The IRS's proposal for implementing new reporting requirements on cryptocurrency service providers is concerning as it establishes a baseline for reporting based on the ability to collect customer information, even if there is no need to do so, further expanding the framework of financial surveillance in the U.S.
The new trading week faces challenges including earnings concerns, fears of rate hikes, and geopolitical tensions, all likely to impact the market, with stock futures indicating a lower market opening on Monday.
Bitcoin (BTC) is nearing its 2023 high at $31,805, with the possibility of further buying triggering a rally, despite risks such as the weakness in the S&P 500 Index and the rising 10-year Treasury yield.
Legislation on certain crypto policies in the U.S. is stalled as the country's legislative branch lacks leadership, preventing progress on crypto bills passed by the Financial Services Committee.
Tech company MicroStrategy's Bitcoin investment is now worth $4.8 billion, up over 160% since it started buying the cryptocurrency three years ago.
Minnesota GOP Rep. Tom Emmer is currently seen as the frontrunner to become speaker of the House among House Republicans, with a 23% chance according to one betting market.
Bitcoin mining stocks are rallying as the cryptocurrency continues to hold above $30,000, with Bit Digital, TeraWulf, Hut 8, and CleanSpark leading the pack, while the upcoming halving event could pose challenges for the mining industry.
Pennsylvania blockchain forensics firm CipherBlade has filed a lawsuit claiming that a group of employees executed a "hostile takeover" of the company and is seeking damages for misappropriation of trade secrets, unfair competition, and racketeering.
California legislators have proposed a bill to cap crypto ATM withdrawals at $1,000 per day and limit operators' fees to $5 or 15%, aiming to address high premiums and withdrawal limits and curb scams in the crypto ATM industry.
The price of Bitcoin is rising, benefiting micro strategy and its profitable Bitcoin holdings, while Coinbase is making a final plea to throw out the SEC's securities case against them, and Hong Kong's financial regulator has relaxed rules on the sale of spot products.
Software company MicroStrategy has seen its Bitcoin holdings turn profitable, with paper profits of $132 million, as Bitcoin's price surpasses $30,000, showing the success of the firm's cryptocurrency-buying strategy since 2020.
Bitcoin (BTC) remains above $30,000 as analysts suggest that its strength could override bearish trends, with indicators such as the True Market Deviation and potential approval of a Bitcoin spot-price based exchange-traded fund (ETF) signaling a positive market sentiment.
An entity has moved $144M worth of BTC from a wallet linked to the defunct darknet marketplace Abraxas to a coin mixer, resulting in concerns about money laundering.
The growing demand for security in the decentralized finance and Web3 landscape has led to the emergence of a diverse ecosystem of Web3 security expertise, including blockchain analysis, to ensure the safety of this dynamic digital space.
The white paper outlines a new paradigm called BIT VM that aims to bring Ethereum-style smart contracts to the Bitcoin network, with the goal of addressing Bitcoin scalability by enabling millions of transactions per second and bridging Bitcoin to side chain systems or other feature-rich systems. While BIT VM is not as expressive as Ethereum, it leverages tricks to overcome the limitations of Bitcoin script and mimic Ethereum's capabilities. The hope is to see the first experimental use cases by the end of the year.
The decentralized oracle network Chainlink has seen a surge in whale transactions, active addresses, and trading volume, reaching three-month highs as the digital asset gains momentum.
Chinese oil and gas company PetroChina has conducted the first international crude oil trade using China's central bank digital currency, the e-CNY.
Crypto mining stocks, including Marathon Digital Holdings Inc (MARA) and Riot Platforms Inc (RIOT), are rising as Bitcoin's price increases, driven by positive developments such as the SEC dismissing claims against Ripple's CEO and continued optimism surrounding a potential spot ETF.
Bitcoin reached its highest level since mid-July as speculation grows over the approval of a spot Bitcoin ETF in the U.S., with the cryptocurrency up 2.2% and making up 49.6% of the overall crypto market, according to CoinGecko.
Bitcoin is in high demand from institutional investors, with a blockchain executive at Ernst & Young stating that a spot Bitcoin ETF approval is needed to trigger a buying rally and unlock trillions of dollars in institutional money.
Cryptocurrencies such as Dogecoin, Bitcoin, Ethereum, Polkadot, and Ripple experienced gains during morning trading, while shares of crypto-related companies like Coinbase, MicroStrategy, Riot Platforms, and Marathon Digital Holdings also saw increases.
Coinbase will present its final arguments to a judge, asserting that the SEC lacks evidence to show that its transactions were unregistered securities and that the agency's regulation of the crypto industry violates the "major questions doctrine." The outcome of the case could have significant implications for the future of digital assets in the US.
Cryptocurrency exchange Bitget has launched a multiparty computation (MPC) wallet, utilizing distributed key generation and password-based authentication to enhance security and user experience.
MicroStrategy's bitcoin holdings, which were previously in the red, have become profitable as prices near $31,000, with the company's holdings of 158,245 bitcoins amounting to a gain of roughly $160 million.
Marinade Finance, the largest DeFi protocol on Solana, has blocked users in the UK due to compliance concerns with FCA regulations, following a trend of centralized and decentralized crypto businesses restricting access to UK users.
Bitcoin strengthens as its trading volume surges, reaching the third-highest level in the last 60 days, driven primarily by bitcoin trading; Hong Kong eases restrictions on the sale of spot products to professional investors, potentially paving the way for spot bitcoin exchange-traded funds (ETFs); The first-ever coins released by Uniswap creator Hayden Adams, called HayCoin (HAY), are now trading at over $3 million per token after Adams burned the majority of the token supply.
Bitcoin miner Bit Digital (BTBT) is diversifying its revenue stream by entering the artificial intelligence infrastructure business, with a new unit that will buy and rent out high-performance computers to AI companies, generating over $250 million in additional revenue over three years.
Bitcoin and other major cryptocurrencies are experiencing a sudden surge in price as BlackRock and JPMorgan lay the groundwork for the next bitcoin bull run, with analysts suggesting that the crypto winter may be over and a "huge shift" in the market is imminent.
Retail investors have a unique opportunity to own cryptocurrency assets before institutional investors, according to macro guru Raoul Pal, who likens the risk curve of digital assets to traditional assets during tough market times and describes Ethereum as the larger "nation state" in the crypto economy.
Mining stocks have significantly outperformed Bitcoin this year, with the average return of the top public mining companies standing at 148.59%, compared to Bitcoin's 84.61% increase, due to higher beta and increased revenue from Bitcoin mining activities and new use cases like Ordinals. However, mining firms are preparing for the upcoming halving event, which may pose challenges to their profitability and business models.
Blockchain security startup Blockaid has raised $33 million in Series A funding, led by Ribbit Capital and Variant, to scale its technology that prevents malicious transactions, and has announced partnerships with customers including MetaMask and OpenSea. Blockaid's security platform has scanned 450 million transactions in the past three months, thwarting 1.2 million malicious transactions and protecting $500 million in user funds. The funding will be used to further develop its blockchain security offering.
Cardano (ADA) price has reached a 14-day high of $0.27 as whale investors make $30 million capital inflows, potentially pushing the price above the psychological resistance of $0.30.
Blockaid, a Tel Aviv-based startup, has raised $33 million in a Series A funding round to develop its security solution that scans blockchains for wallets held by bad actors and warns customers not to transact with them, aiming to shield ordinary users from scams and hacks in the crypto industry.
Institutional crypto products saw positive investments for the fourth consecutive week, with $66 million invested, primarily in Bitcoin, according to a report by CoinShares, signaling excitement over a potential Bitcoin ETF launch in the US. Solana was also favored among altcoins, while Ethereum experienced outflows attributed to concerns over centralization and increasing validator size.
Bitcoin and other cryptocurrencies are surging as investors anticipate the approval of spot Bitcoin exchange-traded funds by regulators.
Thailand's launch of a digital money program aimed at stimulating the economy has been delayed, while opposition leaders call for an investigation into the scheme.
The United States Securities and Exchange Commission (SEC) is unlikely to win its appeal against Ripple in the ongoing lawsuit, with a slim chance of success estimated at only 3%, according to lawyer Bill Morgan who has been closely following the case.
FTX cryptocurrency exchange founder, Sam Bankman-Fried, is being portrayed negatively in his fraud trial, with unflattering depictions going unchallenged by his defense lawyers. This could potentially impact the jury's perception of him and increase the likelihood of a conviction.
Uniswap creator Hayden Adams burned 99.99% of the HayCoin tokens, leaving only 4.4 tokens in circulation, which are now trading at over $3 million per token.
The native token of the Chainlink decentralized oracle network platform, LINK, is leading the market with a bullish start, attributed to the growing popularity of its Cross-Chain Interoperability Protocol (CCIP) and its integration with major financial institutions.
Hong Kong's financial regulator has expanded the sale of spot products to a wider range of clients, allowing intermediaries to offer services to non-professional investors, while still avoiding overseas virtual-asset products due to their complexity and risk.
Worldcoin's project involves switching operator rewards from USDC stablecoins to WLD tokens, thereby increasing the tokens' circulating supply and allowing more users access to them.
Bitcoin (BTC) is experiencing a resistance battle as it approaches 2023 highs and traders are cautious about lofty price predictions and the potential impact of macroeconomic data and geopolitical events on the cryptocurrency.
The r/CryptoCurrency community on Reddit fired moderators who traded the subreddit's native token, MOON, just minutes before Reddit announced the end of its "Community Points" program, causing backlash and calls for regulatory action.
Cryptocurrencies are under scrutiny for their potential role in terrorist financing, but experts believe that crypto is only a small portion of illicit finance, which includes scams, ransomware, and theft.
The value of Bitcoin surged to around $30,000, driven by optimism for SEC approval of ETFs and positive market sentiment following the dismissal of charges against Ripple executives; comparing the performance of Bitcoin mining stocks, Marathon Digital Holdings and Riot Platforms, shows that Riot has had better returns over the past 9 months.
BlackRock CEO Larry Fink has shifted his stance on Bitcoin, going from being a crypto skeptic to embracing it as a mainstream asset class.
Former President Donald Trump's Ethereum holdings have increased by $91,000 since the launch of his NFT collection in December 2022, with his current wallet holding a total of 1,553 ETH, fueled by the surge in the price of Bitcoin and Ethereum and optimism in the cryptocurrency market.
Bitcoin (BTC) reached three-month highs, surpassing $30,000 and approaching key resistance levels, while altcoins also experienced significant gains, signaling a potentially bullish market.
Worldcoin plans to start paying its Orb Operators with its native token, Worldcoin (WLD), instead of USD Coin (USDC) starting next month.