The IRS’ latest ruling requiring DEXs to adhere to the same reporting standards as traditional brokers has drawn sharp criticism from crypto executives and legal experts.
The post Uniswap CLO Says IRS Ruling on DEXs Should Be Challenged appeared first on Cryptonews. …
Category: Cryptocurrencies
Federal Bitcoin Reserve May Push Bitcoin Price to 1 Million
Could a U.S. Federal Bitcoin Reserve push Bitcoin to $1 million? Learn how this transformative event could reshape the crypto market and global economy.
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Pig Butchering Crypto Scams Cost Victims $3.6B in 2024: Report
Pig butchering scams have emerged as a major threat in 2024, costing victims $3.6 billion, with scammers targeting Ethereum users through long-term manipulation and fraudulent investment schemes, according to a report by Cyvers.
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Cambodia’s Central Bank Greenlights Stablecoins and Backed Coins, Excludes Bitcoin
Cambodia has permitted commercial banks and payment institutions to offer services involving Category 1 crypto assets, such as backed or stable cryptocurrencies.
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Solana Price Dips 3% With $3.5 Billion Volume – Is $300 Still Within Reach?
Solana dips 3%, trading at $190.75 with a $3.5 billion volume. Explore its market highlights, DEX dominance, and Bitget Wallet’s latest features.
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Fake Zoom Link Targets Crypto Users, Leads to Multi-Million Dollar Theft: SlowMist Warns
A recent report by SlowMist reveals that a sophisticated phishing attack using fake Zoom links has led to multi-million dollar thefts from crypto users, with hackers distributing malware that compromises sensitive information and drains assets.
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Montenegro Approves Do Kwon’s Extradition to the US for Prosecution
Montenegro has approved the extradition of South Korean crypto entrepreneur Do Kwon to the U.S., concluding lengthy legal disputes over his role in the $60 billion collapse of the Terra-Luna blockchain.
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Crypto Community Reacts To New IRS DeFi Reporting Rules
The crypto community is pushing back against new DeFi tax guidelines brought forward by the IRS on Friday.
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XRP to Overtake BTC and ETH Crypto Analyst Points to $1.5 Trillion Market Cap
One crypto analyst on X shared on Wednesday an investment thesis that sees the market cap of XRP surging to as much as $1.56 trillion if the token’s dominance continues to scale up in the following months. Egrar Crypto, a technical analyst whose X account is followed by nearly 70,000 fans people, emphasized that Ripple […]
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Japan, Russia Rule Out National Bitcoin Reserve ‘For Now’
The governments of Japan and Russia have ruled out creating national Bitcoin (BTC) reserves in the near future.
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