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South Korea's Democratic Party agrees to delay crypto tax by 2 years** - The ruling party has pushed back against another delay, calling it a political trick.
Bitcoin Hits Record High: Bitcoin recently reached a new record high, briefly touching $87,000. AIOZ Network: This decentralized platform for Web3 AI, storage, and streaming has seen a significant surge in value recently. Dogecoin Surge: Dogecoin experienced a notable price increase, driven by positive sentiment around Elon Musk's endorsement.
Cryptocurrency Tax Regulations in 2025: Governments worldwide are implementing measures to ensure proper taxation of digital assets. The IRS in the U.S. will require brokers to report sales and exchanges of digital assets starting in 20251. The EU is working towards a unified approach with the Markets in Crypto-Assets (MiCA) regulation. Ethereum's Energy Consumption Reduction: Ethereum has achieved a dramatic reduction in energy consumption by transitioning from a proof-of-work (PoW) to a proof-of-stake (PoS) system. This change has made Ethereum one of the most eco-friendly blockchains2. Next Cryptocurrency to Explode: Analysts are highlighting promising cryptocurrencies like Simon's Cat (CAT) and Polkadot (DOT) as potential candidates for significant growth. Bitcoin Price Surge: Following the recent U.S. election, Bitcoin has hit a new all-time high, with Ethereum also seeing substantial gains. BNB Chain's Tokenization Service: BNB Chain has introduced a no-code real-world asset tokenization service, which could reach a $30-trillion market cap by 2030
Detroit to Accept Cryptocurrency Payments for Taxes Starting in mid-2025, Detroit will become the largest U.S. city to accept cryptocurrency payments for taxes and other city fees. This move is part of the city's effort to modernize its technology and create a more accessible payment system for its residents1. The payment option will be managed through a secure platform provided by PayPal, allowing residents to use cryptocurrencies like Bitcoin for their tax payments. This initiative aims to make electronic payments easier, especially for those who are unbanked.