An analyst predicts that Ether may outperform Bitcoin in January 2025, IRS introduces new DeFi rules, and more: Hodlers Digest Source link
Day: December 28, 2024
DeFi has 3 options if IRS rule isn't rolled back — Alex Thorn
The United States Treasury Department and the Internal Revenue Service (IRS) received more than 44,000 comments after proposing the rule. Source link
Trump's Bitcoin policies depend on US economic standing — Ki Young Ju
Although the US dollar has lost over 90% of its value since 1913, it continues to dominate all other fiat currencies as a store of value. Source link
ProShares seeks SEC approval for Bitcoin-denominated ETFs tracking S&P 500, Nasdaq-100, and gold
Key Takeaways ProShares has filed for ETFs that track the S&P 500, Nasdaq-100, and gold priced in Bitcoin. These ETFs will use Bitcoin futures to achieve Bitcoin-denominated returns rather than directly investing in Bitcoin. Share this article ProShares, a prominent asset manager overseeing more than $75 billion in assets, is seeking SEC approval to offer three new ETFs that would track the performance of the S&P 500, the Nasdaq-100, and gold relative to Bitcoin. The proposed funds — ProShares S&P 500 Bitcoin ETF, ProShares Nasdaq-100 Bitcoin ETF, and ProShares Gold…
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC. Source link
David Sacks has 2 years to push through meaningful policies — lawyer
Republicans currently have a narrow majority in the United States House of Representatives, where the party holds 219 seats. Source link
Scam ads targeting Usual Protocol emerge on Google
Key Takeaways Scammers are using fraudulent Google ads to impersonate Usual Protocol and steal crypto assets. Users are advised to manually verify website addresses to ensure authenticity and avoid scams. Share this article Scam Sniffer analysts have identified fraudulent Google ads impersonating Usual Protocol that redirect users to fake websites designed to steal crypto assets. 🚨 ALERT: Beware of scam ads on Google impersonating Usual Protocol. These scam ads could steal your assets if you click them & connect wallet & sign transactions. pic.twitter.com/E8OE2oaheh — Scam Sniffer | Web3 Anti-Scam…
What are crypto debit cards: How they work and where to use them
Crypto debit cards allow users to spend their cryptocurrency holdings; they work by converting crypto into fiat currency at the point of sale. Source link
Blockchain Association sues IRS over crypto broker rules
The lawsuit alleges that the IRS’ latest rulemaking exceeds the agencies’ statutory authority and violates the Administrative Procedure Act. Source link
3 major developments that spurred crypto adoption in 2024
The crypto industry witnessed historic milestones in 2024, from MiCA regulations in Europe to Bitcoin adoption in Latin America and the US eyeing a strategic Bitcoin reserve. Source link