[ad_1] Two Tezos (XTZ) investors are taking the IRS to court once again over the agency’s treatment of their staked XTZ tokens. In a new complaint filed with a Tennessee Federal court, Josh and Jessica Jarrett contend that newly minted tokens from staking should only be treated as taxable if they are sold. “New property is not taxable income; instead, taxable income arises from the proceeds from the sale of that new property. In all other contexts, the IRS recognizes that new property is not taxable income. When a taxpayer creates new property—whether a farmer’s crop, an author’s manuscript, or…
Author: dfrancis36
[ad_1] Follow Frank on X. At this year’s Oslo Freedom Forum, gigabrain Lyn Alden made the case that bitcoin is now liquid enough to be used in a human rights context, a compelling argument and one with which I agree.Bitcoin, which now has a market cap of over $1.2 trillion, is less volatile than it was a decade ago and can now more readily be used to help empower those who’ve historically been financially disenfranchised. (The larger an asset’s market cap, the less volatile the price of the asset tends to become. When bitcoin had a much lower market cap…
[ad_1] The head macro strategist at Swissblock is predicting major moves for one Dogecoin (DOGE) rival ahead of a potential blow-off top for risk assets. Henrik Zeberg tells his 155,900 followers on the social media platform X that Solana (SOL)-based memecoin dogwifhat (WIF) may be on the verge of an explosive breakout beyond the $3.10 level. “WIF: wait for the pop!” Source: Henrik Zeberg/X Looking at his chart, the analyst suggests WIF is printing a series of higher lows and higher highs on the four-hour timeframe. In June, the analyst used Elliott Wave Theory to forecast an explosive run for…
[ad_1] Solana (SOL) has continued its recent bullish wave during the last 24 hours with a surge of 4%, but the trend in this social media-related metric could be to watch out for. Traders May Have Become Too Hyped Around Solana On Social Media Recently According to data from the analytics firm Santiment, the positive sentiment around SOL on social media has shot up to a nine-month high following the latest bullish momentum that the coin has seen. The indicator of relevance here is the “Positive Vs. Negative Sentiment,” which, as its name suggests, keeps track of the ratio between…
[ad_1] Follow Nikolaus On X Here Kamala Harris announced today she is “supporting a regulatory framework for cryptocurrency and other digital assets so Black men who invest in and own these assets are protected.”Nope, that’s not clickbait: Harris’s first specific crypto policy is here, and it’s race-based.As a Bitcoiner, I have to say, this is a huge misstep, and it shows Harris in no way understands Bitcoin, a network where everyone already has equal access regardless of race, color, creed.Harris and the Democrats have for years touted themselves as “anti-racist,” while labeling their opponents and anyone who challenges them as…
[ad_1] Este artículo también está disponible en español. Crypto analyst Amonyx has made an ultra-bullish price prediction for the XRP price. Based on his analysis, the crypto could soon enjoy a massive pump that will lead to a price gain of almost 80,000%. XRP Price To Enjoy “Giga Pump” To $400 Amonyx stated in an X post that an XRP giga pump is incoming. Based on his accompanying chart, the XRP price could enjoy a massive rally to reach as high as $400. Such a price rally will represent a price gain of almost 80,000% for the crypto. The analyst…
[ad_1] Investors are turning to digital assets in record numbers amid the uncertainty related to US elections. Currently, the market appears to be influenced more by political factors than the outlook on monetary policy with US$407 million inflow into digital asset investment products. This is according to CoinShares’ report highlighting digital asset fund flows. A surprising turn in the polls, favoring Republicans who are perceived as more supportive of digital assets, has reportedly boosted Bitcoin and blockchain-related investments.BitcoinBitcoin experienced inflows of US$419 million, marking a significant uptick as investors responded to the political shifts in the US. With the upcoming…
[ad_1] In a dramatic move that has shocked the crypto ETF community, a Ripple whale has invested a massive $300,000 into the ETFSwap (ETFS) presale, calling the XRP price “dead in the water.” As XRP struggles, the Ethereum-based token ETFSwap (ETFS) unfolds as a beacon of hope for investors seeking opportunities in a floundering market. ETFSwap (ETFS) Presale: A New Investment Beacon The ETFSwap (ETFS) presale has captured the attention of the crypto ETF world, especially as it enters its final stage. Investors are flocking to this viral Ethereum altcoin, attracted by its rock-bottom price of $0.03846, with hopes of…
[ad_1] New reports show a significant 1,645% surge in whale activity around Dogecoin (DOGE), signaling growing interest and momentum for the dog-themed meme coin. Amidst this bullish development, a crypto analyst has confirmed that the Dogecoin bull market is already underway, kicking off even earlier than the post-Bitcoin (BTC) halving the last bull run in 2021. Dogecoin Whale Activity Soars Dogecoin whales are now on the move, taking advantage of stable market conditions to accumulate as many tokens as possible. According to data from IntoTheBlock, whale activity saw a massive rise in volume in just one day, with the total…
[ad_1] Este artículo también está disponible en español. Dogecoin tests a critical liquidity area of around $0.112 after days of choppy price action. While the broader crypto market, led by Bitcoin, is experiencing a notable rise from yearly lows, driven by positive economic data and improving sentiment, Dogecoin has yet to catch up. Other altcoins and meme coins have surged, but DOGE remains in consolidation. Related Reading Analysts and investors are closely watching for a signal that could confirm a further uptrend for Dogecoin. The funding rate indicates rising demand, which could support a potential price increase. Top analyst and…