Crypto sentiment platform Santiment warned that when many people start calling a crypto market bottom, it’s wise to stay skeptical. Crypto market lows are unlikely to form at moments when many analysts and traders are calling for one, according to crypto sentiment platform Santiment. “Be cautious when you see a widespread consensus forming about a…
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Robinhood Markets’ crypto revenue jumped over 300% in Q3, helping to double its revenue from last year to surpass analyst expectations. Trading platform Robinhood Markets saw its third-quarter crypto revenue surge 300% from a year ago, helping to boost its quarterly earnings above Wall Street expectations. Robinhood announced on Wednesday that its Q3 transaction-based revenues increased 129%…
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Aster surged 30% after Binance co-founder revealed on X that he had bought around $2.5 million of the token using his personal funds. Coinbase…
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Skipping cryp to taxes can trigger hefty fines and legal issues. Find out what really happens if you fail to report or pay taxes on your holdings. Key takeaways Tax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events. Tax…
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Bitcoin may still be on track to $200,000 before the end of the year despite the recent market crash, but a lack of ETF buying continues to limit upside potential. Cryptocurrency valuations staged a modest recovery this week as investor appetite for digital assets returned after the recent market crash. In a silver lining to…
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The UK tax authority has ramped up its scrutiny of crypto investors, doubling the number of warning letters sent to those suspected of underreporting or evading taxes on digital asset gains. HM Revenue & Customs (HMRC) issued nearly 65,000 letters in the 2024–25 tax year, up from 27,700 the year before, the Financial Times reported on Friday,…
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The AFL-CIO says the Senate’s crypto framework bill “provides the facade of regulation” that would expose workers’ retirement funds to risky assets. The largest federation of trade unions in the US says it has “serious concerns” about the Senate’s draft bill to regulate crypto, claiming it lacks worker protections and poorly regulates the sector. The…
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IREN and Kindly MD are raising big money through convertible notes, but traders reacted negatively following each of the companies’ multimillion-dollar deals. Shares in Bitcoin miner IREN and treasury company Kindly MD have closed with losses on Tuesday after each announced multimillion-dollar convertible note deals amid a slowdown in venture capital activity in the crypto…
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The trader bagged nearly $2 million in profit by investing in the “4” memecoin shortly after Zhao’s social media post following a BNB Chain phishing incident. A lucky cryptocurrency trader turned a $3,000 investment into about $2 million within hours after Binance co-founder Changpeng “CZ” Zhao shared a post about a BNB Chain memecoin on…
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Creating a national Bitcoin reserve could prove disastrous for markets, as it would signal an immediate shift in the global financial order. Establishing a national Bitcoin strategic reserve may create negative market impacts for BTC and the US dollar, according to Haider Rafique, global managing partner for government and investor relations at crypto exchange OKX. Rafique…
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