on developers. DeFi Tax Rules Face Lawsuit for Alleged APA Violations New tax regulations that target the DeFi protocol are allegedly in violation of the Administrative Procedure Act (APA), according to the lawsuit filed by the DeFi Education Fund.

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Positive
cover-imageCryptopolitan
December 28, 2024

Crypto projects to receive the most venture capital funding in 2025

Crypto venture capital funding is projected to reach $18 billion in 2025, due to strong market fundamentals and favorable regulations. Investments will focus on Bitcoin Layer 2 solutions, blockchain infrastructure, AI blockchain, DeFi, Web3, privacy, and tokenization.

general-iconGeneral
Positive
cover-imageThe Currency Analytics
December 28, 2024

Michael Saylor Envisions $280 Trillion Crypto Market, Predicts Major U.S. Role in Global Digital Economy

Michael Saylor, the influential CEO of MicroStrategy, has recently shared a groundbreaking vision for the future of the cryptocurrency market, proposing a staggering $280 trillion market capitalization. This ambitious prediction comes as part of a broader proposal aimed at transforming the U.S. into the global leader in digital assets, with Bitcoin at the center of the financial revolution.

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Negative
cover-imageCoingape
December 28, 2024

DeFi Education Fund Sues US IRS Over Controversial Tax Rules

Crypto industry advocacy group, the DeFi Education Fund has filed a lawsuit against the US IRS barely 24 hours after it released its controversial tax framework. Despite claims that the agency finalized the regulation months ago, the DeFi Education Fund tagged it a “midnight” rulemaking.

general-iconGeneral
Positive
cover-imageCoingape
December 28, 2024

US and EU Banks Accelerate Stablecoin Plans Amid Regulatory Progress

Banks across the United States and Europe are ramping up efforts to issue stablecoins, fueled by evolving regulatory clarity and market demand. The introduction of the EU's Markets in Crypto-Assets Regulation (MiCA) and growing global interest in blockchain-based payment solutions have prompted traditional financial institutions to compete with established crypto firms like Tether Holdings.

general-iconGeneral
Positive
cover-imageCryptoPotato
December 28, 2024

2024 NFT Revenue Tops Last Year's $8B Mark

Despite skepticism around the NFT sector due to declining hype, 2024's performance stands as the third-highest annual revenue on record.

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Neutral
cover-imageCryptoGlobe
December 28, 2024

Real-World Asset Tokenization: Promise, Challenges, and the Path Forward

As Bitcoin reaches record highs, the concept of tokenization—creating digital representations of real-world assets on blockchains—is once again capturing attention in financial and cryptocurrency circles. Long touted as a transformative technology, tokenization has seen both promises of revolutionizing traditional asset markets and periods of slow progress.

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Negative
cover-imageBitcoinist
December 28, 2024

Crypto Trading Volume Plunges 64% In The Past Week — What's Happening?

There was a good level of optimism in the crypto market heading into the past week, with many investors speculating on a potential “Xmas Rally” for Bitcoin. While the premier cryptocurrency did make a play for the $100,000 mark on Christmas day, it didn't take long for the bears to resume control.

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Negative
cover-imageCryptopolitan
December 28, 2024

Blockchain Association files lawsuit against IRS over its new DeFi regulations

The Blockchain Association has filed a lawsuit against the Internal Revenue Service (IRS) over its new regulations for the decentralized finance (DeFi) sector. The group is fighting against new IRS laws that will classify some protocols in the DeFi sector as brokers.

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Negative
cover-imageCoingape
December 28, 2024

Pudgy Penguins Phishing Scam: A New Threat to Crypto Security?

A new phishing scam is targeting Pudgy Penguins NFT holders, raising concerns over crypto security. The scam uses deceptive Google ads to redirect users to fake websites, stealing crypto wallet credentials.

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Positive
cover-imageCryptopolitan
December 28, 2024

Wall Street banks race to cash in on the crypto bull run

Bitcoin's price explosion this year has Wall Street scrambling like never before. The big banks, who once rolled their eyes at crypto and left it to the small fry, are now elbowing their way into the market.

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Negative
cover-imageBeInCrypto
December 28, 2024

IRS Faces Legal Pushback Over New DeFi Compliance Rules

Three prominent pro-crypto groups — the Blockchain Association, DeFi Education Fund, and the Texas Blockchain Council — have initiated legal action against the US Internal Revenue Service (IRS).

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Negative
cover-imageBitcoin
December 28, 2024

Brazilian Congresswoman Sounds Alarm on Drex CBDC Risks, Rejects Cash Elimination Bill

Julia Zanatta, a Brazilian congresswoman, has raised concerns about the effects of implementing drex, the Brazilian CBDC, on the lives of citizens. Zanatta emphasized that drex, if not properly implemented, might lead to the prohibition of physical money and proposed a ballot for its final implementation.

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