Crypto executives and legal professionals are doubtful that the United States Internal Revenue Service’s (IRS) new ruling, which holds decentralized exchanges to the same reporting requirements as traditional brokers, will stick around for long. “No shortage of ways to challenge this, and it absolutely should be challenged,” decentralized crypto exchange Uniswap chief legal officer Katherine […]
Security News
US government will not buy Bitcoin in 2025 — Galaxy Research
Galaxy Digital’s research division predicts that the United States government will not buy any Bitcoin in 2025 but will safeguard its existing supply. “The US government will not purchase Bitcoin in 2025,” Galaxy Research head of research Alex Thorn said in a Dec. 27 report. Thorn said that instead, the US government will create a […]
IRS issues rules on digital asset reporting, says front-ends are brokers
The United States Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset transactions, expanding existing reporting requirements to include front-end platforms, such as decentralized exchanges. Set to take effect in 2027, the rules mandate that brokers disclose gross proceeds from sales of cryptocurrencies and other digital assets, including information regarding taxpayers involved […]
US government will not buy Bitcoin in 2025 — Galaxy Research
Galaxy Digital’s research division predicts that the United States government will not buy any Bitcoin in 2025 but will safeguard its existing supply. “The US government will not purchase Bitcoin in 2025,” Galaxy Research head of research Alex Thorn said in a Dec. 27 report. Thorn said that instead, the US government will create a […]
US-listed Bitcoin, Ether ETFs tally $38.3B net inflows in launch year
United States spot Bitcoin exchange-traded funds racked up a staggering $35.66 billion in net inflows in 2024 — far exceeding early industry estimates, while the spot Ether ETFs finished strong, seeing net inflows of $349.3 million in the last four trading days to reach $2.68 billion since launch. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led […]
Trump-linked Strive files for ‘Bitcoin Bond’ ETF
Strive, an asset manager founded by Vivek Ramaswamy, has asked United States regulators for permission to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin BTC$95,846 buyers, according to a Dec. 26 filing. The ETF seeks to offer exposure to “Bitcoin Bonds,” described as “convertible securities issued by MicroStrategy” or […]
Solana’s Jito staking pool exceeding $100M in monthly tips: Kairos Research
Solana staking pool Jito clocked monthly revenues from priority fees and tips of more than $100 million in November and December, according to a Dec. 26 note from Kairos Research, a cryptocurrency researcher. In 2024, Jito’s validators scaled tip revenues by an average of 32% each month, Kairos said. Monthly income peaked in November at approximately […]
Phishing fears as trade in crypto event attendees’ details revealed
Lists packed with sensitive information on crypto industry event attendees are being sold under the guise of “marketing and promoting and finding clients,” presenting a potential data gold mine for scammers and malicious actors. The lists may contain information including full names, phone numbers, nationalities, job roles and companies, along with personal and business social […]
Coffee goes onchain as Agridex settles first-ever transaction on Solana
Solana-based real-world asset (RWA) platform Agridex has facilitated its first onchain coffee trade, a move it said could open the door to more cost-effective agricultural commodity transactions. The transaction was executed by Tiki Tonga Coffee, a United Kingdom-based coffee brand, which exported premium coffee from its home country to South Africa. The payment was made […]
Six Bitcoin funds set to debut in Israel following regulatory approval
Six Bitcoin-tracking funds are set to launch in Israel next week following the recent approval from the Israel Securities Authority. According to local media reports, the funds will mirror Bitcoin’s price movements through various indexes and strategies and will be available for purchase at banks and investment firms starting Dec. 31. Some of the new […]