Here is what happened yesterday in the crypto market:
Coinbase Surpasses Revenue Expectations with $2.27B in Q4
Coinbase has reported a whopping $2.27 billion in revenue for the fourth quarter, exceeding estimates of $1.84 billion, driven by a significant bull run in the crypto market coinciding with the recent election.
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South Korea to Lift Ban on Corporate Crypto Trading
In a landmark decision, South Korea’s Financial Services Commission has announced plans to lift its 2017 ban on institutions trading cryptocurrencies, responding to the growing global interest in digital assets.
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SEC’s Peirce Discusses Memecoin Regulation
SEC Commissioner Hester Peirce has stated that the regulatory body does not have jurisdiction over many memecoins that have proliferated in the market, a remark that could shape the regulatory landscape for such assets going forward.
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Circle’s USDC Reaches Record Market Cap
Circle’s USDC stablecoin has achieved a record market capitalization of over $56 billion, highlighting the increasing demand for stablecoins in the wake of declining token prices.
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Crypto Tax Preparation Guidance Released
As tax season for 2024 approaches, KPMG’s Anthony Tuths provides key insights into cryptocurrency tax preparation, assisting traders in navigating the complexities of crypto-related tax laws.
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