senate

09

Aug

Unchanged crypto tax bill will be put to a vote on Tuesday

Senate talks regarding the controversial crypto provisions to the U.S. infrastructure bill have ended without amendment, suggesting the original bill will be voted on come Tuesday. The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation, and will impose broad third-party reporting requirements on any crypto firm deemed to comprise a “broker.” […]

crypto

09

Aug

The history of Bitcoin: When did Bitcoin start?

On Oct. 31, 2008, an anonymous individual who went by the name of Satoshi Nakamoto published a white paper detailing a design for a “peer-to-peer electronic cash system,” a global financial infrastructure based on cryptographic proof instead of trust. Over a decade later, cryptocurrencies are now being discussed regularly in the context of global economic policy, with[…]

BTC Chart

09

Aug

Bitcoin can’t be viewed as an untraceable ‘crime coin’ anymore – Here’s why

Yes, some criminals use Bitcoin, but the innovation behind this technology improves the financial system. Cryptocurrency is a new technology that has entered the common discourse, setting the stage for a complete upheaval of our long-established financial systems. Of course, some skepticism is unavoidable. Crypto’s association with criminality adds to this shared sense of skepticism. There is[…]

White house

06

Aug

White House to support minor changes to crypto tax proposal

The crypto community is rallying against an amendment to the U.S. infrastructure plan that would maintain strict reporting requirements for developers and validators while exempting miners. The crypto community is pushing back against amendments to the crypto provisions of the White House’s infrastructure plan — which seeks to raise $28 billion for infrastructure funding through expanded taxation on crypto[…]

crypto

06

Aug

Ohio Senator supports crypto amendment

The senator’s stance is somewhat surprising, given that he previously called the section on brokers in the proposed bill a “common-sense provision.” Senator Rob Portman, one of the lead Republican voices for negotiations over an infrastructure bill in the United States Senate, said he supports an amendment clarifying the intent of a cryptocurrency provision. In a tweet[…]

usd/btc

06

Aug

JPMorgan now offers clients access to six crypto funds

JPMorgan now offers access to six different crypto funds from GrayScale, Osprey Funds and NYDIG. JPMorgan Chase quietly opened up access to six crypto funds over the past three weeks as it looks to offer crypto exposure to a variety of clients. In the latest move, the bank’s private clients will now have access to a new Bitcoin[…]

Venezuela

06

Aug

Venezuela to launch CBDC in October

The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use. The Central Bank of Venezuela will launch a CBDC in October alongside a monetary redenomination that will cut six zeros from the currency due to raging inflation. As of Oct. 1, the digital bolivar[…]

chinese flag flowing

04

Aug

China crypto crime: Still ‘ranked top’ for illicit activity

Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021. A new report from Chainalysis has found that while China’s share of global criminal crypto flows has been falling since the third quarter of 2019, the country still represents a disproportionate amount of money[…]

BTC Chart

04

Aug

Bitcoin price indicator shows Pro traders buying each dip

Derivatives data shows Bitcoin whales added to their leveraged positions after BTC price topped out at $42,600. Bitcoin (BTC) might have failed to sustain the $42,000 support, and for many, this is a slightly bearish sign. Interestingly, the downward move occurred shortly after Saudi Aramco, KSA’s largest oil exporter, denied claiming to start mining Bitcoin. Top traders at[…]

04

Aug

WhatsApp photos and videos can now disappear after a single viewing

WhatsApp said that it would soon let users send disappearing photos and videos and this week the feature will be rolling out to everybody. Anyone using the Facebook-owned messaging app can share a photo or video in “view once” mode, allowing a single viewing before the media in question goes poof. Media shared with “view once” selected will show[…]

google

04

Aug

Google allowing crypto ads as new policy goes into effect

Under the new Google policy that went into effect on August 3, advertisers offering cryptocurrency exchange and wallet services are once again allowed to market their products. Google is running crypto ads again after its updated financial products and services policy went into full effect on August 3. The multinational giant banned crypto and Initial Coin Offering (ICO) related[…]

bitcoin

03

Aug

Bitcoin chart suggests price will rally to $80K by September

Calls for a doubled-up Bitcoin price rise as the cryptocurrency paints ten green candles in a row. While Bitcoin’s (BTC) price has slipped by more than 8.2% after rising to $42,230, the 43.5% rally included 10 consecutive days of gains. But despite BTC currently trading at around $39,700 as of Aug. 2, some analysts anticipate that it[…]

chinese flag flowing

03

Aug

China’s attempt to kill Crypto failed — Here’s why

Bitcoin’s hashrate recovery, steady peer-to-peer markets and the steady volume exhibited by Asia-based exchanges suggest that China’s attempt to ban BTC was ineffective. Bitcoin (BTC) might have suffered its largest coordinated attack over the last couple of months, but in this instance, the investor community did not capitulate. China outright banning mining in most regions after giving BTC miners[…]