A Texas Bitcoin investor faces two years in prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent. An early Bitcoin investor from Austin, Texas, became the first person criminally charged for failing to report crypto capital gains in a case involving about $4 million worth of cryptocurrencies. According to…
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BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC. Crypto exchange Coinbase is being sued for over $1 billion by BiT Global Digital Limited, which is accusing the company of harming the market for Wrapped Bitcoin after a November decision to delist…
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Ethereum still has the crown for total developer activity, topping the charts across every continent around the world. New developers flocked to the Solana ecosystem this year, overthrowing Ethereum’s eight-year reign as the top ecosystem for new developers. However, Ethereum is still number one globally in total developer activity. According to a Dec. 12 report from Electric…
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Trump’s team is asking whether the president-elect could nix financial industry regulators or combine them together, according to a Wall Street Journal report. Donald Trump’s transition team is reportedly exploring whether the incoming president’s administration can slim down, lump together, or even cut banking regulators. President-elect Trump’s advisers from the partly Elon Musk-led Department of Government Efficiency have asked…
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Institutional investors have played a large role in Binance’s $24.2 billion net inflows so far in 2024. Cryptocurrency exchange Binance racked up over $24 billion in inflows from user deposits so far in 2024, according to data from DefiLlama. In a blog where Binance said its inflows were higher than 10 exchanges combined, Binance said the “growth…
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Dogecoin’s next possible stop is $0.50 and above. Especially if a historical price fractal fails to play out. After a 208% breakout in early November, Dogecoin has consolidated within a tight range between $0.35 and $0.48 for four weeks. DOGE’s recent price correction led to a breakout below an ascending trendline, indicating a potential bearish…
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Google has several experimental AI assistant projects that all have a different function in mind, such as helping users with video games and in depth research. Google AI research lab DeepMind says its newly released artificial intelligence model, Gemini 2.0, will be the bedrock used to build more advanced AI agents. An AI agent powered…
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SOL price is up today as significant developments within the layer-1 ecosystem led to a rise in Solana network use. Solana price is up today, buoyed by a significant recovery in the broader cryptocurrency market. SOL’s rebound follows Bitcoin’s recovery back above $100,000 as a number of technical and onchain indicators point to further gains for…
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Crypto commentators say there is “not much alpha in chasing alts” right now, but are eyeing the possibility of Bitcoin retesting $99,000. The majority of altcoins may continue to see a downtrend potentially until the end of January 2025, says Felix Hartmann, founder of venture capital firm Hartmann Capital. “Some alts may continue running briefly,…
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Ape into gaming ecosystem cryptos not ‘single-player games’ tokens — YGG exec Crypto traders looking to make smarter bets on gaming tokens should go for ones tied to entire ecosystems, not just individual games, says Yield Guild Games corporate development and finance manager Serge-Raymond Nzabandora. “These single-player games with token launches, I think, are more…
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