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Starting in 2025, Americans trading digital assets on centralized exchanges (CEXs) will see their crypto transactions reported to the Internal Revenue Service (IRS).
This change marks the first tax year requiring third-party reporting for crypto transactions.
Crypto options exchange Deribit is considering acquisition deals from several anonymous parties. Although the company claims it has a total trading volume of over $1 trillion, it’s surprisingly seriously considering a sale.
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Bybit, the second-largest centralized exchange by daily trading volume, announced that it will temporarily halt its crypto trading services in India due to changing regulatory requirements.
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Centralized crypto exchange Bitget will merge its two tokens, Bitget Token (BGB) and Bitget Wallet Token (BWB). The company announced the merger on December 26.
This move creates a single token for both the Bitget exchange and the Bitget Wallet.