Altcoin News Official TheBitTimes.com

The cryptocurrency market rebounded overnight following a sharp decline over the weekend, with a $220 million inflow revitalizing the ecosystem. Bitcoin, the leading digital asset, spearheaded the recovery by surpassing the $100,000 mark, restoring optimism among investors anticipating further price increases. The weekend downturn was linked to policy announcements made by President Donald Trump last week, which contributed to Bitcoin’s drop to $91,530 by early Monday. However, the market quickly regained momentum, pushing Bitcoin past $100,000. The cryptocurrency reached a daily peak of $102,569 before settling at $101,457. This rebound signals renewed investor confidence in the market. This positive outlook prompts investors to search for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar . 6 Best Cheap Cryptos to Buy Now Under 1 Dollar  RequestFinance has integrated with the Tezos ecosystem to enhance crypto accounting for Web3 companies. TR...

Two Tezos (XTZ) investors are taking the IRS to court once again over the agency’s treatment of their staked XTZ tokens. In a new complaint filed with a Tennessee Federal court, Josh and Jessica Jarrett contend that newly minted tokens from staking should only be treated as taxable if they are sold. “New property is not taxable income; instead, taxable income arises from the proceeds from the sale of that new property. In all other contexts, the IRS recognizes that new property is not taxable income. When a taxpayer creates new property—whether a farmer’s crop, an author’s manuscript, or a manufacturer’s product—he is not taxed until he sells it. Only upon sale of new property does income ‘come in.’ As the leading treatise explained in the year that the income tax was introduced, ‘the measure of taxable net income is not the amount or value of the products of the year’s operation, but the net proceeds of sales.'” The Jarretts fi...

Hardware wallet provider Trezor has explained the malicious email s sent to its users. In a post to X, Trezor explained that it had discovered an unauthorized email impersonating the Trezor team from a third-party email provider it uses. The malicious email , sent from the address “[ email  protected],” asks users to upgrade their “network” or face the loss of their funds, providing them with a malicious link leading to a web page where they must enter their seed phrase. Security Alert We've detected an unauthorized email impersonating Trezor sent from a third-party email provider we use. If you received a suspicious email with the subject line 'Assets undergoing upgrade' from the ID: [ email  protected], please do not click any links or… pic.twitter.com/RqQnQkB4hX — Trezor (@Trezor) January 24, 2024 Trezor found that an unauthorized person had accessed the newsletter subscriber email address database and used a third-part...