Author: admin
Businesses and professional traders who receive $10,000 worth of virtual currency must report the transaction to the Internal Revenue Service. Those who fail to comply may be charged with a felony. The reporting requirement, which went into effect on January 1, was originally part of Section 6050I of the Infrastructure Investment and Jobs Act, passed by Congress in November 2021. Despite the potential legal risks, there is little guidance or clarification from the IRS as to who is actually subject to reporting requirements. This has raised concerns about whether the law applies to traders (both amateurs and professionals) who use…
Team discussion of the projectgetty Traditionally, grant programs are associated with science, the arts, and education. However, recognizing the need for technology adoption, the crypto industry is seeing an increase in subsidy programs despite the recent crypto winter. Funding projects and incentivizing builders within the ecosystem is not an entirely new idea. However, in the last three months alone, several prominent crypto companies have announced large-scale funding programs that are open to the public. When choosing the right program, it is essential to evaluate several criteria. Programs are often tied to specific protocols or infrastructure layers. And will we end…
Privacy-focused cryptocurrency Monero is gaining attention [XMR]Major cryptocurrency exchanges, including Binance, have chosen to delist after months of deliberations. The decision is in line with a broader trend of regulatory scrutiny and concern over the potential misuse of privacy coins, which are specifically designed to increase anonymity by hiding transaction details such as parties involved and amounts. Recently, OKX, another important player in the crypto exchange space, declared its intention to delist 20 spot trading pairs over the next year. Notably, this delisting will include the three largest privacy-focused cryptocurrencies: Monero, XMR, and Zcash. [ZEC],dash [DASH]OKX has already stopped depositing…
Privacy-focused cryptocurrency Monero is gaining attention [XMR]Major crypto exchanges including Binance opted to delist the cryptocurrency after months of deliberation. The decision falls in line with a broader trend of regulatory scrutiny and concern over the potential misuse of privacy coins, which are specifically designed to increase anonymity by hiding transaction details such as parties and amounts. Recently, OKX, another major player in the cryptocurrency exchange, announced its intention to delist 20 spot trading pairs over the next year. Notably, the delisting includes three privacy-focused cryptocurrencies: Monero, XMR, and Zcash. [ZEC],dash [DASH]OKX has already stopped accepting deposits of these assets,…
The market appears to be under bullish influence since the beginning of the year due to the large rally. This could signal the bulls can take over the market and trigger a healthy rally for the rest of the year. However, some technical indicators suggest that the market may soon witness a turmoil that could shake up the entire market significantly. Decreasing USDT dominance The dominance of USDT signals the dominance of stablecoin Tether in the crypto market. The rise and fall of dominance has a major impact on the cryptocurrency space, and this suggests whether market participants are accumulating…
LONDON (ICIS) – Eurozone manufacturing continued to contract in December 2023, with Purchasing Managers' Index (PMI) reflecting sharp declines in production and employment, but a decline in demand and purchasing. This reflects that the situation is easing. Some manufacturing sub-indices suggest the worst of the industry's downturn is over, with fewer new orders and easing purchasing activity, according to Hamburg Commercial Bank (HCOB) and index creator S&P Global. That's what it means. Business confidence hit its highest level in eight months. The HCOB Eurozone Manufacturing PMI was 44.4, up slightly from November's 44.2 and the highest level in seven months.…
Monero (XMR) and Hedera (HBAR) significantly underperformed in 2023 compared to other altcoins. It's no wonder, then, that a Hedera and Monero holder is looking for better-performing investment opportunities to diversify his portfolio in 2024. One of those investment opportunities that has emerged so far is He Pushd (PUSHD). Pushd is building the first decentralized e-commerce platform. The pre-sale of its (PUSHD) token is making waves and is poised to outperform Monero and Hedera price predictions in 2024. Monero (XMR) investors left behind in 2023 Monero (XMR) holders have had a mostly uneventful 2023, with XMR up just 1.7% year-to-date.…
Crypto whales are loading — are you there? New research shows that the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don't want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what's going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1. The world of cryptocurrencies is buzzing with anticipation as analysts and experts announce bold predictions for cryptocurrencies. Bitcoin (Crypto: BTC) 2024.what happened: Following an impressive 152% surge…
Cryptocurrency traders are entering the new year on a positive note, with Bitcoin expected to end 2023 up about 150% and Ether up more than 80%. Here are some of the major headlines and storylines that moved the market this year, and some to watch as we head into 2024. Bitcoin NFTs are here Ordinal protocol developer Casey Rodarmor launched Bitcoin Ordinals in January 2023 to introduce non-fungible tokens to the Bitcoin blockchain. CryptoSlam data shows that Ordinal's sales peaked in May 2023 with $452 million in transactions, before dropping to around $3 million by August. As demand waxed and…
XMR has fallen by almost 10% in the past 24 hours. The coin's funding interest rate turned negative for the first time in two months. Monero [XMR] The stock price fell about 10% in the past 24 hours following OKX's decision to delist 20 trading pairs, including a prominent privacy coin. In a Dec. 29 announcement, the major exchange said it had decided to delist the trading pair because the crypto asset “does not meet our listing criteria.” Other assets affected by this move include Kusama. [KSM]flow [FLOW]just [JST]kyber network crystal [KNC]Aragon [ANT]fusion [FSN]ZK Space [ZKS]capo [CAPO]power pool [CVP],dash [DASH]Zcache…