The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules. Source link
Month: December 2024
NIST proposes standardizing a wider variant of AES encryption
The National Institute of Standards and Technology (NIST) seeks public input on the proposed changes until June 25, 2025. Source link
Dogecoin price ‘conservative target’ starts at $2.35 based on DOGE bull market fractal
Fractal analysis suggests a DOGE rally above $0.35 will culminate with new all-time highs abovce $2.35. Source link
Debt: Bitcoin Is Not A Return To Stateless Money, It Is the First
I have just finished reading Debt: The First 5000 Years by anthropologist David Graeber. The book takes a look at the history of money, debt, and how they relate to societal structures from a lens that departs heavily from the conventional wisdom of economic thinking. Conventional wisdom paints a picture of people inefficiently bartering goods and services directly for each other, and money naturally arising as a result of the problems inherent in this. Graeber eviscerates this narrative looking at anthropological history. Primitive communities simply shared their resources freely with…
Buterin adopts Moo Deng, Christmas wishes of a lost $773M BTC wallet — Finance Redefined
Howells told Cointelegraph about his legal battle to recover a lost $773 million Bitcoin hard drive, which he plans to use to finance blockchain innovation. Source link
IRS issues rules on digital asset reporting, says front-ends are brokers
The final regulation treats DeFi front-ends as brokers, demanding the disclosure of gross proceeds from sales of digital assets. Source link
Tether grapples with new FUD as MiCA regulations take effect on Dec. 30
Key Takeaways MiCA’s Dec. 30 rollout raises uncertainty about Tether’s compliance and its impact on the crypto market. Coinbase has delisted USDT due to MiCA regulations while other exchanges await further guidance. Share this article Tether’s USDT stablecoin faces mounting regulatory uncertainty as the European Union’s Markets in Crypto-Assets Regulation (MiCA) takes effect on December 30. The new framework imposes strict compliance requirements for stablecoins, raising questions about USDT’s operational status across the EU. Amid this uncertainty, many on crypto Twitter have been spreading FUD (fear, uncertainty, and doubt) about…
Price analysis 12/27: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, LINK, TON
Bitcoin’s repeated failure to cross above $100,000 increases the risk of a drop under $90,000. Source link
OpenAI mulls restructuring
The ChatGPT maker is considering turning its for-profit arm into a Delaware Public Benefit Corporation amid ongoing criticism of its legal structure. Source link
Is quantum computing a threat to your crypto portfolio?
In a recent Cointelegraph video, we assessed the risk posed by quantum computing to cryptocurrency, potential solutions, and what investors should do to protect their portfolios. Source link