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…
Stephen Akridge, a co-founder of the prominent blockchain platform Solana, is embroiled in a legal battle with his ex-wife, Elisa Rossi, over allegations of misappropriating millions of dollars in Solana (SOL) token earnings. Rossi claims in a lawsuit filed in…
The United States government is not expected to purchase Bitcoin in 2025, according to Galaxy Digital’s head of research, Alex Thorn. In a report published on December 27, Thorn predicted that while discussions around a Bitcoin reserve policy may progress,…
A South Korean court has jailed a celebrity pro golfer and the former head of the crypto exchange Bithumb for bribery and attempting to manipulate altcoin price levels. Per Hankyoreh, the former Bithumb CEO Lee Sang-jun was sentenced to two…
The governments of Japan and Russia have ruled out creating national Bitcoin (BTC) reserves in the near future. Both said they would prefer to see how other countries – such as the USA – develop Bitcoin reserves before taking action.…
The crypto community has taken to social media to express its grievances after the U.S. Treasury and Internal Revenue Service (IRS) launched their updated DeFi tax reporting requirements on Friday. U.S. Treasury, IRS Announce DeFi Tax Requirements As part of…
Montenegro confirmed on December 27 that it will extradite South Korean cryptocurrency entrepreneur Do Kwon to the United States (US). The decision concludes months of legal disputes between the U.S. and South Korea, both of which sought Kwon’s extradition in…
Solana (SOL) demonstrated resilience during a bearish December, achieving over $100 billion in decentralized exchange (DEX) trading volume for the second consecutive month. With a $107.865 billion in monthly DEX volume (as of Dec. 27), Solana outpaced its competitors in…
Sheila Warren, CEO of the Crypto Council for Innovation, had her X account hacked on Thursday, December 26, to promote the $SPELL token, the advocacy group confirmed in a social media statement. Sheila Warren Hacked to Promote $SPELL Token The…