Bitcoin Pioneer Hal Finney Posthumously Wins New Award Named for Him

The first four awards, including Finney’s, are meant specifically to retroactively reward those who made the biggest contributions to Bitcoin within the periods between each of the first four halvings: 2009-2012 (Finney), 2012-2016, 2016-2020 and 2020-2024. After that, the prize will go to those who contribute most in the intervening four years. Source link

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Tether debuts on The Open Network integrated with Telegram By Investing.com

Tether’s and its gold-backed version, , have gone live on The Open Network (TON), providing Telegram’s 900 million monthly users a new method for peer-to-peer global payments.  Fintech firm Ramp Network, a crypto infrastructure provider, will support the purchasing and withdrawal of USDT on TON. At launch, exchanges and built-in on-ramps such as bank transfers, card payments, and peer-to-peer transactions will be available to make it easy for users to

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IRS releases draft of 2025 digital asset reporting form for US taxpayers

The United States Internal Revenue Service (IRS), the country’s tax service, has released a draft of its new Form 1099-DA “Digital Asset Proceeds from Broker Transactions” for reporting income from digital asset transactions. The form is expected to come into use in 2025 for reporting in 2026. A broker will prepare Form 1099-DA for every customer who sells or exchanges digital assets. Brokers include kiosk operators, digital asset payment processors, hosted

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Google Searches for ‘Bitcoin Halving’ Get Higher Than 4/20

Interest in the term has steadily ramped up since the start of 2024, alongside search interest in the phrase “Bitcoin” (which is still below its 2017 peak in terms of search interest). The surge in interest this month is notable considering bitcoin’s (BTC) recent rally has stalled out, including turbulence this week, which saw it drop from a high around $70,000 last Friday to $63,000 today. Source link

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Coin Center Asserts Stablecoin Bill Threatens Free Speech Rights

The digital currency advocacy group Coin Center has strongly opposed the Lummis-Gillibrand Payment Stablecoin Act, saying it ‘would impermissibly infringe upon constitutional rights.’ The bipartisan bill, which has the support of Senators Kirsten Gillibrand and Cynthia Lummis, is meant to regulate the payment of stablecoins. The lobbying group Coin Center claims the bill’s prohibition on algorithmic stablecoins would be a violation of the First Amendment by targeting the code comprising

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Bitcoin Will Power the Next DeFi Summer

Ultimately, the initial buzz about NFTs and blockchain’s expansion turned to fear during the 2022 crypto winter, although this wouldn’t be the end for NFTs. 2023 witnessed a revival in the blockchain enthusiasm, thanks in part to NFTs making a strong comeback, this time taking the form of Ordinals on Bitcoin. Similar to how DeFi Summer revealed new blockchain capabilities, Ordinals and BRC20 tokens showcased Bitcoin’s potential, sparking excitement about

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Tether Launches USDT on Ton Blockchain, Giving the Stablecoin Access to Telegram Messaging Platform’s Userbase

Stablecoin issuer Tether (USDT) is launching its dollar-pegged asset over The Open Network (TON), giving it access to the user base of the popular messaging platform Telegram. In a new article, Tether says that it is launching both USDT and Tether Gold (XAUT), its gold-backed crypto asset, over the layer-1 protocol TON, bringing its total coverage to 15 blockchains. According to Tether, Telegram’s instant messaging system can be used to

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IRS Shares Early Look at Crypto Reporting Form Set for 2025

The U.S. Internal Revenue Service (IRS) has unveiled an early draft of a new tax form designated for reporting cryptocurrency transactions. The draft form, 1099-DA, is the latest step of the IRS’s endeavors to consolidate the reporting measures with respect of digital assets as part of the federal tax code. The purpose of this initiative is to bring facilitation and simplification to tax liabilities brought about by cryptocurrency transactions. Specifically,

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Crypto Analyst Dives Into Altcoin Bear Market As the Bitcoin (BTC) Halving Nears

A widely followed crypto analyst says Bitcoin relief is on the way as the imminent BTC halving draws closer. The BTC halving is a pre-programmed event that occurs every four years, slashing BTC mining rewards in half. Analysts and experts anticipate the next BTC halving should occur in the coming days or even hours. One analyst, Michaël van de Poppe, tells his 712,800 followers on the social media platform X that BTC

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Top Crypto Exchange Binance Converts $1,000,000,000 Secure Asset Fund From Bitcoin and BNB to Stablecoin USDC

Binance has converted all of the crypto in its $1 billion emergency insurance fund into the stablecoin USDC. The top global crypto exchange established the “Secure Asset Fund for Users” (SAFU) in 2018 to protect Binance users from “extreme situations.” The fund has typically attempted to maintain a balance worth $1 billion, though fluctuating crypto prices have impacted the value of its holdings over the years. In late 2022, the

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