The past week in cryptocurrency has seen important developments, including the IRS delaying new crypto tax reporting rules until the end of 2024, giving centralized exchanges more time to comply. Meanwhile, Do Kwon, who has faced legal challenges over the collapse of TerraUSD, has pleaded not guilty to the charges and awaits extradition to the United States. After Montenegro rejected South Korea’s request Find out more
Bitcoin
Hong Kong lawmakers have proposed combining them. Bitcoin (BTC) enters the region’s national reserves to increase financial stability. and position Hong Kong as a global crypto hub.
BlackRock’s iShares Bitcoin Trust (IBIT) sets record high ETF Launch Success in history It surpassed $50 billion in assets in 11 months, dominating both the spot and options markets and sending Bitcoin prices to all-time highs.
Altcoins
New altcoins Yeti Uro (YETIO) is attracting attention due to its innovative combination of crypto gaming.
As Bitcoin price reversed its 50-day simple moving average, experts believe so. Wave 3 The crypto bull market, known as “altseason,” has begun.
With a proven track record in Web3 development sync block has made the pre-sale process easier It gives you the expertise and tools you need to launch with confidence.
for Choice.i The 2024 ecosystem is full of big moves and lots of excitement. It brings together the B2C crypto banking app Choice.com (formerly Crypterium) and the B2B crypto banking platform Vault.
Web3Bay Prioritizes user privacy and security using IPFS (InterPlanetary File System) for decentralized data storage.
Ripple (XRP) and Chainlink (LINK) investors turn their attention to rising stars: DTX Exchange (DTX).
business
FTX Debtor Group has announced that Bankruptcy plan Officially effective on January 3, it marks the beginning of an important step in repaying creditors of the bankrupt exchange.
Regulations
Do Kwon, co-founder of Terraform Labs, pleaded. It’s not wrong. For all the accusations leveled against him for his role in the collapse of $40 billion stablecoin TerraUSD.
The Revenue Department has postponed the process. New crypto tax Reporting of the rules until December 31, 2025 gives centralized exchanges time to adapt to the new regulations. and may avoid increased tax burdens for investors in digital assets.
Celsius Network has filed a complaint. appeal Opposed to court decision dismissing $444 million claim in FTX’s ongoing bankruptcy proceedings. It sought to overturn a December decision by Judge John Dorsey that had disallowed Celsius’ claims due to procedural flaws and insufficient evidence.
Montenegro has rejected South Korea. Extradition request As for Do Kwon, it was confirmed that Terra Luna’s founder would be extradited to the United States.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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