Daily Crypto News Jan 17: Bitcoin's Golden Cross, IRS Leniency, Ethereum Upgrade, and Crypto Industry Moves
In a week of significant developments in the cryptocurrency world, Bitcoin has marked a new milestone by experiencing its first-ever weekly 'Golden Cross', a bullish technical indicator that could potentially signal a long-term upward trend. As the market digests the implications of the recently approved Bitcoin ETF, there are discussions about an emerging power struggle within the Bitcoin community and its impact on the cryptocurrency's future.
In regulatory news, the IRS has announced that it will not enforce the controversial $10,000 crypto transaction reporting rule for now, providing some relief to crypto users and investors. Ethereum is gearing up for a major upgrade with the introduction of 'Dencun Goerli' proto-danksharding, a move expected to significantly enhance its network's scalability and efficiency.
Ripple's CEO has stated that a U.S. IPO is not currently a priority, citing a hostile regulatory environment led by the SEC. Meanwhile, Tether is advocating for blockchain education at the United Nations, emphasizing the importance of global awareness and understanding of this technology.
In gaming and NFT news, 'Dookey Dash' is getting a free-play reboot, offering token rewards to NFT owners, a development that highlights the increasing integration of blockchain technology in the gaming industry.
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News Links π
https://decrypt.co/213112/irs-says-wont-enforce-10k-crypto-tax-rule-now
https://www.theblock.co/post/273050/ethereum-dencun-goerli-proto-danksharding
https://www.theblock.co/post/273079/ripple-ceo-says-us-ipo-not-a-priority-crypto-hostile-sec
https://blockworks.co/news/tether-urges-un-blockchain-education
https://decrypt.co/213052/dookey-dash-gets-free-play-reboot-token-rewards-nft-owners
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