The US tax regulator, the Internal Revenue Service (IRS), has reaffirmed its position on cryptocurrency staking, stating that rewards earned from staking activities are subject to taxation as soon as they are received. This clarification comes as the IRS continues to navigate …
Crypto analyst Trader Tardigrade has recently brought attention to an intriguing development in the price movement of Dogecoin, the popular meme cryptocurrency. According to Tardigrade’s technical analysis, Dogecoin is currently in a manipulation phase and is following a pattern known as the …
In the world of cryptocurrency, Ethereum whales continue to make waves as one particular whale recently dumped another $17 million worth of ETH to the popular crypto exchange, Binance. This whale, believed to be associated with Nexo based on onchain data, has …
In a major crackdown on cybercrime, the Telangana Police’s Cyber Security Bureau (TCSB) has arrested 21 individuals in the state of Telangana, India, for their involvement in a scam where they extorted money from victims and then converted it into cryptocurrencies. The …
In the fast-paced world of cryptocurrency, memecoins have emerged as a phenomenon that continues to captivate the attention of investors and traders alike. Despite being mocked and labeled as absurd, these ultra-volatile tokens have the potential to turn individuals into millionaires overnight, …
The digital asset sector has been experiencing a significant correction over the past two weeks, impacting nearly every cryptocurrency in the market. One of the most affected coins is VeChain, which has seen a slide to $0.045. Despite this downturn, experts still …
Former football star Robert “Bo” Hines has been appointed as the executive director of the Presidential Council of Advisers for Digital Assets in the United States, marking a significant step forward for cryptocurrency policy. President-elect Donald Trump made the announcement on his …
Nokia, a renowned technology company, has recently made a significant advancement in the field of digital asset security by filing a patent for a new encryption technology. The patent, titled “Device method and computer program,” was submitted to the National Intellectual Property …
The Internal Revenue Service (IRS) has officially declared that crypto staking is taxable, following an ongoing lawsuit over the matter. According to a new report from Bloomberg, the US government has stated that staking a cryptocurrency should be accompanied by a tax …
Ripple (XRP) has been making headlines with its recent surge, climbing over 20% in the past week. This rally comes after the cryptocurrency secured some clarity in its legal battle with the SEC, sparking renewed interest from investors. While XRP has been …