MixMob’s Racer 1 Launches, IRS Crypto Reporting, and Bitcoin’s 15th Birthday Celebration

OMG NEWS OF THE DAY

Bitcoin’s 15th Birthday: A Journey of Triumph

On January 3, Bitcoin celebrates its 15th birthday, marking the mining of its genesis block in 2009. From overcoming skepticism to mainstream adoption, Bitcoin has become the 9th most valuable asset globally, with a market cap nearing $900 billion. The journey includes the rise of Bitcoin ATMs, close to 1 million mined blocks, and milestones like El Salvador adopting Bitcoin as legal tender.

Let us not forget that #Bitcoin is the 9th most valuable asset in the world. In less than 15 years, it surpassed 7,963 other assets to accomplish this. By the end of 2025, I suspect it to be in the top three. We shall see. #stackharder pic.twitter.com/kOYK5mqY49

— Oliver L. Velez ⚡️ 13%'er Bitcoiner (@olvelez007) January 2, 2024

MixMob Unleashes ‘Race-to-Earn’ Game on Solana

Crypto gaming startup MixMob has just rolled out Racer 1, a thrilling Solana-based racing game where players can bet on matches or earn tokens for victorious races. The game, described as “race-to-earn,” allows players to stake their MXM tokens, unlocking exclusive benefits. A public sale for MixBot NFT bundles and MXM tokens is scheduled for January 11, bringing more excitement to the MixMob community.

Exclusive Perks for Solana Saga Phone Owners

Saga phone owners are in for a treat. MixMob is offering exclusive perks for these owners, including a unique airdrop and a Saga-only Racer 1 tournament slated for the first quarter of this year.

The Uprising has begun… HELLO WORLD 😈

It's time to…
🤔 Strategize
🏆 Compete
🔍 Discover
🛠️ Customize
💰 Bet and more…

Are you ready to reimagine MixMob? Our journey has been legendary. Let's #FlipWeb2 🫡 pic.twitter.com/JKte3NXWwu

— MixMob (@MixMobOrigin) November 28, 2023

IRS Enforces Reporting on $10k+ Crypto Transactions

Changes are afoot in the U.S. Provisions from the bipartisan infrastructure bill are now in effect, requiring crypto brokers to report transactions exceeding $10,000 to the IRS. This move aims to shrink the tax gap but has left many scratching their heads on how to comply. The lack of guidance from the IRS on reporting guidelines has raised concerns about potential difficulties for users in meeting these requirements.

New crypto tax reporting obligations took effect on Jan 1.

If you receive $10k or more in crypto you now have an obligation to report the transaction (including names, addresses, SS numbers, etc.) to the IRS within 15 days under threat of a felony charge. pic.twitter.com/wyRsfJEpMo

— Jerry Brito (@jerrybrito) January 2, 2024

TWEETS OF THE DAY

At this point saying SEC rejecting it isn’t just going against @JSeyff and I like it was in the early days, now you basically saying multiple mainstream news reporters w multiple sources on inside of this also have it wrong too. Not saying it’s imposs (again we still ‘only’ at…

— Eric Balchunas (@EricBalchunas) January 3, 2024

After a shake out first trading day of the year, Chinese stonks are now outperforming Nasdaq $KWEB $PDD $BABA

It’s gonna be a bumpy ride pic.twitter.com/INQnW223CP

— Orlando (@thisisorlando) January 3, 2024

WHALES ARE SENDING #USDT TO BUY THE DIP 👀

YOU KNOW WHAT HAPPENS NEXT ?👀 pic.twitter.com/5wZwJzlbAx

— Elja (@Eljaboom) January 3, 2024

Brock Pierce, a crypto entrepreneur and former child actor who has poured millions into Puerto Rico real estate, is embroiled in a legal battle over one of his most valuable properties https://t.co/sMaf8zK2nu

— Bloomberg Crypto (@crypto) January 3, 2024

Token Extensions is the rename of Token-2022, and we're rapidly approaching launch alongside 1.17 adoption on mainnet 🥳

I think this is going to be one of the most impactful tools shipped for devs in 2024, and you'll hear a lot more about them later in the month.

Some…

— Austin Federa | 🇺🇸 (@Austin_Federa) January 2, 2024

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