Potential Threats to the Crypto Market Before Important MSCI Decision: Could It Lead to a Fresh Bitcoin Sell-Off?
Bitcoin Experiences Major Drop, Reaching Eight-Month Low Bitcoin (BTC), the leading cryptocurrency, has seen a notable decline, hitting an eight-month low of $80,000, marking what may soon be recognized as the poorest performing week since November 2022. Market analysts indicate that the downturn kicked off on October 10, when signs of a downward trend first […]
Crypto Sector Advocates for Tax Policy Change Through Private Dinner for Legislators
Efforts Intensify for Crypto Tax Priorities in Congress As the Cryptocurrency Market Structure Act progresses through the Senate, industry leaders are ramping up their push for specific tax policies within Congress and the Trump administration. Recently, the American Innovation Project, a prominent industry nonprofit, organized a private dinner to inform Congress members about issues surrounding […]
UK Fraud Office Investigates $28M Crypto Fund Collapse, Two People Arrested
Simply put Basis Markets raised $28 million in late 2021, but closed down a few months later without providing refunds. Authorities have arrested two individuals during raids in London and West Yorkshire. This situation serves as a significant test of cryptocurrency enforcement in the UK, with victims being encouraged to step forward. U.K. prosecutors are […]
Crypto attorney aims to challenge Letitia James for attorney general position
A 36-year-old lawyer specializing in cryptocurrency is vying for the position of state attorney general, aiming for the Republican nomination to challenge Democratic incumbent Letitia James. “Letitia James has been a professional politician for over two decades, and during that time, she has repeatedly prioritized her own political agenda over the interests of New Yorkers,” […]
Circle and Bitcoin Treasuries Drive Crypto Stock Declines Amid Bitcoin Challenges
Simply put Circle, after hitting its lowest price since its debut on June 5, managed to recover a bit on Wednesday, though it still closed down over 9%. In addition to the drop in virtual currency values, strategic government bonds and others also experienced declines. Some crypto-related stocks saw a rebound in after-hours trading following […]
Selig, Trump’s Choice for CFTC, Informs Senators That Crypto is a ‘Critical Mission’ for the Agency
Hearing on CFTC Nomination Mike Selig, nominated by President Donald Trump to lead the Commodity Futures Trading Commission (CFTC), expressed his support for the administration’s plans regarding the regulation of U.S. cryptocurrencies during a recent confirmation hearing. He underscored the significance of the CFTC in overseeing these developments. The Senate Agriculture Committee is set to […]
Nayib Bukele Celebrates As El Salvador Purchases $98 Million In Bitcoin In One Day During Crypto Downturn
El Salvador Seizes Market Correction to Purchase Bitcoin El Salvador has capitalized on the current market downturn, acquiring over $1,000 Bitcoin last week. President Nayib Bukele shared a screenshot from the Bitcoin office dashboard, revealing that 1,098 BTC, valued at approximately $99.34 million, were bought, with a significant portion—1,090 BTC—purchased within just 24 hours. “Wow,” […]
Jack Dorsey’s company starts a campaign to eliminate crypto taxes on coffee
Changes to Bitcoin Transaction Taxation Proposed Currently, in the U.S., any Bitcoin transaction—yes, even something as small as buying a cup of coffee—is considered taxable if it results in a gain. Cryptocurrency advocacy groups have long pushed for the removal of tax reporting for minor transactions, usually under $50 or $200. They argue this would […]
This innovative Bitcoin and crypto wallet analyzes your blood vessels and doesn’t require any passwords.
Simply put G-Knot is a new hardware wallet that employs unique finger vein biometrics for accessing cryptocurrency assets. The goal is to outperform rivals like Ledger and Trezor by offering better security and an appealing design. Sales for the “Founder’s Edition” wallet commence today at $299, with shipments scheduled for January. If you hold cryptocurrency […]
Crypto Exchange Kraken Secures $800 Million with a $20 Billion Valuation
Simply put Cryptocurrency exchange Kraken has secured $800 million in funding, including $200 million from Citadel Securities. The latest round values the company at $20 billion. While Kraken is reportedly looking towards an IPO, there’s been no official announcement yet. Kraken, the American cryptocurrency exchange, has recently announced it raised a significant $800 million in […]