Tesla reports $600M Bitcoin gain in Q4 using new accounting rule
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024. Source link
MELANIA and TRUMP rule the crypto market, XYZVerse aims to dethrone them
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While MELANIA and TRUMP coins currently rule the crypto market, XYZVerse aims to dethrone them with higher growth potential. MELANIA and TRUMP recently burst into the crypto scene, holding sway over the market. However, […]
Circle CEO pushes Trump to scrap SEC rule hindering banks from holding crypto
Circle’s Jeremy Allaire has criticized an SEC rule that he says creates financial disincentives for banks to adopt or hold crypto. Circle CEO Jeremy Allaire believes a U.S. Securities and Exchange Commission rule is making it harder for financial institutions and companies to hold crypto, calling for it to be removed. The rule, known as […]
Ted Cruz to challenge IRS crypto rule: report
Senator Ted Cruz of Texas is preparing to challenge a newly finalized IRS cryptocurrency regulation using the Congressional Review Act The rule requires decentralized cryptocurrency exchanges to collect customer information, including names and addresses, and issue tax forms to users. This has sparked backlash from the crypto industry, according to an Axios report. Cruz’s move, […]
U.S. agency proposes rule requiring refunds after crypto hacks
The Consumer Financial Protection Bureau has proposed a rule that would require U.S. cryptocurrency companies to refund customers who lose funds due to hacks or unauthorized transactions. he proposal aims to extend the consumer protections already in place for traditional bank accounts to digital wallets used for cryptocurrencies, according to Financial Times reporting. The CFPB’s […]
Why this meme coin could rule 2025
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Meme coins are set to shine in 2025, with Catzilla emerging as a standout, blending humor, utility, and strong market momentum. The start of a new year is the perfect time to make predictions […]
Blockchain groups challenge new broker reporting rule
Three prominent blockchain advocacy organizations filed a lawsuit challenging the Internal Revenue Service’s new broker reporting requirements. The organizations argue that the rules could severely impact the U.S. digital asset sector, particularly decentralized finance (DeFi). The Blockchain Association, DeFi Education Fund, and Texas Blockchain Council jointly filed the legal challenge in the U.S. District Court […]
IRS DeFi broker rule ‘absolutely should be challenged,’ says Uniswap CLO
Uniswap chief legal officer said the IRS DeFi broker rule “absolutely should be challenged,” while a Consensys lawyer argued that the ruling was released on “the last Friday of 2024 in the middle of a holiday stretch on purpose.” Source link
