Gekocrypto Crypto News

Celestia (TIA) Price Rising by 50% Triggers Historical Shorting IRS Eases Crypto Tax Form Requirements with Latest 1099-DA Draft U.S. Senator Backs Out of Controversial Cryptocurrency Legislation SEBI proposes revised settlement rules for inactive trading accounts New Cryptocurrency $0.00107 Leverages Ethereum (ETH)’s Power: Can It Become a Top Crypto? Crypto VC: Ethereum is the ‘simplest, safest 3X’ opportunity now Net Gains and Blockchain Brains: FIFA and Mythical Games Kick Off ‘FIFA Rivals’ with NFT Twist This Week in Crypto – Shakeouts, OneCoin, and Mixers Microsoft shareholders reject proposal to add Bitcoin to balance sheet Solana-Based NFT Platform Defies Sideways Crypto Market, Surges by About 30% This Week Amid Increased Activity

GG

Celestia (TIA) Price Rising by 50% Triggers Historical Shorting

Celestia’s (TIA) price rise in the last few days made it one of the best-performing assets this week and in the last 24 hours. But instead of imbuing confidence and optimism, the rally inspired investors to take a different, more bearish path to churn profits. Celestia Investors Want a Crash Celestia’s price had a good run this week as the altcoin recovered most of its recent losses. But as this happened, TIA holders got the idea to take a more destructive idea of shorting the altcoin heavily. Signs of the same are visible in the Open Interest and Funding Rate....

10.07.2024

IRS Eases Crypto Tax Form Requirements with Latest 1099-DA Draft

You are here: Home / News / IRS Eases Crypto Tax Form Requirements with Latest 1099-DA Draft The United States Internal Revenue Service (IRS) has made significant updates to its crypto taxation form, 1099-DA, which is designed specifically for crypto brokerage accounts. This move is an important step in the overall strategy to organize and explain the procedure of reporting transactions relevant to a digital asset. On August 9, Ji Kim, Head of Global Policy, Digital Assets, and General Counsel at the Crypto Council for Innovation, shared the news via X. Kim emphasized that the latest draft of the 1099-DA...

10.08.2024

U.S. Senator Backs Out of Controversial Cryptocurrency Legislation

TLDR Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA). The DAAMLA bill aims to bring the crypto industry under existing anti-money laundering frameworks. The bill has faced criticism from crypto advocates and former government officials. Senator Elizabeth Warren, who co-sponsored the bill, is running for reelection in 2024. The bill classifies various crypto service providers as financial institutions subject to Bank Secrecy Act compliance. In a surprising turn of events, Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a bill he co-sponsored with Democratic Senator...

26.07.2024

All News

Celestia (TIA) Price Rising by 50% Triggers Historical Shorting

IRS Eases Crypto Tax Form Requirements with Latest 1099-DA Draft

U.S. Senator Backs Out of Controversial Cryptocurrency Legislation

SEBI proposes revised settlement rules for inactive trading accounts

Home Market News SEBI proposes revised settlement rules for inactive trading accounts In a consultation paper, SEBI proposed that instead of daily monitoring, funds of clients inactive for 30 calendar days should be settled during the monthly running account settlement cycle. By Sheersh Kapoor December 5, 2024, 5:32:50 PM IST (Published) The Securities and Exchange Board of India (SEBI) has proposed a revised settlement framework for inactive trading accounts, aimed at enhancing operational efficiency while safeguarding investors’ interests. Currently, stock brokers must return funds to clients who have not traded in the last 30 days within three working days. This...

New Cryptocurrency $0.00107 Leverages Ethereum (ETH)’s Power: Can It Become a Top Crypto?

New and innovative coins are constantly emerging. One such cryptocurrency, Mpeppe (MPEPE), is making waves with its unique approach and strategic use of Ethereum (ETH). This article explores the potential of Mpeppe (MPEPE) to become a top cryptocurrency and how it leverages Ethereum (ETH)’s power to achieve its goals. The Viral Potential of Memecoins Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid dissemination of the cryptocurrency’s brand and message across various online platforms, potentially attracting a larger and more diverse audience. Mpeppe (MPEPE) is no exception....

Crypto VC: Ethereum is the ‘simplest, safest 3X’ opportunity now

Journalist Posted: November 24, 2024 Share this article ETH could rally to $10K, per crypto VC partner at Moonrock Capital. There was solid traction for ETH, including renewed staking interest, which could boost prices. A crypto VC projected that Ethereum’s [ETH] price could eye a $10K cycle high, despite lagging major cap altcoins and Bitcoin [BTC]. According to Simon Dedic, founder and partner of crypto VC Moonrock Capital, ETH could be the ‘ safest 3x ’ opportunity now. “At this current state of the market, $ETH is likely the simplest and safest 3x opportunity still available.” Based on the current...

Net Gains and Blockchain Brains: FIFA and Mythical Games Kick Off ‘FIFA Rivals’ with NFT Twist

The popularity of sports management simulator games is coming to the blockchain in a collaboration with FIFA and Mythical Games. The new title will mix management-style games where you create a team through trading cards, alongside real-time soccer matches against other players. The development team plans to introduce an esports component to build the gaming community. NFTs are “optional” to play the free game on iOS and Android, however, the mechanics of how FIFA Rivals will work is yet to be fully revealed. Managing your own sports team is every sports fan’s dream. We all know someone who thinks they...

This Week in Crypto – Shakeouts, OneCoin, and Mixers

By Mark Hunter 2 days agoSun Aug 11 2024 08:56:08 Reading Time: 2 minutes This week in the crypto world, we saw a $300 billion shakeout, freezing orders for OneCoin execs, and the Fed herald the Tornado Cash sanctions. Yeah, well they would. $300 Billion Lost in Crypto Shakeout A brutal shakeout of the crypto market at the start of this week saw $300 billion wiped off the total cap and $1 billion lost in liquidations. Bitcoin dropped under $50,000 before bouncing back up to $63,000 by the weekend, all prompted by fears of a US recession and largely incomprehensible...

Microsoft shareholders reject proposal to add Bitcoin to balance sheet

Shareholders voted against a plan to diversify 1% of Microsoft’s assets into Bitcoin, despite advocacy from Michael Saylor. Photo: All Tech Magazine Key Takeaways Microsoft shareholders rejected a proposal to add Bitcoin to its balance sheet. The proposal was declined due to concerns about Bitcoin's volatility. Microsoft shareholders voted against a proposal to explore adding Bitcoin to the company’s balance sheet during its annual meeting. The proposal, introduced by the National Center for Public Policy Research, suggested diversifying 1% of Microsoft’s $78 billion in cash and marketable securities into Bitcoin as a hedge against inflation. The company’s board had recommended...

Solana-Based NFT Platform Defies Sideways Crypto Market, Surges by About 30% This Week Amid Increased Activity

The native token for a Solana (SOL)-based non-fungible token (NFT) platform surged by nearly 30% this week, defying the wider crypto market doldrums. Metaplex (MPLX), which aims to facilitate the creation, sale and management of NFTs, clocked price gains this week after it drew attention to its swelling on-chain activity. The project notes on the social media platform X that 834,000 unique wallets directly signed transactions with its protocol in May, its highest month of all time. Source: Metaplex/X Metaplex also notes that last month, 3.1 million new wallets collected a digital asset created through the project. Advertisement Source: Metaplex/X...