Crypto Bytes: Top 10 Breaking News from Cryptoverse

  1. As of Jan 1, crypto tax reporting rule signed into law in 2021 is now operative. Names, addresses, and social security numbers of crypto clients exceeding $10,000 must be reported to IRS within 15 days.
  1. In 2023, number of Bitcoin ATMs globally has fallen. The number of Bitcoin ATMs that are installed worldwide has decreased by 11%, from 37,827 on January 1, 2023, to 33,622 on the same date in 2024, according to data from Coin ATM Radar.
  1. In December 2022, the monthly trading volume of cryptocurrencies reached $1.1 trillion. Monthly trade volume on cryptocurrency exchanges had not topped $1 trillion since September 2022. Spot Bitcoin ETF mania maybe behind December’s increase in trading.
  1. Two additional integrations have been disclosed by OKX  Wallet with Ethereum and Avalanche Amulet DeFi and KelpDAO protocols. Users will be able to take advantage of more earning opportunities and additional services thanks to the integrations. 
  1. Mickey Mouse now an NFT! A 1928 animated short film called “Steamboat Willie” had one of the earliest representations of Mickey Mouse, which is currently a part of an Ethereum NFT collection that Truth cofounder Alexander Taub introduced.
  1. In reaction to new guidelines released by the UK Financial Conduct Authority (FCA), OKX is enacting requirements for its users who are located in the United Kingdom. Beginning next week, all UK clients—new and old—will have to fill out an investor questionnaire.
  1. During a Tuesday morning broadcast on CNBC, former crypto-skeptic and “Mad Money” host Jim Cramer continued to extol the virtues of Bitcoin.
  1. Following a recent attack, INX, a platform for trading security tokens and digital assets says that customer funds are secure. The firm said that it had been aware of a cyberattack on computer systems of a third-party vendor that was serving one of the company’s subsidiaries.
  1. Due to a spike in demand, the price of Sei has increased dramatically in 2024, reaching an all-time high of $0.80. SEI price has increased by an astounding 700% from its 2023 low.
  1. Grayscale withheld information on the approved participants allowed to issue and redeem shares from its most recent modified spot Bitcoin ETF application that was submitted to the SEC.

Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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