CumRocket Token Surges 400% Following Elon Musk Tweet
According to CoinGecko, CumRocket’s price spiked from $0.004 to $0.02 before stabilizing at approximately $0.008, marking a 95% gain over the past 24 hours.
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IRS Delays Crypto Tax Rules, Easing Investor Concerns Amid Legal Pushback
The decision, announced on Wednesday, provides centralized exchanges and brokers more time to adapt to the regulations while offering temporary relief to digital asset investors concerned about potential tax increases.
Tether’s USDT Faces Market Cap Decline Amid EU Regulations
This decline coincides with the delisting of USDT by several European Union-based exchanges and Coinbase. The decision was driven by compliance requirements under the EU’s Markets in Crypto-Assets (MiCA) regulations, which took full effect on December 30.
Crypto Scam and Hack Losses Hit Yearly Low in December 2024
According to blockchain security firm CertiK, December saw $28.6 million in losses from exploits, hacks, and scams—less than half of November’s $63.8 million and significantly below October’s $115.8 million.
U.S. IRS Finalizes Rules for Reporting Digital Asset Transactions
The regulations require brokers to disclose gross proceeds from cryptocurrency and other digital asset transactions, along with details about the taxpayers involved.