Author: CryptoHoppers

The Czech Republic has reportedly passed a law exempting bitcoin holdings of more than three years from capital gains tax. This decision, approved unanimously by the country’s parliament on Dec. 6, is set to take effect on Jan. 1, 2025.The Czech Republic’s new tax exemption law introduces clear conditions under which cryptocurrency transactions can be excluded from personal taxation, according to Parlamentní Listy news site. “Individuals can benefit from these exemptions if their total gross annual income from cryptoasset transactions does not exceed CZK 100,000 ($4,000),” the Czech media outlet said. “Additionally, digital assets held for more than three years…

The Curve DAO token saw significant growth as December started, emerging as one of the top gainers over the past month. Curve DAO (CRV) rallied 500% in 30 days, reaching $1.33 with a market cap of $1.6 billion on Dec. 7 — the highest level since February 2023. The asset faced a 7% correction in the past 24 hours due to overbought conditions and is trading at $1.1 at the time of writing. CRV price and RSI | Source: crypto.news CRV’s daily trading volume, however, increased by 20% to $635 million, suggesting increased interest from investors. Thanks to the price…

Key Takeaways Amazon shareholders are advocating for at least 5% of company assets to be allocated to Bitcoin. The proposal points out that Bitcoin has outperformed other assets such as corporate bonds in recent years. Share this article A group of Amazon shareholders is pushing for the company to allocate a minimum of 5% of its assets to Bitcoin, through a proposal submitted by the National Center for Public Policy Research (NCPPR), a free-market principles advocacy think tank. Source: @TimKotzmanThe proposal, shared by Tim Kotzman, recommends Bitcoin addition to Amazon’s treasury as a hedge against inflation and asset diversification strategy.…

The odds of a Federal Reserve rate cut surged to 85% after a stronger-than-expected U.S. jobs report for November. According to the Bureau of Labor Statistics (BLS), 227,000 new jobs were added last month, exceeding Wall Street’s forecast of 202,000. The report also included upward revisions for September and October, which were heavily impacted by Boeing strikes and hurricanes in the Southeast.Macroeconomic Conditions Amid Fed Rate Cut ExpectationsDespite the positive job creation, the unemployment rate ticked up to 4.2%, and the labor force participation rate slipped slightly to 62.5%. Steve Rick, chief economist at TruStage, highlighted the report’s resilience, saying,…

Key Takeaways Telegram’s founder faced his first court interrogation after his arrest in August. The French justice system is investigating whether Telegram is complicit in criminal activities due to its alleged failure to address the spread of illegal content. Share this article Pavel Durov, CEO of messaging platform Telegram, appeared before a Paris judge for his first formal questioning as part of a criminal investigation into the platform’s alleged facilitation of illegal activities, a source familiar with the case told AFP.Durov arrived at the Paris courthouse around 10 a.m. (local time) with attorneys David-Olivier Kaminski and Christophe Ingrain. He told…

Finally, Bitcoin has barreled past the $100,000 threshold, a level predicted by many crypto analysts in the last few months. A longtime inactive cryptocurrency exchange rode on the BTC price surge and transferred more than 24,000 coins to a new wallet. Bitcoin breaks past the $100k level. Source: Coingecko Bitcoin Reaches A Milestone Analysts said that after a long wait, Bitcoin got enough momentum to push its price beyond the $100,000 mark. This is the first time that the firstborn crypto was able to reach that level. At 3:08 a.m. today, Bitcoin recorded $104,000, a new all-time high for the…

SushiSwap has announced the launch of Dojo Agent and Tweet Tokens for the tokenization of tweets and the creation of memecoins directly from Twitter.SushiSwap said in an X post, “Dojo Agent and Tweet Tokens are now live! Our agent allows you to tokenize your favorite tweets or launch a memecoin of your own creation directly from Twitter.” 1/ Dojo Agent and Tweet Tokens are now live! Our agent allows you to tokenize your favorite tweets, or launch a memecoin of your own creation directly from Twitter. pic.twitter.com/aofka3jRhj — Sushi.com (@SushiSwap) November 28, 2024How to Tokenize Tweets and Create Memecoins with…

Key Takeaways Yellen calls for stronger crypto oversight in FSOC’s final report before Trump’s term. Trump’s pro-crypto appointments, including David Sacks as “Crypto Czar” and Scott Bessent as Treasury Secretary, signal a potential shift toward lighter regulation. Share this article Treasury Secretary Janet Yellen has called for stronger oversight of crypto and stablecoins in the Financial Stability Oversight Council’s (FSOC) final report under the Biden administration, according to a Bloomberg report.Yellen highlighted the growing risks these digital assets pose to the US financial system, stressing the urgent need for comprehensive regulation to address them.“The council continues to call for legislation…

Gold, Silver, and Bronze tiers are introduced by Binance to reward verified P2P merchants based on performance. Binance has added a key update to its P2P Merchant Program by introducing three tiers, namely, Bronze, Silver, and Gold. This upgrade is introduced to acknowledge and reward P2P merchants according to their trade volume and performance. Each tier offers unique advantages. Based on their monthly trade performance, newly verified merchants can move up from the Bronze level. Verified traders having a solid trading record are considered bronze merchants. Merchants must reach a trading volume of at least 6 BTC, or 200,000 USDT, with…

Key Takeaways David Sacks has been nominated by Donald Trump as the White House AI and Crypto Czar. Sacks invested in Bitcoin early on and he will be involved in regulating the crypto industry following Trump’s nomination. Share this article President-elect Donald Trump has nominated David Sacks as his White House AI and Crypto Czar. Who is David Sacks and what is his stance on Bitcoin and crypto?Who is David Sacks?David Sacks is a South African-American entrepreneur and investor recognized for his influential roles in the tech industry. He was born in Cape Town, South Africa, into a Jewish family…