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The landscape of cryptocurrency transactions is on the verge of a dramatic transformation as new IRS regulations come into effect in 2025. These guidelines will impose reporting obligations on centralized exchanges (CEX), fundamentally altering how digital asset investors manage their tax obligations. The implications of these changes are profound, and understanding them is essential for
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The cryptocurrency landscape in the United States is undergoing a significant transformation as several states gear up to integrate Bitcoin into their fiscal strategies. With projections for January 2025 indicating that seven states are charting plans to establish strategic Bitcoin reserves, the narrative around digital currency is shifting from skepticism to acceptance. This movement is
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Bitcoin’s performance over the recent weekend was a testament to its resilient nature in a fluctuating market. Floating around the $105,000 mark, it showcased an impressive recovery from previous dips. Despite the turbulent landscape marked by price volatility, Bitcoin’s ability to maintain its status is commendable. Its market cap, which now stands at approximately $2.075
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As the cryptocurrency market continues to evolve, notable analysts have shared their insights into Bitcoin’s (BTC) current price movements. Tony Severino, a prominent crypto analyst, has drawn attention to Bitcoin crossing above the $105,400 threshold, prompting speculation regarding its potential trajectory. In his analysis, Severino notes that the behavior of Bitcoin’s price following significant breakouts
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The NFT marketplace experienced considerable shifts throughout 2024, reflecting a complex interplay between overall market trends and specific industry challenges. After witnessing substantial gains in the broader cryptocurrency space, the NFT sector, unfortunately, failed to capitalize on this momentum. As noted in DappRadar’s recent report, the NFT landscape has not only struggled to boost its
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