Biden's Tax Rule Shakes Crypto World: XRP Battles Volatility Amid Legal Turmoil

XRP News Today: Biden’s Tax Rule Fuels Crypto Volatility—Impacts XRP and BTC

According to FX Empire, the recent crypto tax rule finalized by the Biden administration has stirred significant volatility in the cryptocurrency market. The new regulation targets DeFi trading, stablecoins, and NFTs, leading to legal challenges and potential Congressional reviews. This move comes at a critical time as it coincides with ongoing SEC litigation against Ripple (XRP), which could lead to de-listings if an appeal is pursued. Despite these uncertainties, XRP remains resilient above $0.52.

VERUM Surges 88%, PHALA Jumps 44%, Bitcoin Struggles at $29k

The latest report from crypto.news highlights impressive gains for Verum Coin (VERUM) and Phala Network (PHA), despite broader bearish trends affecting major cryptocurrencies like Bitcoin. VERUM's price surge follows its listing on popular wallets such as Halo Wallet and Binance Web3 Wallet. Meanwhile, PHA's rise is attributed to its collaboration with ai16z exploring AI applications within blockchain technology.

Your Crypto Wallet As Your Bank: Realizing Bitcoin’s Original Vision

A Forbes article discusses how crypto wallets are revolutionizing financial transactions by enabling users to manage their funds independently of traditional banks. With partnerships between companies like MetaMask and Mastercard introducing crypto debit cards, this shift towards decentralized finance offers more autonomy over personal finances while reducing reliance on conventional banking systems.

As Chainlink And Sui Price Tumble With Crypto Market Movement, This New Crypto Is Making New ATH

The Merkle News reports that amidst declining prices for established altcoins like Chainlink and SUI due to overall market downturns, Rollblock emerges as a promising contender with substantial growth during its presale phase. Its innovative approach using blockchain technology aims to enhance transparency in online gambling platforms.

Qubetics Grants Whitelist Privileges Alongside Cardano's Governance Updates and Litecoin’s Price Surge

An update from Crypto News Flash reveals Qubetics' strategic whitelist initiative offering early access opportunities amid volatile markets impacting coins such as Cardano (ADA) following governance upgrades through hard forks; meanwhile Litecoin experiences renewed investor confidence reflected in recent price increases.

Ethereal ETFs See Big Boost with $83 Million in Daily Inflows – What Does This Mean for ETH?

The Currency Analytics notes Ethereum-based Exchange-Traded Funds witnessing remarkable inflows amounting to $83 million daily, indicating sustained institutional interest even though Ether struggles below key resistance levels needed before achieving full recovery post-recent declines. This reflects sustained interest in diversified portfolios amid uncertainty surrounding regulatory developments.

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