The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules.

Pig butchering scams led to $3.6 billion in crypto losses in 2024, emerging as the most significant fraud scheme of the year, according to a report by web3 security firm Cyvers. The long-term fraud method, where victims are groomed over time to make substantial investments, outpaced other forms of crypto scams in 2024.

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.

Gems Launchpad's NFA Club, dubbed the “Tinder of Crypto,” gamifies crypto investing with AI-powered KOL insights, staking, and trading signals.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Robert Le of PitchBook discusses which crypto projects are likely to get the most attention from venture capital firms in 2025.

The U.S. Internal Revenue Service said DeFi brokers should comply with long-standing securities rules, disagreeing with industry sentiment arguing for different laws for digital assets.

Metamask, a prominent Web3 wallet, has launched its Gas Station feature, which aims to alleviate users' challenges with transaction fees on the Ethereum mainnet. Web3 Wallet Metamask Tackles Gas Fee Challenges The new feature, integrated into Metamask's Smart Transactions with Swaps, provides gas-included transaction quotes.

Incarcerated former FTX executive Ryan Salame appears to have already slashed a year off his prison sentence. Data from the U.S. Federal Bureau of Prisons indicates Salame's release date is now March 1st, 2031. The former co-chief executive of FTX Digital Markets reported to prison in October after being sentenced to 7.

The cryptocurrency market is experiencing significant volatility, drives anxiety among traders and investors. Bitcoin (BTC), which has recently traded around $96,478, has seen a decline to $96,000, raising concerns about its short-term price trajectory.

Opportunity often lies in the details. Each cycle brings new favourites and hidden gems, and 2024 is no different. XRP, the trailblazer in remittance technology, continues to redefine cross-border payments. Cardano is steadfast in its mission to deliver sustainable, scalable blockchain solutions.

A widely followed crypto analyst is issuing a warning about one red-hot utility altcoin, saying it could be in for a slow bleed to the downside.

Experts predict that AI agents, real-world assets (RWAs), stablecoins, and an increasingly friendly approach to crypto regulations will be key drivers of the crypto sector's trajectory in 2025. Expectations over a global race for strategic Bitcoin reserves were also among their answers.

VC funding accelerated in 2024, capping a successful year with more than $17B in crypto startup deals. The last month of the year wrapped up multiple private placements and undisclosed deals.

In the world of cryptocurrencies, the names of such giants as Polkadot (DOT) and Avalanche (AVAX) are getting louder and louder. However, Nebula Stride (NST) - an ambitious project that is rapidly gaining momentum and offers truly unique solutions - is increasingly standing out against their background.

The native token of the layer-two Ethereum network Movement has delivered significant gains to investors who were eligible to receive its airdrop on December 9. Within the first 24 hours, the token's price rose from around $0.70 to over $2 at some point the day after the airdrop.

Th final regulation treats DeFi front-ends as brokers, demanding the disclosure of gross proceeds from sales of digital assets.

The US Treasury Deaprtment has finally released the long-awaited DeFi broker tax reporting framework in its bid to capture revenue from the growing industry. According to the released framework, platforms offering trading services to report user transactions with the Internal Revenue Service (IRS).

The U.S. Treasury's sweeping IRS rule forces crypto platforms to track and report all transactions, igniting fierce industry backlash and looming legal battles over its survival. US Treasury Expands IRS Reach – Crypto Industry Faces Full Reporting Rule The U.S.

Gil Luria, D.A. Davidson managing director, joins 'Money Movers' to discuss his bitcoin and crypto outlook.

The US Department of the Treasury and the Internal Revenue Service (IRS) have released the final version of its broker rules to digital assets services providers, which includes provisions on requiring DeFi protocols to conduct Know-Your-Customer (KYC) procedures.

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

The world's crypto mining tax has strongly declined, with countries known to receive budget boosts, such as Kyrgyzstan, left in dismay.

The finalized rule means "front-end" crypto service providers will follow the same tax reporting requirements as traditional securities brokers.

In a recent Cointelegraph video, we assessed the risk posed by quantum computing to cryptocurrency, potential solutions, and what investors should do to protect their portfolios.

Sheila Warren, CEO of the Crypto Council for Innovation, had her X account hacked on December 26, promoting $SPELL token scams. The organization quickly addressed the issue, removing the posts and warning the public. The post Crypto Council for Innovation CEO's X Account Hacked to Promote $SPELL appeared first on Cryptonews.

TL;DR Crypto whales are making large stablecoin deposits to Binance. A $500 million transfer to Binance has been reported, raising expectations of potential asset accumulation. Bitcoin reserves on exchanges have decreased, indicating possible accumulation by investors.

According to Agence France Presse, Montenegro is set to extradite South Korean cryptocurrency entrepreneur Do Kwon to the U.S.

The directive, issued on December 26, represents Cambodia's shift toward embracing financial innovation while prioritizing strict oversight.

The crypto industry stands at a crossroads, poised for potential unprecedented growth in 2025, driven by favorable regulations, that could pave the way for ETF (exchange-traded funds) approvals, institutional participation, and the prospect of emerging concept of Bitcoin (BTC) reserves in national treasuries.

Kyrgyzstan, a Central Asian nation known for its affordable electricity prices, has been a hub for crypto mining in recent years but this is changing as prices rise. The post Kyrgyzstan's Crypto Mining Tax Revenue Falls 50% to Only $500K in 2024: Report appeared first on Cryptonews.

A widely followed crypto analyst is leaning bullish on altcoins as Bitcoin (BTC) hovers below the $100,000 psychological level. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 236,200 followers on the social media platform X that altcoins are due to explode over the coming weeks.

Inflows into crypto exchange-traded funds are a key driver of price performance, the asset manager said.

A crypto analyst is predicting a sharp 15-week decline in Bitcoin Dominance Index (BTC.D) and forecasts the first quarter of 2025 to witness an alt season. Alt season is when the dominance of BTC falls, allowing capital to rotate from Bitcoin to altcoins, leading to an explosive growth in crypto tokens.

Kyrgyzstan crypto mining tax revenue fell by over 50% in 2024, generating 46.6 million soms.

Illuvium: This blockchain-based game is leading the charge in integrating NFTs into immersive gameplay. By offering players ownership of in-game assets, Illuvium is reshaping the gaming landscape, merging entertainment with digital ownership.

This is a segment from the Empire newsletter. To read full editions, subscribe.

The wider cryptocurrency market entered a bull run following the conclusion of the United States presidential election in November. However, the surge hit its first speed bump quite quickly — in mid-December, the Federal Reserve announced that it would put fewer rate cuts in place in 2025 than was originally expected.

Following considerable financial support during the 2024 election, the digital asset industry is positioning itself for a significant transformation in how it is regulated. What Happened: After years of dealing with unclear federal policies, and some hostile action by regulators, a change could be on the horizon under a new presidential administration, according to The Hill.

A report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared to last year's crypto mining tax collection.

The derivatives trading function is regulated by the CFTC and is available on the App and website.

A huge part of Donald Trump's presidential campaign was based on cryptocurrency. He promised to introduce a new regulatory framework for crypto and promote it as a more mainstream asset.

After a market-wide dip on Christmas day, cryptocurrency markets are showing signs of recovery, driven by increased stablecoin inflows to centralized exchanges. On-chain intelligence provider Santiment highlighted a notable shift in whale activity, with multiple large stablecoin deposits into centralized exchanges, signaling potential increased demand for cryptos.

For crypto to achieve mainstream adoption, marketing must not be viewed as a token price booster, it needs to be an integral part of the process.

Celebrating her first anniversary as Chief Product Officer at BingX, Vivien Lin has been a pivotal force in driving the company's product innovation and strategic vision. Her appointment came at a crucial time when BingX was expanding its user base and offerings, requiring strong leadership to navigate its growth.

The National Bank of Cambodia (NBC) now permits commercial banks and payment institutions to provide services involving backed cryptocurrencies.

The National Bank of Cambodia has given commercial banks and payment firms permission to provide crypto-related services, but not for Bitcoin and other unbacked tokens.

Bitcoin (BTC-USD) exploded this year, reaching new heights following the election of President Trump. Yahoo Finance Executive Editor Brian Sozzi spoke to several key players in the space on Opening Bid, bringing you their investing approaches and what to look out for in the future of cryptocurrencies.

Brazil's central bank is growing increasingly concerned about cryptocurrencies drawing people away from the real. The institution plans to ban self-custodial stablecoins in an effort to steer people back toward the national currency.