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Daily Recap

Crypto Market Highlights December 26, 2022

343 days ago - Around 2 mins mins to read
Crypto Market Highlights December 25, 2022

Crypto Market Highlights News Of The Day

IRS Delays $600 Tax Threshold For Third-party Payment Platforms

The Internal Revenue Service (IRS) says that further clarification is required before launching the implementation of its new $600 reporting threshold for third-party settlements. The new threshold, which was implemented as a part of the American Rescue Plan of 2021, will also be phased in starting in 2022. For more specific information, you can read the article below:

https://news.coincu.com/155347-irs-delays-600-tax-threshold-third-platform/

Binance Sued By French Investors For Over 2.4 Million Euros In Losses

Binance France and its parent firm, Binance Holdings Limited are being sued by 15 French investors for alleged deceptive business practices and fraudulent concealment. The plaintiffs stated in a case filed on December 14 that the exchange breached French regulations by promoting and delivering crypto services before acquiring registration from the country’s authorities. For more specific information, you can read the article below:

https://news.coincu.com/155360-binance-sued-french-2-4-mil-euros-losses/

BitKeep User’s Wallets Stolen Due to Security Breach

On December 26, it was reported that the BitKeep Web3 Multi-chain Wallet was suspected of a security breach that caused BitKeep user’s wallets to leak. Some users have claimed that their funds were stolen in its official Telegarm group. For more specific information, you can read the article below:

https://news.coincu.com/155368-bitkeep-users-wallets-stolen-due-security/

Most Popular NFT Project Solana, DeGods Will Move To Ethereum In 2023

The questions raised earlier had received official answers from the most famous NFT collection on Solana, DeGods, when it suddenly announced that the NFT Degods would move to Ethereum next year. For more specific information, you can read the article below:

https://news.coincu.com/155392-solana-degods-will-move-to-ethereum-in-2023/

Huobi Will Review Pi Network For Listing At The Soonest

On December 26, Huobi announced that it would constantly monitor Pi Network’s developments regarding the imminent mainnet launch, thanks to the strong recommendation of the Pi Network community. Once the main network is upgraded successfully, Pi will be reviewed for listing as the soonest. For more specific information, you can read the article below:

https://news.coincu.com/155436-huobi-will-review-pi-network-for-listing-at/

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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