Author: cointechies

Crypto stakeholders are protesting as the US Treasury and the Internal Revenue Service (IRS) finalize new reporting rules for decentralized finance (DeFi) brokers. According to a new press release from the Treasury Department, while the new rules do not impose additional taxes on crypto assets, they do require DeFi brokers to report the gross proceeds from the sale of their digital assets, making them follow the same rules as traditional securities brokers. The rule also means that digital asset owners conducting DeFi transactions will also receive the same form from their broker. Aviva Aron-Dine, Deputy Minister for Tax Policy, says…

Bonk has reclaimed its position as the leading meme coin from Solana, reaching a market cap of $2.5 billion. The recent surge comes after a community-driven token burn and price surge. Bonk (BONK) price of $0.00000328 represents a 3.9% increase in the last 24 hours and a 4.9% increase on the week. 24-hour BONK price chart PENGU is now trading at $0.03568 with a market cap of $2.27 billion, moving into second place among Solana meme coins. The “Burnmas” initiative has helped drive BONK’s price action higher. Through these efforts, the BONK DAO burned 1.69 trillion BONK tokens from its…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. December crypto correction eliminates weak hands as XRP, Cardano and Rollblock show signs of possible reversal and long-term gains. With crypto prices accelerating after the US elections, a price correction was almost inevitable. When the crypto market took a nosedive in early December, some parts of the industry were not surprised. In fact, some industry observers were pleased. A price correction is necessary to weed out weak hands and get rid of those that are not in it for…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. As 2025 approaches, Rollblock with its GambleFi platform is poised to outperform Dogecoin and Shiba Inu in the expected crypto bull market. The year 2025 is just around the corner and the crypto market is experiencing its peak of euphoria. Picking the next big winner can be a daunting task, especially given the current information overload. According to ChatGPT, Rollblock (RBLK) stands out among the newcomers to the crypto landscape. AI suggests that by leveraging its novel GambleFi platform,…

The Catzila coin is gaining attention in the crypto scene with talk of a possible surge of over 5,000%. A spirited cousin of MEW and POPCAT, it seems poised for an extraordinary rise. Could this be the next digital currency breakout? Discover how Catzila could reach new heights. Catzilla Destroys Chaos: The Meme Coin for Warriors of Crypto In a world where financial freedom seems unattainable, a new opportunity arises:Catzilla! Born from the hustle and bustle of meme culture and on the way there explosive growththis is the meme coin investors have been waiting for! 14 steps. Limitless potential Catzilla,…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. NEAR and PEPE await festive rallies as Lunex Network’s presale surges past $5.5 million and targets $10 million as a potential moonshot token. It’s Christmas time; NEAR and PEPE prices are hoping for a bounce with the festive rally as a catalyst. Meanwhile, crypto presale token Lunex Network (LNEX) continued its majestic stride towards the $10 million mark, crossing $5.5 million today. Lunex is on crypto presale and is enjoying huge popularity and support, partly due to its amazing…

The chances of the US Securities and Exchange Commission accepting a spot Solana exchange-traded fund are increasing. According to Polymarket, the probability of SOL ETF approval has increased to 71%, up from this week’s low of 58% and last month’s low of 50%. The rising likelihood has been fueled by the impending presidency of President-elect Donald Trump and the subsequent appointment of Paul Atkins as SEC Chairman. Trump has also begun assembling his crypto council, naming Bo Hines as chief executive and David Sacks, a former PayPal executive, as “crypto czar.” Solana ETF approval chances increase | Source: Polymarket Preliminary…

A leading digital currency expert will present the top cryptocurrencies poised for growth in the next few years. With a deep understanding of market trends, this insider offers insight into the future of blockchain assets. Discover which coins could potentially increase in value by 2025 and why they’re worth keeping an eye on. Graphite Token (@G): Powering the blockchain designed for simplicity, speed and rewards Graphite Token (@G) operates the Graphite L1 blockchain, designed to make crypto easier, faster and more rewarding for everyone. Designed specifically to address the challenges of existing blockchains, Graphite offers a number of practical features…

Polymarket users predict that President-elect Donald Trump will not approve a strategic Bitcoin reserve within his first 100 days in office. A poll with more than $1.5 million in funding puts that probability at just 27%, compared to 60% after Trump’s election. This is a notable prediction as Polymarket has been very accurate in the past, including its estimate on the last presidential election. The chances of strategic Bitcoin reserves are decreasing | Source: Polymarket Kalshi users disagree Other participants in the prediction market believe that Trump will eventually accept Bitcoin (BTC) as a strategic reserve alongside crude oil and…

Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. Amid crypto litigation, a surprise contender raises $4 million in presales, signaling changes in the digital currency landscape. As the crypto market grapples with legal conflicts and enthusiasm for new investment funds, an unexpected contender has quietly raised $4 million in its presale, surprising many. This success comes amid intense regulatory battles and speculation rocking the industry. How does this development fit into the bigger picture and what could it mean for the future of digital currencies? DOGEN: The…