crypto ira

Grayscale Addresses Tax Controversies of Cash-Created Spot Bitcoin ETF Grayscale, one of the largest cryptocurrency asset management firms, has provided clarity on the potential tax implications of adopting a cash redemption model for an upcoming spot bitcoin exchange-traded fund (ETF). In a recent article, Grayscale explained how the cash redemption process would work in a […]

The Explosive Growth of BONK Meme Coin The Solana Saga phone, once struggling to find its market, has seen its fortunes reversed this week, with units selling for as much as $5,000 on eBay, a staggering increase from its discounted price earlier this summer. This dramatic shift in demand is primarily attributed to the explosive

BONK Emerges as the Third Largest Meme Coin The meme-inspired cryptocurrency BONK has experienced a remarkable surge in recent weeks, surpassing pepe (PEPE) to become the third largest meme coin in terms of market capitalization. BONK, which is based on the Solana blockchain, has witnessed a staggering 621% increase in value against the U.S. dollar

In just two weeks since December 2, 2023, the stablecoin asset, first digital USD (FDUSD), has experienced a remarkable expansion, with its supply increasing by 690 million coins. As of December 17, 2023, this surge has propelled FDUSD's market capitalization to a significant $1.61 billion, marking a growth of 74.92%. FDUSD Emerges as Fifth-Largest Fiat-Pegged

Introduction Treasury Secretary Janet Yellen recently shared her insights on the state of the U.S. economy and the potential risks it faces. In an interview with CNBC, she discussed the progress made in reducing inflation and the need for the Federal Reserve to continue working towards its 2% target. Yellen also expressed her optimism about

Prediction 1: Bitcoin Trading Above $80,000 Crypto asset manager Bitwise has made 10 predictions for the crypto market in 2024. The first prediction states that Bitcoin will trade above $80,000, setting a new all-time high. Bitwise believes that two major factors will contribute to this price surge. The anticipated launch of a spot Bitcoin ETF

Self-Directed gold IRAs are fantastic as they let you make investments in gold and other precious metals without needing to engage any middlemen. In fact, these accounts are so simple that even your grandmother could manage it! When you buy physical silver, gold platinum, palladium and Rhodium bars, coins, rounds, and bullion you’ll have instant

Saudi Aramco Explores Collaboration for Investing in Digital Assets Saudi Aramco, the largest oil and gas company by market cap, has partnered with SBI Holdings, a financial services group in Japan, to explore a potential collaboration for investing in digital assets. With a market capitalization of over $2 trillion, Saudi Aramco is considering venturing into

Asset Management Firm Vaneck Reveals 15 Crypto Predictions for 2024 Asset management firm Vaneck has recently unveiled its 15 crypto predictions for the year 2024. These predictions cover a wide range of topics, including the arrival of a US recession, the approval of spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC),

Positive Signals from Oscillators On Friday, December 8, 2023, ethereum's trading concluded with a 4% rise, settling at $2,358. This jump was observed within a daily trading range from $2,245 to $2,385. Underlying this upward trajectory was ether's market cap of $283 billion, accompanied by a strong 24-hour trading volume of $26.75 billion. Oscillators and