IRS Postpones Enforcing Crypto Tax Rules, Exempts Over $10k Transactions from Tax Obligations
The US Internal Revenue Service (IRS), in an announcement on Tuesday, January 16, confirmed the suspension of the enforcement of tax rules obligating businesses to...
New Report Reveals USDC Wallets Surged by 59% in 2023
Circle native stablecoin namely USDC increased recently witnessed a considerable drop in circulating supply. However, at the same time, the trading volume and demand have...
NEAR Foundation Downsizes 40% Workforce, Eyes Efficient Functioning
The NEAR Foundation announces a 40% workforce reduction, triggering diverse speculations across Web3. The announcement sent shockwaves, given the NEAR Foundation's prominence in empowering protocol...
Celsius Sends $125 Million Worth of ETH to Crypto Exchanges
Blockchain firm Celsius has started to transfer massive ETH reserves to centralized trading platforms. The main reason for this transfer is a way for the...
Hong Kong’s Digital Asset Agency Drops XRP from Global Crypto Index
The Virtual Asset Consortium of Hong Kong (HKVAC) is a blockchain infrastructure services provider. The platform recently delisted XRP out of the top 5 crypto...
Bitcoin ETFs to Attract $1.4 Billion in Two Days
SEC approved 11 Bitcoin spot ETF applications in a historical decision on 10th January 2024. Grayscale, one of the biggest Bitcoin Trusts, reported $579 million...
Vanguard Fails to Support Bitcoin ETFs, Users Threaten to Close Accounts
Additionally, spot Bitcoin exchange-traded funds were unavailable for trading on various brokerage platforms, including UBS, Citi, Edward Jones, and Merrill Lynch. The decision by Vanguard,...
Tron Founder Projects China Likely to Join Crypto ETF Race
Tron founder Justin Sun hailed the landmark decision by the US Securities and Exchange Commission (SEC) to approve 11 applications for spot Bitcoin exchange-traded funds...
Bitcoin is Reshaping Institutional Investment Strategies
The latest report suggests that Bitcoin is going to reshape the mode of institutional investment strategies. The report was penned in association with Crypto Research...
Ripple Labs to Repurchase $285 Million Stake from Early Investors
Ripple Labs is participating in a tender offer to repurchase a stake of the firm from early investors. The firm is planning to repurchase a...