South Korea Opens Door to Institutional Crypto Trading in Landmark Policy Shift
South Korea's FSC plans to allow institutional investors into cryptocurrency markets through a phased approach, starting with non-profit organizations. The regulatory changes signal growing acceptance of digital assets while maintaining oversight, with additional plans for crypto ETFs and security token offerings by 2025.
Crypto Market Could See Longest Bull Run Ever, Says CryptoQuant CEO
CryptoQuant CEO Ki Young Ju predicts an unprecedented extended crypto bull market as Bitcoin surpasses $100,000 and total market cap hits $3.6T. Industry experts offer varying perspectives on the sustainability of the rally, with some anticipating continued growth while others urge caution.
Altcoin Season on the Horizon: Key Technical Signals Point to Major Rally
Cryptocurrency analysts identify market patterns suggesting an imminent altcoin rally, mirroring conditions from previous bull runs in 2017 and 2021. Technical indicators, including Bitcoin's interaction with Bollinger Bands and historical cycle data, point to a potential shift favoring alternative cryptocurrencies.
Crypto Analyst Predicts 12,000% Surge for Meme Token Catzilla Alongside Major Gains for Ethereum and Polkadot
A leading cryptocurrency expert forecasts dramatic price increases for 2024, with Ethereum potentially hitting $6,000 and Polkadot reaching $20. The analysis highlights newcomer Catzilla, a Solana-based meme token with innovative features that could see returns of up to 12,000%.
South Korea Signals Major Policy Shift: Crypto ETFs on the Horizon for 2025
South Korea's financial sector prepares for a transformative change as the Korea Exchange announces plans to explore cryptocurrency ETFs in 2025. This strategic move, following the success of US crypto ETFs, could reverse the country's 2017 ban despite ongoing political challenges.
IRS Extends Crypto Tax Reporting Deadline to 2026 Amid Industry Adaptation
The IRS has delayed new cryptocurrency tax reporting requirements until 2026, giving brokers more time to implement necessary systems. The postponement affects both centralized and DeFi platforms, impacting up to 2.6 million taxpayers while facing legal challenges from industry groups.
Binance Makes History with First Crypto Broker-Dealer License in Brazil
Binance secures groundbreaking approval from Brazil's Central Bank to acquire Sim;paul, becoming the first crypto exchange with a broker-dealer license in the country. This milestone marks Binance's 21st global regulatory achievement and enables expanded services in Latin America's largest economy.
Syria Explores Bitcoin Adoption in Bold Economic Recovery Plan
Syria's transitional government unveils an ambitious proposal to legalize Bitcoin and digitize its national currency as part of post-war economic reconstruction. The comprehensive plan aims to combat inflation, attract foreign investment, and potentially bypass international sanctions through cryptocurrency integration.
IRS Extends Crypto Tax Reporting Rules to 2026, Offering Relief to Exchanges and Investors
The IRS has announced an extension of cryptocurrency tax reporting requirements through 2026, giving exchanges and taxpayers more time to adapt. The update includes flexibility in cost-basis calculation methods for 2025 and new rules for both CeFi and DeFi brokers.
Swiss Bitcoin Initiative: Voters May Force Central Bank to Hold BTC Reserves
Switzerland's Federal Chancellery has approved the 'Bitcoin Initiative,' paving the way for a potential national referendum on requiring the Swiss National Bank to hold Bitcoin reserves. The groundbreaking proposal could make Switzerland one of the first countries to mandate cryptocurrency holdings for its central bank.