Turkey Enacts Tougher AML Rules for Cryptocurrency
Turkey has unveiled a set of enhanced regulations governing cryptocurrency activities, reflecting a global trend toward tighter oversight of digital assets. Announced in late December 2024, these measures draw inspiration from regulatory frameworks in major economies, particularly Europe. The updated rules mandate that individuals conducting cryptocurrency transactions exceeding 15,000 Turkish lira (approximately $425) must provide […]
Bitcoin Santa Rally Gains Momentum as Buyers Push BTC to $98K
TradingView data revealed that BTC/USD climbed to fresh local highs of $99,400 on Bitstamp. Gaining over 3% within a single day, Bitcoin saw renewed interest from buyers after a rocky start to the week, which included a retest of December’s price lows. One of the more optimistic takes came from popular X account Exitpump, which […]
Russia Imposes 6-Year Crypto Mining Ban Across 10 Regions
The Russian government has approved a list of areas where cryptocurrency mining will be prohibited starting in 2025, with a ban set to last until 2031. This decision, reported by the news agency TASS on December 24, will affect 10 regions, restricting mining activities for a period of six years. These regions include Dagestan, Ingushetia, […]
MicroStrategy Calls Special Shareholder Meeting to Advance 21/21 Bitcoin Plan
MicroStrategy, a prominent corporate investor in Bitcoin, has scheduled a Special Shareholder Meeting to discuss key proposals aimed at advancing its 21/21 Bitcoin Plan and enhancing its capital-raising initiatives. In a letter from the company’s Executive Chairman, MicroStrategy outlined three important agenda items to be voted on during the upcoming virtual meeting. Key Proposals from […]
MicroStrategy Acquires 5.2K Bitcoin at an Average Price of $106K
MicroStrategy, the prominent corporate Bitcoin investor, has continued its strategy of aggressively expanding its cryptocurrency holdings, as per its founder’s commitment to acquiring Bitcoin even at premium prices. Between December 16 and 22, the firm purchased 5,262 BTC, investing approximately $561 million, according to an official announcement made on December 23. This acquisition reflects the […]
Bitcoin extends losses as traders see sub-$90K BTC price support test
Bitcoin slid beneath the $94,000 mark on Dec. 23 as the reopening of traditional financial markets provided little support for bulls. BTC Price Watch: Could $85K Be the Next Big Opportunity? Data from TradingView showed BTC/USD slipping 1.2% in daily trading as of this writing. Following a weekend rally to $99,500 that was quickly reversed […]
IRS Intensifies Focus on Crypto Staking Taxes
The U.S. Internal Revenue Service (IRS) has reinforced its position on taxing cryptocurrency staking rewards, rejecting a legal argument that such rewards should only be taxed when sold or exchanged. A Dec. 23 report from Bloomberg reveals that the IRS dismissed claims from Joshua and Jessica Jarrett in their second lawsuit against the agency. The […]
Is the UAE Really Holding $40 Billion in Bitcoin? Fact or Fiction?
The crypto community has been buzzing recently with claims that the United Arab Emirates (UAE) now holds a staggering $40 billion worth of Bitcoin. This rumor, however, has raised skepticism, with prominent crypto analyst Bitcoin Archive questioning the validity of such a claim due to the lack of concrete evidence. So, is this story fact […]
What Does Bitcoin’s Future Look Like in 2025 as Donald Trump Returns to the White House?
2024 marked a transformative year for Bitcoin. The approval of the first Bitcoin spot ETFs in the United States, the cryptocurrency’s record-breaking all-time high, and the occurrence of the fourth Bitcoin halving in April all contributed to its rise. Currently, Bitcoin’s price has surpassed $84,000, reflecting a 142% increase since the start of the year […]
DekaBank Receives Green Light from BaFin and ECB for Crypto Custody
DekaBank has officially secured a crypto custody license under Germany’s Banking Act (KWG), positioning it alongside Commerzbank as one of the few traditional German banks entering the crypto sphere. However, in classic German fashion, this move is accompanied by a robust regulatory framework to ensure everything operates with precision. While BaFin has issued crypto custody […]