Author: Yeek.io

Homepage > News > Finance > US progress bill to repeal controversial digital asset tax rule Lawmakers from the House of Representatives voted on February 26 to overturn a controversial tax rule requiring “custodial brokers” to collect and report user data to the Internal Revenue Service (IRS), the federal agency that enforces tax law in the United States. During last week’s markup session, the House Ways and Means Committee voted 26 to 16 to advance a resolution from Rep. Mike Carey (R-OH) repealing the IRS reporting rule, which was finalized late last year. A rule Carey argued would “overwhelm” the…

Ether (ETH) jumped 7% in 24 hours to around $2,350 on March 3, briefly topping $2,550 before profit-taking. Despite the rebound, it remains up 13% from its $2,075 low last week.ETH/USD four-hour price chart. Source: TradingViewMultiple catalysts are helping Ether rebound from its recent lows, namely:Trump’s latest update on US’s Crypto Strategic Reserve.Increasing ETH supply among whales. Improving technicals, including a strong support confluence.Trump to include ETH in Crypto Strategic ReserveEther’s latest price surge is largely attributed to Trump’s announcement of a US Crypto Strategic Reserve.What to know:Trump directed the President’s Working Group on Digital Assets to include XRP (XRP),…

If you checked on the crypto market on Friday, you’ll have witnessed a bloodbath. Bitcoin plummeted, falling to below $80K at some points. But by this morning, everything had changed. US President Donald Trump’s announcement of a strategic crypto reserve to include $BTC, $ETH, and various altcoins – including $XRP, up over 4% over the past week, and $SOL, up 11% on the day – sent the market roaring back to life. Bitcoin Price Performance One Week Now, $BTC is trading over $91K, the total market cap is back up over $3T, and experts like Raoul Pal (former Goldman Sachs…

As cryptocurrency losses from security breaches surge past $1.5 billion, cybersecurity experts are urging exchanges to improve bug bounty programs to attract top ethical hackers and strengthen platform security.On March 3, blockchain security firm CertiK said that crypto lost from hacks in February had reached $1.53 billion, with the Bybit hack accounting for the majority of losses at more than $1.4 billion. Excluding the incident, CertiK reported that other exploits had resulted in $126 million in losses, including a $49 million Infini hack.Ethical hacker Marwan Hachem told Cointelegraph that the surge in crypto hack losses highlighted a growing need for…

Cryptocurrency markets surged following US President Donald Trump’s announcement of a potential strategic crypto reserve, but analysts cautioned that the rally may be short-lived.On March 2, Trump said his Working Group on Digital Assets had been directed to include three altcoins — XRP (XRP), Solana (SOL) and Cardano’s ADA (ADA) — in the US crypto reserve, Cointelegraph reported. The reserve will “obviously” also include Bitcoin (BTC) and Ether (ETH), Trump added in another post on Truth Social.The announcement triggered a marketwide rebound, with the global crypto market cap rising nearly 7% to $3.04 trillion, while Bitcoin breached the $95,000 psychological…

On-chain crypto sleuth ZachXBT just alerted the crypto community to the fact that XRP addresses activated by Chris Larsen still hold $7.18 billion worth of XRP. ZachXBT just posted in his personal Telegram investigations group, alerting his followers to the fact that Ripple (XRP) addresses activated by Ripple co-founder Chris Larsen still hold over 2.7 billion XRP, worth approximately $7.18 billion. According to ZachXBT, several of these addresses have been dormant for 6-7 years. ZachXBT’s reminder comes on the heels of the recent announcement by President Donald Trump that XRP, along with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The gaming industry has always been a frontier for technological innovation, often being the first to adopt new ways to advance user experience. Web3 gaming—games powered by blockchain technology designed to increase player engagement and participation by giving them full ownership of their in-game assets, an active say in how game worlds evolve, and confidence that the game they are playing is censorship-resistant and can never be taken down stands at the forefront of another evolution. In…

XCN’s Fibonacci retracement levels indicated clear price reactions at key zones. The price recently cleared the 0.618 retracement level ($0.01651), a critical bullish confirmation. XCN’s Long/Short ratio chart revealed fluctuating sentiment among traders. Onyxcoin [XCN] has recently demonstrated a strong bullish breakout, whereby its price has surged above key moving averages, hinting at a potential long-term uptrend. With an imminent Golden Cross formation and strong Fibonacci retracement levels supporting further upside, traders are closely watching for confirmation of sustained bullish momentum. Source: TradingView The XCN/USDT 1-hour chart indicated a strong breakout above the 200-day SMA at $0.01638, confirming bullish momentum.…

Este artículo también está disponible en español. The rumors were true. Donald Trump is indeed serious about making the US a global hub for crypto. He just announced the creation of a National Crypto Reserve that will include XRP, SOL, and ADA, as well as BTC and ETH. As a result, XRP surged over 30%, overtaking USDT to become the third-largest cryptocurrency in the world, with a market capitalization of over $153B. In addition to the price boost, the number of active addresses is also up. This means XRP is seeing an influx of new investors, signifying increased interest and…

The surge comes amid growing investor interest. The Short-Term Holder Net Unrealized Profit/Loss (STH NUPL) indicator indicates short-term holders are in profit. This change lowers the possibility of panic selling, which would stabilize the market.If profits keep going up, then more investors may not sell their SOL tokens, which could drive market confidence and attract new buyers, potentially leading Solana into a longer-term trend.The other indicator of bullishness is the Chaikin Money Flow (CMF) that tracks money movement. Recent reads indicate high buying pressure, a sign that investors are placing wagers on Solana’s long-term value.SOL’s price rally actually started even…