Biden Pledges to Eliminate Tax Loopholes for Crypto Traders Vows to Make US Tax System Fair

U.S. President Joe Biden has promised to make the federal tax system fair by eliminating loopholes for crypto traders and hedge fund managers. He aims to “achieve tax code fairness” by “ensuring that the burden is shared...

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Bitcoin Cash Hashrate Gains Momentum: Miners Flock to BCH as Profitability Surges

Over the past two weeks, bitcoin cash has experienced a significant surge, increasing 182% against the U.S. dollar and attracting more hashrate to its network. Approximately 22 bitcoin cash mining pools are now allocating...

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Insiders Say SEC Deems Blackrocks Spot Bitcoin ETF and Other Applications as Inadequate

According to a report citing “people familiar with the matter,” the U.S. Securities and Exchange Commission has allegedly informed Nasdaq and Cboe that Blackrock’s registration for a bitcoin exchange-traded fund (ETF) and...

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Biggest Movers: LTC BCH Surge 20% Higher on Friday

Litecoin surged by as much as 20% in today’s session, as bulls took the token to its highest level since April. The move came prior to the latest consumer sentiment report from the U.S, which rose to a reading of 64.4....

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Coinbase Alleges SEC Lacks Any Powers to Regulate Digital Asset Exchanges in Recent Filing

Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has filed a 177-page answer to the complaint introduced by the U.S. Securities and Exchange Commission (SEC), where the agency states the company was involved...

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US Court Orders Operator of Digital Asset Trading Scam to Pay $54 Million

According to the Commodity Futures Trading Commission (CFTC), Michael Ackerman, the operator of an alleged fraudulent digital asset trading scheme, has been issued with an injunction order which bars him from trading in...

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Change the Code Blasts Wall Street for Propping Up Bitcoin Initiatives

Change The Code, a Greenpeace-backed initiative that seeks to change Bitcoin’s consensus algorithm, has blasted Wall Street companies for the support they are showing to Bitcoin-related activities. On social media, it has...

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European Banks to Disclose Exposure to Crypto Assets

Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to...

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Report: FTX Management Seeks Investors to Revive Defunct Crypto Exchange; Exchange Token FTT Surges

FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly...

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Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trusts Financial Woes

The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and...

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Biggest Movers: SOL Gains 10% BCH Hits Fresh 1-Year High

Solana surged 10% on June 29, after it was confirmed that a new cross-chain bridge will allow users easier access to other blockchains. The update from Debridge will reportedly enable solana users to access ethereum’s virtual...

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Bitcoin Difficulty Takes a Dip: Networks First Downward Adjustment in 56 Days Signals Easier Mining Ahead

On June 28, 2023, Bitcoin saw its first downward difficulty adjustment in 56 days, or since May 4, with a decline of 3.26%. This modification lowered the network’s difficulty to 50.65 trillion from its record high of 52.35...

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Bitcoin Ethereum Technical Analysis: BTC Rebounds on Thursday Following Microstrategys Latest Purchase

Bitcoin rebounded on Thursday, as markets reacted to the news that Microstrategy bought an additional $374 million worth of the cryptocurrency. Michael Saylor’s firm now has 152,333 bitcoin, worth roughly $4.52 billion....

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Mind Network Secures $25 Million in Initial Funding From Binance Labs and Other Prominent Venture Capitalists

PRESS RELEASE. Mind Network, an innovative platform leading the way in data security and privacy within the Web3 ecosystem, is delighted to announce the successful completion of its initial funding round, raising $2.5 million....

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Unplugged: The Impending Threat of Widespread Blackouts in Grid-Reliant Economies

Lately, the media has been captivated by the possibility of a grid collapse and the devastating economic consequences it would entail. Curiously, the internet is teeming with headlines suggesting the plausibility of such...

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Blackrocks Influence Fuels Soaring Bitcoin Interest Google Trends Data Shows

Over the past 30 days, the popularity of the term “bitcoin” has surged significantly, as indicated by Google Trends metrics. On June 21, 2023, the search term bitcoin achieved a perfect score of 100. Notably, the curiosity...

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Ledger Unveils Tradelink: A Custodial Crypto Trading Platform Tailored for Institutions

On June 28, the crypto hardware wallet manufacturer and security firm Ledger unveiled its latest offering, a digital currency exchange and custodial solution service, specifically tailored for institutions. The new service,...

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Microstrategy Expands Bitcoin Position With $347 Million Investment Pushing Total Holdings to 152333 BTC

Microstrategy has purchased 12,333 more bitcoin for about $347 million, growing its cryptocurrency holdings to 152,333 btc. The Nasdaq-listed software company’s announcement came amid a series of positive developments in...

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Biggest Movers: SHIB MATIC Fall 5% Lower on Wednesday Hitting 1-Week Low

Shiba inu was down by as much as 5% on Wednesday, as the meme coin slipped to a one-week low in today’s session. Market uncertainty has heightened in recent days, following the news that Prime Trust has been placed into...

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Bitcoin Ethereum Technical Analysis: BTC Consolidates Below $31000 Following Prime Trust Liquidation

After briefly rising above $31,000, bitcoin consolidated on Wednesday, as bulls moved to secure recent gains. The uncertainty came as crypto custodian Prime Trust entered receivership, after being found to be illiquid by...

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Swiss Central Bank to Launch Wholesale CBDC Soon Says Chairman Thomas Jordan

The Swiss National Bank (SNB) said it plans to issue a wholesale central bank digital currency as a pilot via SIX Digital Exchange, a subsidiary of SIX, an operator of infrastructure for the Swiss and Spanish financial...

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Dubai Regulator Unveils Schedule of Fees for Virtual Asset-Related Activities

The Dubai Virtual Asset Regulatory Authority (VARA) recently announced the schedule of fees “covering the issuance of no-objection certificates to proprietary traders, amendments or withdrawal of licence applications, and...

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Ran Neuner Believes Blackrocks Bitcoin ETF Could Double Price Next Year Dismisses Malicious Intent Speculations

Following Blackrock, the largest asset manager globally, filing for a spot bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), Ran Neuner, host of Crypto Banter, stated during an interview...

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AX1 Syndicate Research on Global Regulatory Dynamics for Crypto

PRESS RELEASE. The AX1 syndicate has conducted an in-depth review of the latest legal developments in the cryptocurrency space, with particular attention to the regulations, exchanges, and tax implications for both the...

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Biggest Movers: BCH Hits 1-Year High as EDX Markets Rally Intensifies

Bitcoin cash rose to a one-year high on Tuesday, as traders continued to buy the token following last week’s EDX markets listing. The newly formed exchange, which is backed by the likes of Citadel, Sequoia Capital and Fidelity,...

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