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Just In: Saudi Prince’s Investment Firm Rules Out Cryptocurrency Investments For Now: Guest Post by CoinPedia News

In a recent development, the investment firm led by Saudi Arabian Prince is not likely to invest in cryptocurrency in the near future. As per recent report from Reuters, Kingdom Holding, the investment firm led by Saudi Arabian Prince Alwaleed Bin Talal, has announced...

Ethereum Foundation may start staking its ETH reserves to fund operations: Guest Post by Optimisus

The Ethereum Foundation is considering staking its ETH reserves to cover operational costs. Co-founder Vitalik Buterin shared insights

5 Best Cryptos to Buy Now for Huge Returns Before January 2025 Ends: Guest Post by Inside Bitcoins

The cryptocurrency market appears to be gearing up for a bullish phase, with indicators suggesting a potential surge in activity. The global market capitalization is [...]

Neiro’s Epic Rise Left Regrets Behind—Now, Arctic Pablo Is Your Shot at Redemption as the Best Crypto Presale to Buy: Guest Post by BlockchainReporter

Early Neiro investors reaped massive rewards by seizing low entry points. Arctic Pablo Coin (APC) offers a similar chance, with presale momentum skyrocketing.

Oxbridge Re stock jumps after board approves bitcoin, ethereum for reserve assets (OXBR:NASDAQ)

Oxbridge Re Holdings (OXBR) stock climbed 7.1% in Wednesday morning trading, more than a day after the company's board approved a decision to include bitcoin (BTC-USD) and ethereum (ETH-USD) as treasury reserve assets.

Arctic Pablo Shatters Presale Records, Book of Meme Gains Momentum, and SPX6900 Reinvents Meme Coin Utility: Guest Post by Thecryptoupdates

Explore the top meme coins with 1000X potential. Dive into Arctic Pablo’s adventurous journey, Book of Meme’s community appeal, and SPX6900’s dynamic growth.

Wall Street Pepe’s Fast-Selling ICO Ends in 25 Days – Best Meme Coin to Buy Now?: Guest Post by Inside Bitcoins

Wall Street Pepe continues to dominate the crypto space, earning the title of the fastest-selling ICO in history, even surpassing previous records. At just five [...]

2025 could be huge for XRP, but these 2 coins may have more upside: Guest Post by crypto.news

While Ripple promises a solid future, Rexas Finance and Algorand are emerging as high-potential alternatives, offering even greater upside for investors. #partnercontent

The Taxman Is Watching: Staying Ahead of the New Rules

Tax. The word may make you cringe, but it’s also one you probably don’t want to ignore.
Bitcoin (BTC) hit $100,000 for the first time in December 2024, and while you’ve probably had your fair share of “I told you so” moments with the crypto skeptics over the holidays, now is the time to make sure you’re clued in on the tax side of things if you’re planning to cash in on profits.

It’s not just about keeping track of your own jurisdiction; you should stay aware of global rules as well, as your jurisdiction may adopt them in the future.
Long-term Bitcoin holders are profiting — and the taxman is watching
With the average long-term Bitcoin holder having paid around $24,543 for their Bitcoin, it’s clear that many hodlers are now sitting on profits nearly four times that amount.
For those who’ve hodled through the ups and downs, it’s been a rewarding payoff.
But let’s not kid ourselves — tax authorities worldwide are getting a lot better at tracking these gains. The days of thinking crypto profits fly under the radar are long gone.
Whether you like it or not, the taxman is catching up, and he’s getting more savvy by the day.

For instance, the United States Internal Revenue Service (IRS) recently introduced a new rule stating that investors must use wallet-based cost tracking for crypto assets from 2025 onward.
Crypto investors had to quickly adjust to IRS changes
Previously, crypto users could group all their assets together to calculate their cost-basis for taxes under the Universal tracking method. But now, the IRS requires each wallet or account to be treated as its own separate ledger.
This isn’t exactly great news for crypto investors, as it limits them on what counts as their cost-basis for sold assets — everything has to be tied to the same crypto wallet.
As a crypto tax software platform, Koinly has had to move quickly to keep up with the changes, just like the investors that use our platform.
One of the updates we’ve made is allowing users to adjust their cost-basis settings from a certain date, without affecting previous tax calculations.
Other countries may potentially follow the IRS’s lead in the future
I wouldn’t be surprised if this wallet-tracking rule starts spreading to other parts of the world in the coming years.
Australia, the United Kingdom, Ireland, and many other countries all apply a fairly similar tax treatment to cryptocurrencies as the United States. While they haven’t introduced anything like this yet, it shouldn’t be ruled out.

It was clear from the start that tougher crypto tax laws were on the way, and the IRS made no secret of it. Earlier in 2024, it ramped up their efforts by bringing in private-sector experts from the crypto world to help bolster their approach to taxing crypto.
It’s not unusual for countries to adopt tax rules that have already been implemented elsewhere, and this has happened with crypto in a few cases already.
Take the approach of taxing short-term crypto gains while leaving long-term gains tax-free — something countries like Germany and Malta have already adopted.
Portugal, for example, had no crypto taxes until 2023. Then, it added a 28% tax on short-term gains, while long-term holders still get a break.
As crypto continues to grow and gain traction worldwide, staying on top of tax laws around the world is becoming more and more important.
Over the next couple of years, I expect we’ll see a lot of changes in how governments handle crypto taxes.

Donald Trump to ‘Imminently’ Sign Executive Orders Allowing Banks To Trade Crypto, Says Jeremy Allaire: Report

Circle chief executive Jeremy Allaire thinks President Donald Trump will enable banks to trade crypto assets.
CoinDesk Indices Rolls Out New Index That Diversifies Exposure Beyond the Top 20 Digital Assets

CoinDesk Indices Rolls Out New Index That Diversifies Exposure Beyond the Top 20 Digital Assets

CoinDesk Indices, a subsidiary of CoinDesk, has introduced the CoinDesk 80 Index to address the increasing institutional demand for liquidity across diverse digital assets.

The new offering is designed to track the performance of the next 80 digital assets beyond the CoinDesk20 Index, according to a press release. The Bullish exchange, which has surpassed $1 trillion in cumulative trading volume since its inception in November 2021, has listed a perpetual futures contract tied to the new index under the ticker CD80/USDC-PERP. Bullish is the parent company of CoinDesk.
The index currently counts crypto market makers GSR and STS Digital among its clients. “We’re excited about the broader opportunity this brings to expand liquidity, empower informed trading strategies, and further the maturation of the crypto ecosystem,” Jon Loflin, Chief Investment Officer, GSR, told CoinDesk.
With rising demand from institutional investors for digital assets derivative markets, the new index will provide traders with broader market exposures in the altcoin sector. “The CoinDesk 80 Index Perpetual Future will enable us to efficiently manage market exposure arising from our wide-ranging altcoin option offering to our clients. It is another innovative product from Bullish, enhancing their strong product suite and bringing index derivatives forward,” Maxime Seiler, CEO of STS Digital Ltd, said.

Key features of the CoinDesk 80 Index include a focus on liquid and large-market assets, with minimal exclusions for stablecoins and wrapped tokens alongside comprehensive liquidity screening. The index constituents are weighted by market cap, with a 5% cap per asset to ensure diversification.
“The demand for index products is growing as digital assets become an established part of global financial markets,” said Tom Farley, CEO of Bullish. “We are excited to launch the CoinDesk 80 Index Perpetual Futures Contract on our platform, leveraging our tight spreads, deep liquidity, and robust regulatory framework to support market participants.”
A year ago, CoinDesk Indices debuted the CoinDesk20 Index, a benchmark for larger-cap digital assets. Since then, it has seen over $12 billion in total trading volume and is linked to a dozen investment products globally.

CoinDesk 20 Performance Update: ADA Drops 3.2%, Leading Index Lower From Monday

CoinDesk 20 Performance Update: ADA Drops 3.2%, Leading Index Lower From Monday

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3890.01, down 0.4% (-15.92) since 4 p.m. ET on Monday.

Ten of 20 assets are trading higher.
Leaders: DOT (+1.9%) and POL (+1.5%).

Laggards: ADA (-3.2%) and HBAR (-2.4%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Bitstamp to Roll Out Regulated Derivatives Trading in Europe: Sources

Bitstamp to Roll Out Regulated Derivatives Trading in Europe: Sources

Bitstamp, the longest running cryptocurrency exchange, plans to roll out regulated crypto derivatives trading in Europe, according to two people with knowledge of the matter.
With its long-standing focus on compliance, Bitstamp is one of a select group of crypto trading platforms to hold a Markets in Financial Instruments (MiFID) license, a pan-European regulatory framework for trading securities and derivatives, which was amended in 2022 to encompass crypto assets.

“With its MiFID license in Europe, Bitstamp plans to launch a fully regulated perpetual swap offering,” one of the people said.
The arrival of regulatory clarity in Europe, when it comes to crypto and tokens, has prompted the planned introduction of crypto derivatives trading from firms holding MiFID II licenses, such as Point72 Ventures-backed D2X, and Backpack Exchange, which is in the process of acquiring the remains of FTX EU and its licenses.
The vast majority of crypto derivatives volume is offshore and the aim of these new entrants is to shift market dominance away from the likes of Panama-based centralized exchange Deribit.
In June of last year, it was announced that fintech giant Robinhood would be acquiring Bitstamp, whose future looks bright, not only in Europe but also in the U.S. where it holds multiple state licenses, including a coveted New York State BitLicense.

Bitstamp declined to comment because the plans are not yet public.

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