The classification of crypto could change in Japan after the nation’s top financial regulator announced plans to start viewing tokens like Bitcoin (BTC) as “financial assets.” Per the Japanese news outlet CoinPost and an official Financial Services Agency (FSA) document,…
The Blockchain Association, in collaboration with the Texas Blockchain Council, has launched a lawsuit against the U.S. Internal Revenue Service (IRS) over its latest cryptocurrency regulations. The legal challenge, announced on Dec. 28, pushes back against the IRS’ new rules…
Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded a remarkable $35.66 billion in net inflows in 2024, significantly exceeding early industry projections. Meanwhile, spot Ether ETFs ended the year on a high note, amassing $349.3 million in inflows…
El Salvador has solidified its position as a global Bitcoin leader by becoming the sixth nation to hold over 6,000 BTC. On Dec. 29, the country added one more Bitcoin to its portfolio, bringing its total holdings to 6,000.77 BTC,…
The idea of Bitcoin reaching $1 million may seem like an ambitious projection, but experts suggest that it hinges on a transformative event: the creation of a U.S. Federal Bitcoin Strategic Reserve. Jeff Park, Head of Alpha Strategies at Bitwise…
The U.S. Internal Revenue Service’s (IRS) latest ruling requiring decentralized exchanges (DEXs) to adhere to the same reporting standards as traditional brokers has drawn sharp criticism from crypto executives and legal experts. “No shortage of ways to challenge this, and…