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news-imageDecember 23, 2024

Nokia Files Patent for Digital Asset Encryption

A recent patent application revealed the company's development of a device, method, and program for encrypting digital assets. The patent was filed with China's National Intellectual Property Administration (CNIPA) and disclosed on December 23rd.
Publisher: Altcoin Buzz
Sentiment: Positive
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Positive
cover-imagePYMNTS
December 23, 2024

Wirex Adds 2 Stablecoins to Platform to Streamline Digital Currency Spending

Wirex added two new stablecoins to its digital payments platform. The integration of the VNX Euro (VEUR) and VNX Swiss Franc (VCHF) coins allows users to spend these currencies directly through their Wirex cards, the United Kingdom-based company said in a Monday (Dec. 23) press release.

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Positive
cover-imageCrypto Briefing
December 23, 2024

MoonPay to acquire Helio Pay for $150 million in its largest deal yet

MoonPay plans a $150M acquisition of Helio Pay, enhancing merchant services with solutions like Solana Pay and expanding its infrastructure. The post MoonPay to acquire Helio Pay for $150 million in its largest deal yet appeared first on Crypto Briefing.

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Positive
cover-imageBeInCrypto
December 23, 2024

Analog Launches Mainnet to Advance Multi-Chain Blockchain Applications

Analog has officially launched its mainnet, marking a major upgrade in blockchain interoperability. The Proof-of-Authority (PoA) network serves as a foundation for future upgrades, including Nominated Proof of Stake (NPoS) consensus, cross-chain messaging, and advanced data queries.

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Negative
cover-imageCoingape
December 23, 2024

IRS Declares Crypto Staking Rewards Taxable Amid Lawsuit

The Internal Revenue Service (IRS) has clarified its stance on the taxation of cryptocurrency staking rewards, stating that such rewards are taxable upon receipt. The announcement comes amid an ongoing lawsuit filed by crypto investor Joshua Jarrett.

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Positive
cover-imagePYMNTS
December 23, 2024

Stablecoin Payments Were Crypto's Biggest 2024 Story

For once in its recent history, the cryptocurrency sector is likely ending the year on a high. Bitcoin, despite dropping below the $100,000 mark as of reporting, is up over 110% for the year having hit a successive series of all-time highs.

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Neutral
cover-imageCoingape
December 23, 2024

Will President Joe Biden Pardon FTX Founder Sam Bankman-Fried?

There is a growing speculation that U.S President Joe Biden may grant an early pardon to Sam Bankman-Fried (SBF), the founder of the defunct FTX Derivatives Exchange. For his fraudulent activities as the former CEO of FTX, Sam is currently serving a 25-year jail term.

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Negative
cover-imageBeInCrypto
December 23, 2024

IRS Says Tokens Earned from Crypto Staking are Taxable

The IRS claims that tokens received from crypto staking are taxable, rebuffing a Tennessee lawsuit from investor Joshua Jarrett. Earlier this year, Jarrett won a favorable settlement from a 2022 lawsuit, but the IRS seems willing to fight a new battle.

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Negative
cover-imageCoinPedia
December 23, 2024

IRS Rules Crypto Staking Rewards Taxable In Ongoing Lawsuit

As per the latest Bloomberg report, the Internal Revenue Service (IRS) has officially said that crypto staking is taxable, stating that tax liabilities arise as soon as staking rewards are received.

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Positive
cover-imagePYMNTS
December 23, 2024

Crypto.com Debuts Sports Event Trading Product

Crypto.com has introduced what it calls the first-ever sports event trading product. The new offering, dubbed “Sports” and announced Monday (Dec. 23) in an email to PYMNTS, lets American users of Crypto.com and the Crypto.

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Positive
cover-imageCrypto Briefing
December 23, 2024

USUAL token jumps 15% as Binance Labs invests in the project

Binance Labs' investment in Usual could accelerate DeFi innovation, potentially reshaping the stablecoin market with enhanced community focus. The post USUAL token jumps 15% as Binance Labs invests in the project appeared first on Crypto Briefing.

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Neutral
cover-imageCryptonews
December 23, 2024

Trump Could Deliver Crypto Executive Order On Day 1: Reuters

President-elect Donald Trump could issue an executive order pertaining to the crypto sector on his first day in office following his presidential inauguration on January 20, Reuters reported Monday.

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Positive
cover-imageBeInCrypto
December 23, 2024

Sonic Plans Airdrop for TikTok Users Ahead of Token Launch

Sonic SVM, the team behind SonicX and its popular tap-to-earn game, has announced plans to airdrop SONIC tokens to TikTok users. The announcement follows Sonic's milestone of onboarding over two million TikTok users on the game.

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Positive
cover-imageCryptoGlobe
December 23, 2024

The Future of Crypto in 2025: Highlights From Coinbase Institutional's Market Outlook

The recently-released 2025 Crypto Market Outlook report by Coinbase Institutional provides a comprehensive analysis of the cryptocurrency industry's trajectory. Cryptocurrencies are evolving beyond their speculative origins, with the total market capitalization surging 96% in 2024 to reach $3.4 trillion by December.

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Negative
cover-imageCryptoGlobe
December 23, 2024

Crypto Market Is Down 14% Since the Fed Cut Rates: The Role of Rising U.S. Treasury Yields

The cryptocurrency market has experienced significant losses in the aftermath of the Federal Reserve's December 18, 2024, policy announcement. Total cryptocurrency market capitalization has plunged from $3.66 trillion on December 17, just 24 hours before the Fed's announcement, to $3.16 trillion as of December 23. This $500 billion, or 13.

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Negative
cover-imageBeInCrypto
December 23, 2024

Heroes and Villains: Key Figures Who Shaped the Crypto Industry in 2024

The crypto industry in 2024 was defined by a stark divide between heroes and villains. Regulatory hurdles led by Gary Gensler and anti-crypto politicians cast a shadow over it while hackers exploited vulnerabilities, inflicting massive losses.

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