Author: cointechies

The US Internal Revenue Service (IRS) is targeting decentralized finance (DeFi) with a groundbreaking tax rule that could reshape the landscape of decentralized platforms. Starting in 2027, DeFi brokers will be required to collect detailed user transaction data, including names, addresses and trading activity, and issue tax forms similar to those used in traditional financial markets. This move comes from the Infrastructure Investment and Jobs Act of 2021 and aims to curb cryptocurrency tax evasion by creating parity between digital assets and traditional tax reporting standards. The rule faces strong opposition from crypto industry leaders and legal experts, who point…

A prominent market expert is urging investors to stop doubting XRP, citing several reasons why he believes an explosive rise in XRP is imminent. These comments came from Armando Pantoja, an IBM Blockchain Award winner and member of Benzinga’s Crypto Advisory Board, amid the ongoing consolidation prevalent in the broader crypto market. XRPwhich gained 284% in November, is now facing exhaustion of the uptrend. Although most experts believe that XRP could soon resume its upswing, this volatile period has created uncertainty among investors and led to profit-taking. CryptoQuant data shows that the XRP exchange reserve on Binance has increased from…

Singapore, December 27 – StakeStone is pleased to announce that the StakeStone Berachain Vault has achieved significant milestones, now having over 30,000 holders and unlocking a total value of more than $100 million. This milestone represents a significant achievement for the project as it continues to transform DeFi participation with its innovative high-yield assets and liquidity infrastructure. This milestone follows StakeStone’s recent successful completion of a $22 million investment round led by Polychain Capital, with strategic investments from Binance Labs and OKX Ventures. The funding is intended to accelerate StakeStone’s growth and expansion of its product offering in key markets.…

Sentient AI, founded by GameFi.org and in collaboration with Ape Terminal, Polkastarter and ChainGPT, has closed its first funding period, securing a total raising of $1.5 million. Panama, Republic of Panama, December 27, 2024, Chainwire Sentient AI (SETAI) introduces an AI agent capable of human-like thoughts and emotions. As a chatbot and personal assistant, he generates creative solutions through exceptional critical thinking and empathetic responses. With the ability to perceive the world and respond creatively, Sentient AI is redefining interaction in the digital age. This milestone, achieved with the support of Ape Terminal, GameFi.org, Polkastarter, ChainGPT, SuiPad and other notable…

Cardano founder Charles Hoskinson reveals his positive experiences working with the Ripple team and provides insights into possible partnerships. Hoskinson recently shared his recent discussions with the Ripple team in a recent AMA session. The Angry Crypto Show, an X account that covers Cardano-related news, shared some snippets of Hoskinson’s comments yesterday. It is recalled that last month the Cardano founder met with top Ripple executives, including the company’s CEO Brad Garlinghouse and CTO David Schwartz. Hoskinson plans the possible launch of RLUSD on Cardano Hoskinson gave an update on his recent involvement with Ripple, emphasizing that working with the…

To celebrate launch day, OPX Live is hosting a live keynote event on OPXLIVE.com Los Angeles, United States, December 27, 2024, Chainwire Scheduled to launch this Saturday, December 28th, OPX Live will provide a unified platform that integrates token creation, trading, and streaming to support the evolving Creator Economy 2.0. On December 28th at 3:00 pm PST, the founding team will present the platform’s vision, key features, and future. OPX Live is designed to increase opportunities for creators, empower communities, and optimize the digital economy. It reflects years of experience, technical progress and joint efforts. English versionChinese version Made by…

In a recent video, crypto expert Levi Rietveld provided a detailed price prediction for XRP and analyzed where the popular cryptocurrency could go by 2025. Using historical data and current trends, Rietveld stated his price target for XRP. He explained why investors should consider buying now to lock in significant gains in the near future. The XRP trend has improved Rietveld noted that XRP exceeded his initial predictions and exceeded market expectations. This was in reference to XRP’s performance in November, when its price rose about fivefold to almost $3. Now Rietveld is confident about the development of XRP in…

Buying coffee with crypto: A simple act that turns the banking system on its head.getty Imagine buying your morning coffee or shopping online with cryptocurrency – no banks are involved and your money is securely deposited on the blockchain that has replaced your bank deposit. This is not a distant dream; it’s happening now. Crypto wallets allow you to store and control your money directly, providing more choice and reducing reliance on traditional banks. By realizing Bitcoin’s vision of bank-free payments, these tools offer more freedom and allow you to keep your money secure on the blockchain. While Visa and…

The team behind the Shiba Inu ecosystem releases the final 2024 issue of Shib Magazine, reflecting on the transformative journey the cryptocurrency has experienced this year. According to the team, 2024 was a year of monumental growth as Shiba Inu grew from its meme origins into a global crypto powerhouse. This significant achievement was driven by strategic partnerships, innovation, community-driven initiatives and a rapidly growing ecosystem. Shiba Inu’s review of 2024 In particular, the magazine provided a summary of Shiba Inu’s key milestones in 2024. SHEboshi’s NFT phenomenon Shiba Inu started 2024 in style as its SHEboshi NFT collection sold…

The window of opportunity to purchase XRP at lower prices is closing quickly, and in 2025 this opportunity could be narrowed even further if XRP manages another 133% or 365% increase. Interestingly, XRP has risen above the $0.5 average price it has traded at for years. Amid this impressive rise above the $0.5 level, XRP essentially closed high the window closed Get it under the $1 mark. The altcoin achieved this with a 284% increase in November, from $0.5089 to $1.95. It has now risen by a further 10.68% in December despite the ongoing consolidation and is now trading above…