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The IRS has clarified that cryptocurrency staking rewards are taxable as income upon receipt, rejecting claims that they represent "new property." This decision stems from a legal dispute involving Tennessee residents who argued for delayed taxation until the rewards were sold. The ongoing case may set a significant precedent for the taxation of staking rewards in the U.S.
The cryptocurrency market is buzzing with top contenders like JetBolt, Starknet, Tezos, Solana, XRP, Ethereum, dogwifhat, Pepe, and Dogecoin, each showcasing unique features and recent performance. JetBolt stands out with its zero-gas technology and impressive presale success, while Ethereum maintains a strong market presence with a price of $3,915.79 and a market cap of $467.97 billion. As buyers navigate this volatile landscape, thorough research is essential before making investment decisions.

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