Crypto community reacts to Biden’s proposed crypto tax reporting rules

Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States President Joe Biden.  On Aug. 25, to catch crypto users avoiding taxes, the Internal... Read more »

Tokenization is a life-saving pill for global finance’s diversity problem

When the subject of financial markets and their future is raised, the implementation of blockchain technology and tokenization of assets gets mentioned a lot. In light of the progressing digitization of many... Read more »

Tether CTO stays silent on Bitcoin mining locations

Paolo Ardoino, chief technology officer of stablecoin issuer Tether (USDT), recently found himself addressing rumors about images of large industrial containers online. These speculations led him to rejecting questions about where Tether is... Read more »

Dropbox drops unlimited storage plans, citing abuse by crypto miners

Cloud storage provider Dropbox has announced a it would discontinue its “unlimited” storage policy offered under its Dropbox Advanced plan and will replace it with a metered model to better manage the... Read more »

JPMorgan forecasts limited downside for crypto markets: Report

The cryptocurrency market’s recent downtrend appears to be coming to an end, as JPMorgan’s latest research suggests that most long-position liquidations have been completed. According to a Bloomberg report, analysts for the... Read more »

Pepe founder blames ‘nefarious ex-team members’ for unexpected $16M withdrawal

On Aug. 24, 16 trillion Pepe tokens (PEPE), worth around $15.7 million at the time, were unexpectedly withdrawn from the project’s multi-signature centralized exchange wallet. An anonymous founder of the meme coin... Read more »

Bitcoin velocity hits lows last seen before Q4 2020 BTC price breakout

Bitcoin (BTC) on-chain activity is at levels last seen before its run to 2021 all-time highs, data shows. In an X (formerly Twitter) post on Aug. 25, Ki Young Ju, CEO of... Read more »

Robinhood accumulated $3B in Bitcoin in 3 months — What does this mean for markets?

In a swift and intriguing turn of events, a previously enigmatic Bitcoin (BTC) address managed to catapult itself to the esteemed position of the third-largest holder of BTC. As reported by Cointelegraph... Read more »

How Bitcoin’s falling reserve risk counters its price decline

Last week, Bitcoin’s price dropped from $29,400 to a low of $25,000. While this decline might appear modest given Bitcoin’s historical volatility, it signifies a notable departure from the tight trading range... Read more »

Wen moon? Bitcoin halving cycle hints at Q4 as smart money ‘buys the rumor’

Bitcoin (BTC) is “much more likely” to stay rangebound until at least Q4, 2023, according to longtime market participant Filbfilb. In an X thread on Aug. 25, the popular analyst and co-founder... Read more »