Key takeaways: XRP’s (XRP) price may reach $5 by year’s end, according to a “mega breakout” setup shared by one chart analyst. Cup-and-handle sees XRP price doubling Analyst Milkybull shared a chart on Tuesday showing a cup-and-handle pattern, a classic bullish setup that often forms during major market bottoms. Source: X In technical analysis, the cup represents a period of accumulation following a deep correction, during which traders gradually buy the asset, creating a rounded base. The handle then appears as a short-term pullback that typically ends when buyers regain…
Category: Bitcoin News
IRS Rules, Tax Limits and Compliance Guide
Key takeaways: Bitcoin gifts aren’t immediately taxable. The IRS treats cryptocurrency as property, so recipients generally don’t owe income tax on the gift. Stay within the 2025 exclusion limit. You can gift up to $19,000 per person, or $38,000 for spouses splitting gifts, without triggering Form 709. Recipients inherit the donor’s cost basis. Future taxes depend on the donor’s original purchase price, not the cryptocurrency’s value at the time of the gift. Keep detailed records to avoid IRS issues. Document the fair market value, transaction date and wallet details to…
8 Crypto Coins That Shaped 2025’s Market Narrative
Key takeaways 2025 marked a turning point for crypto, as investors prioritized real utility and institutional integration over hype-driven speculation. Bitcoin’s performance was supported by US spot ETFs, keeping it near or above the $100,000 mark for much of the year despite market pullbacks. Ether rebounded after an early-year slump, supported by growing institutional interest and renewed confidence following the Ether ETF approval. Privacy coins, such as Zcash and Monero, saw fresh demand, fueled by tightening supply and rising interest in financial anonymity. 2025 has been a remarkable year for…
Ideosphere Hopes Its Prediction Markets Will Fund Science
The co-founders of the decentralized science startup Ideosphere told Cointelegraph they aim to redirect the speculative energy of crypto prediction markets toward financing early-stage scientific research. Speaking to Cointelegraph at the Blockchain for Good Awards event in Copenhagen, Denmark, Ideosphere co-founder and head of technology Rei Jarram said that some research is considered too risky to invest in through traditional channels. She said that seeing the volume of money flowing to crypto gambling platforms prompted the project’s founders to wonder “if you could kind of siphon some of that speculation away…
Quantum Threat Makes Encryption Urgent, Researcher Warns
Gianluca Di Bella, a smart-contract researcher specializing in zero-knowledge proofs, said the danger posed by quantum computing isn’t a distant concern; it’s a current one. Speaking to Cointelegraph at the UN City offices in Copenhagen, Denmark, Di Bella said he believes “we should migrate now” to post-quantum encryption standards. The reason, he explained, lies in so-called “harvest now, decrypt later” attacks, where data is collected and stored until future technology makes decryption possible. For instance, if the identity of a dissident in a totalitarian country is protected solely by encryption, they want…
China Accuses US Over 127K Bitcoin Seized From LuBian Hack
China’s national cyber defense agency has made big claims around the alleged role of the US in the multibillion-dollar hack of LuBian, once a major Chinese Bitcoin mining pool. The Chinese National Computer Virus Emergency Response Center (CVERC), a state-backed cyber defense agency, on Sunday published a technical analysis report on the 127,272 Bitcoin (BTC) stolen in the LuBian hack. Although the hack occurred in December 2020, it remained largely unknown to the public until recently, with Arkham reporting it in August as the “largest ever” Bitcoin hack. The CVERC’s…
Your Crypto Wallet Is Your Digital Passport
Opinion by: Eowyn Chen, CEO of Trust Wallet The world is changing. Fundamentals that are often taken for granted in the physical world are now becoming unified as the digital age begins. Identity, payments and access are now converging into one single location: a digital wallet. Wallets are becoming the bedrock layer for access to the modern digital world, just as a passport unlocks physical movement across the globe. Digital wallets now enable people’s access to identity, money and services through an online economy and grant true digital freedom for…
Argentina Orders Asset Freeze Linked to Libra Token Fraud Probe
Argentina’s federal judiciary ordered a freeze of assets belonging to US promoter Hayden Davis and two alleged intermediaries tied to the collapsed Libra token, deepening an investigation into one of Latin America’s biggest crypto scandals. The order, issued by Judge Marcelo Martínez de Giorgi, reportedly covers digital wallets, bank accounts and real-estate assets of Davis, Argentine operator Orlando Rodolfo Mellino and Colombian trader Favio Camilo Rodríguez Blanco. Prosecutors said the asset freeze was necessary to prevent any transfer of assets that could represent the proceeds of fraud, as investigators work…
Ethereum Price Reclaims Key Level, But Can ETH Break $3.8K Next?
Key takeaways: Ethereum holders are back in the black, increasing the chances of a rally to $4,000. Ether sell pressure risk exists around $3,800, a resistance level that may delay the bulls. Ether’s (ETH) rebound to $3,600 over the weekend pushed its value above its active realized price, implying that the average ETH holder is no longer in the red. Is this enough fuel for the bulls to push the ETH price above $4,000? Ethereum trades above its active cost basis Data from Cointelegraph Markets Pro and TradingView shows that…
Bitcoin ETFs Flat Despite US Shutdown Potential End
The lack of demand for spot Bitcoin exchange-traded funds (ETFs) is raising concerns about Bitcoin’s prospects for the rest of the year, even as the US government appears to be nearing the end of its 41-day shutdown. On Monday, the US Senate approved a funding package, bringing Congress one step closer to ending the government shutdown. The legislation is now headed for a full vote in the House of Representatives, which may occur as early as Wednesday, CBS News reported Monday. Senate Majority Leader John Tune said he hopes the…