🦎🚀 The next chapter of the Saga is here! 📱

Wednesday, January 17, 2024

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Chill on the 10K Rule

The IRS has clarified that the new law requiring immediate reporting of crypto transactions over $10,000 is not currently being enforced and won't be for some time.

While the law is technically scheduled to go into effect this year, the IRS stated that it will not be enforced until a lengthy period of public comment and review occurs, which can extend over several years.

In other news, the revival of Core Scientific, Chainlink integrates Circle's cross-chain transfer protocol, and Solana Mobile plans to launch a second smartphone following the success of its first crypto-ready smartphone.

Read on!

2023 Annual Crypto Industry Report

Dive into our comprehensive 2023 Crypto Industry Report which covers everything from the crypto market landscape.

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24h Hot Searches Worldwide 🔥

Biconomy (+3.5%)
Pyth Network (+6.0%)
Xai (-9.8%)
Open Campus (+2.4%)
Celestia (-3.3%)
Memecoin (+0.7%)
Solana (+1.5%)

Many common mistakes during the bull run can cost your portfolio. Learn our top tips on how not to fumble a bull run!

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Back From The Dead

Crypto mining firm Core Scientific is set to emerge from bankruptcy after a court confirmed its reorganization plan.

As part of the plan, the firm's shareholders will receive around 60% of Core Scientific's new equity, and the company will pay its debt in full.

The Block

Stablecoin Linking

The decentralized oracle project Chainlink has integrated Circle's cross-chain transfer protocol (CCTP) into its own CCIP system.

This integration aims to facilitate the secure movement of the USDC stablecoin across various blockchains.

Chainlink believes that utilizing both technologies will create new use cases for stablecoins, particularly in the realms of payments and DeFi.

CoinDesk

New Phone, Who Dis?

Solana Mobile is gearing up to release a second smartphone, capitalizing on the unexpected success of its initial crypto-ready device, Saga.

The upcoming phone is expected to retain key features such as an integrated crypto wallet, customized Android software, and a "dApp store" for crypto applications.

However, it aims to offer these features at a more affordable price point and with different hardware specifications.

Decrypt

Learn about restaking and how it enables capital efficiency by allowing users to stake the same tokens on the main blockchain and other protocols to secure multiple networks simultaneously.

Learn more

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