The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines. In a recent filing related to an ongoing lawsuit, the service argues that the rewards generated through staking do not constitute new property and should […] Source: https://news.bitcoin.com/irs-doubles-down-on-immediate-staking-rewards-tax-stance/
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: https://cointelegraph.com/news/internal-revenue-service-defi-rule-challenge-uniswap?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Corporations are fueling the bitcoin boom, with top 60 public companies amassing 591,368 BTC—Microstrategy dominating the list with an unrivaled 444,262 bitcoins. Top 60 Bitcoin-Holding Corporations—The Hidden Titans Fueling the BTC Boom Microstrategy’s executive chairman, Michael Saylor, shared a detailed list on social media platform X on Friday, revealing the top 60 publicly traded companies […] Source: https://news.bitcoin.com/michael-saylor-shares-top-60-bitcoin-holding-companies-whos-quietly-stockpiling-btc/
Galaxy Research is of the belief there will be “some movement” within US government departments in 2025 to explore an “expanded Bitcoin reserve policy.” Source: https://cointelegraph.com/news/galaxy-digital-research-united-states-government-bitcoin-buy-2025-prediction?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The Christmas holiday season has already been eventful for the crypto markets, as Bitcoin and Ethereum have both pulled back from their recent peaks. Despite those bearish moves from the key market leaders, some altcoins have shown considerable strength, while others are surging skywards and giving their holders reason to celebrate. Among those are 3 […] Source: https://news.bitcoin.com/bitget-uniswap-ftx-soar-to-lead-top-crypto-gainers-and-best-wallet-token-could-pump-next/
Eric Semler, chairman of Semler Scientific, has predicted that more companies will adopt the bitcoin standard, as not owning bitcoin will be considered “irresponsible.” Semler attributes the slow implementation of bitcoin as a reserve asset in public companies to the conservative approach of some institutions. Semler Scientific’s Eric Semler Predicts Bitcoin Adoption Will Keep Growing […] Source: https://news.bitcoin.com/eric-semler-not-owning-bitcoin-will-be-irresponsible-for-public-companies/
This week’s Crypto Biz explores Bitcoin’s landmark year, Crypto.com’s new custody service, Russia’s partial ban on crypto mining and taxes on staking rewards in the US. Source: https://cointelegraph.com/news/crypto-biz-the-year-of-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
According to Polymarket’s latest betting activity, participants are showing a modest 30% confidence in bitcoin (BTC) reaching the $100,000 mark by the end of the year. However, in a twist, another wager on the platform indicates a 21% belief that bitcoin could leap to $150,000 by March 31, 2025. Bitcoin’s Future Price Under the Microscope […] Source: https://news.bitcoin.com/150k-bitcoin-by-2025-polymarket-bettors-split-between-long-term-optimism-and-near-term-hesitation/
Declining network activity and interest in memecoins put a dent in Solana price, but derivatives data suggest limited downside. Source: https://cointelegraph.com/news/will-solana-price-hold-180-after-30-drop-in-weekly-dapp-volumes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
As the Securities and Exchange Commission’s five voting members sat before lawmakers on Capitol Hill in September, House Financial Services Committee Chair Patrick McHenry (R-NC) pressed the agency’s head about a supposed lack of regulatory clarity regarding crypto. “The laws are clear, and it’s written by the Supreme Court,” SEC Chair Gary Gensler began to say before McHenry cut him…
