Biden calls for a 30% tax on crypto mining – Should you be concerned?
U.S. President Joe Biden put forward a variety of crypto related taxes and regulations which he says could generate almost $10 billion next year, and over $42 billion over the next decade, according to his proposed 2025 budget released Monday. Among the proposals are an…
The first country to adopt Bitcoin as a legal tender, what is El Salvador’s current situation?
As of today, Bitcoin is an official currency of El Salvador alongside the US dollar, after the Central American country became the first to adopt the cryptocurrency as legal tender. At three minutes to midnight local time, the country’s populist…
High Court rules that self-proclaimed Bitcoin creator is not ‘Satoshi Nakamoto’
By Maria Ward-Brennan The London High Court has decided that Craig Wright is not the founder of the world’s first cryptocurrency, Bitcoin, following a unique trial. Australian computer scientist Dr Craig Wright has long claimed to be behind the pseudonym…
What Biden’s presidential nomination means for the crypto market
As President Joe Biden secured the Democratic presidential nomination, the cryptocurrency markets are on high alert, anticipating the potential implications for the upcoming elections. According to Bloomberg, “Biden clinched the nomination on 12 March” after securing a significant number of delegates….
Tightening The Tap: Regional Banks, Tech Stocks, Bitcoin Brace For Liquidity Crunch As Fed Lifeline Ends
A safety net implemented by the Fed in the wake of the Silicon Valley Bank and Signature Bank failures in March 2023 has ceased operations this week. The Federal Reserve’s Bank Term Funding Program (BFTP) was designed as an emergency…
Robinhood Stock Undervalued As Cryptocurrency Play, Analyst Says: ‘Crypto Market Cap To Reach $7.5 Trillion Vs. $2.6 Trillion Today’
Trading platform company Robinhood Markets (NASDAQ:HOOD) saw shares trade higher Wednesday after market close on the heels of data showing higher February trading and account activity. Here’s what analysts are saying about the latest for the company and how Robinhood…
Wrapped Bitcoin Falls More Than 4% In 24 hours
Over the past 24 hours, Wrapped Bitcoin’s (CRYPTO: WBTC) price has fallen 4.21% to $69,965.00. This is opposite to its positive trend over the past week where it has experienced a 3.0% gain, moving from $67,814.15 to its current price….
Bitcoin Falls More Than 4% In 24 hours
Over the past 24 hours, Bitcoin’s (CRYPTO: BTC) price has fallen 4.55% to $69,889.00. This is opposite to its positive trend over the past week where it has experienced a 5.0% gain, moving from $67,664.82 to its current price. The…
Who Is Satoshi Nakamoto? Court Rejects Craig Wright’s Claim To Be Bitcoin’s Inventor
Judge James Mellor on Wednesday dismissed Craig Wright’s claim to be Satoshi Nakamoto, the enigmatic creator of Bitcoin (CRYPTO: BTC), concluding weeks of legal proceedings. What Happened: The Crypto Open Patent Alliance (COPA) brought the case against Wright, challenging his…
MicroStrategy Stock Moves Lower On Proposed Offering To Buy More Bitcoin
MicroStrategy Inc (NYSE:MSTR) shares are trading lower in Wednesday’s after-hours session after the company announced a proposed private offering. What Happened: After the market close on Wednesday, MicroStrategy announced that it intends to offer $500 million worth of convertible senior…