The U.S. Senate voted to repeal a controversial tax rule targeting decentralized finance (DeFi) platforms with a final vote of 70-28. The rule, introduced under the Biden administration, required DeFi platforms to report crypto transactions to the IRS. This mirrored the obligations of traditional financial institutions. This decision marks an
As the week inches to an end, the crypto market prices have once again retreated to consolidation. Similar to previous days, regulatory advancements are failing to translate into cryptocurrency prices, causing frustration. Meanwhile, new tokens have continued to crop up, drawing attention from the community. Notably, in January this year,
As another week dawns in the crypto sector, modest bullish signs have sparked. Bitcoin, after intense bull-bear combat over the weekend, has shown a mild price increase to $86.9 in the past few hours. Meanwhile, with FED rates staying unchanged, the bulls are scourging for positive momentum. However, a recent
DeFi platform Stader Labs, known for its liquid staking solutions, ventures into speculative trading with a platform designed to introduce clarity to a turbulent market. The memecoin sector has surged in popularity over the past year, drawing new and experienced traders to assets defined by rapid price swings, internet-fueled hype,
DeFi protocols live or die by the quality of their code, whether they are designed for trading, lending, swapping, staking, or something else. Just as banks employ complex security measures to protect their vaults, DeFi developers fine-tune smart contracts to ensure they run smoothly and can’t be exploited. Despite their
The DeFi sector over the past year has entertained an increasing amount of AI integrations into various projects. By combining blockchain technology with AI multiple projects have pushed boundaries in particular sectors paving the way for revolutionary results. Some of the sectors include real estate, AMM, and the latest crypto
The cryptocurrency market has not altered its course of price consolidation in the last 24 hours. Bitcoin is trading at the same borderline between $82,000 and $83,000, much to the anguish of investors. However, particular altcoins have attempted to break free from bearish holds in the last few days. Meanwhile,
The crypto market is showing no significant gains today. The price drop triggered by global trade tensions and macroeconomic conditions is still having an effect on the market. While Bitcoin couldn’t climb past $83K, altcoins are also recording dull market performance. Meanwhile, a few tokens are witnessing price gains, such
Members of the House of Representatives voted with a clear majority to reverse IRS regulations that define crypto entities together with DeFi platforms as brokers. The latest IRS rule required all crypto entities to gather tax information from their users before the Biden administration left office. The Congress gained a
The digital assets market has managed to remain in its recovery lane over the past 24 hours. Bitcoin is currently trading at $92,000 after much turmoil this week. While investors wait with bated breath to see its consistency, other aspects regarding the US crypto reserve have been advancing. Notably, just
