Redditor up 25% after boldly taking out $59K worth of personal loans to buy BTC
So far they have accrued 2.65 BTC at an average price well under the current level of around $30,000 for 1 BTC.
Posts published on June 30, 2023 go to media archive 1/4
US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe
Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a U.S. judge requiring the release of customer data to the Internal Revenue Service (IRS). The court filing, submitted on Friday, states that the IRS…
Veteran Trader Peter Brandt Urges Federal Reserve to Raise Interest Rates Another 100 Basis Points
Veteran trader Peter Brandt has urged the U.S. Federal Reserve to stay hawkish and increase interest rates another 100 basis points to protect the nation’s wealth. He stressed that there is nothing more destructive to wealth than inflation…
Investors still waiting on $1.9M refund Logan Paul promised six months ago: CoffeeZilla
Coffezilla asserted that the refund process should be quite easy to sort while the financial implications aren't an issue for someone as wealthy as Logan Paul.
Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate Hikes
Here’s What Caused Bitcoin’s Flash Crash To $29,000
Bitcoin had been trending over $31,000 for the better part of Friday after reclaiming this support level from the bears. However, this did not last long as the digital asset saw a flash crash that sent its price spiraling toward the $29,000 level…
Slovakia to Lower Tax on Income From Crypto Holdings
Lawmakers in Slovakia have adopted legislation that will reduce the tax burden for cryptocurrency holders in the country. Income derived from long-term investments in digital assets will also be relieved from healthcare taxes, the parliamentarians…
FedNow “early adopter” list contains no blockchains, but some may integrate later
Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers.
Crypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3
The special purpose acquisition company deal, first reported in August 2022, cost $885 million and is expected to allow investors exposure to Bitcoin Depot’s common stock.
Azuki Is Rebuilding After Its Elementals Mint Mishap
Azuki’s latest expansion of its NFT ecosystem missed the mark, while Candy Digital and Palm NFT are merging together to create a superpowered NFT production studio. Also, Warner Music Group and Polygon are launching a blockchain music accelerator…
Crypto Biz: Binance’s chaotic June, miners gear up for halving, Bitfinex’s Latam expansion
This week’s Crypto Biz looks at the story behind Binance’s debanking in Australia, Bitcoin miners preparing for the next halving, and Bitfinex’s expansion in Latin America.
Court Orders Kraken to Turn Over History Transaction and Account Information to IRS
A federal court ordered crypto exchange Kraken to turn over account and transaction information to the IRS, which said it needed that information to see if any of the exchange's users had underreported their taxes.
Harry Styles Concert App Takes Fans in More Than One Direction With Blockchain Rewards
At a recent concert, 5,000 of the pop star’s fans opened digital wallets through the EVNTZ app, paving the way for future blockchain-based rewards.
Coinbase Will Be Fidelity's Surveillance Partner for Bitcoin ETF, Refiled Application Says
Cboe's BZX Exchange named crypto exchange Coinbase as the market for its surveillance-sharing agreement when it refiled its bitcoin exchange-traded fund application on TKday.
Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch
In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the central…
$656M lost from crypto hacks, scams and rug pulls in H1 2023: Report
Approximately $215 million of stolen assets have since been recovered.
Over $204M lost to DeFi hacks and scams in Q2: Finance Redefined
The top 100 DeFi tokens didn’t see much change in price over the past week, with the majority posting minor weekly gains.
Azuki Teases Anime Series, New Artwork After Missing the Mark on Elementals Mint
The team behind Azuki discussed ways to rebound after its community was left frustrated by the new Elementals NFT collection.
Compound (COMP) Blasts Off With 113% Rise In Two-Week Rally, What’s Behind The Surge?
Compound (COMP) has recently surged with a staggering 113% rise in just two weeks, and the reason behind the rally has been the talk of the crypto community. DeFi Ignas, a decentralized finance (DeFi) researcher, has analyzed the recent…
Polygon proposes architecture for ‘Polygon 2.0,' including aggregator bridge
The forthcoming multichain system will use zk proofs to transfer assets between networks.
Crypto VC is struggling only from a North American perspective — Animoca Brands CEO
Speaking with Cointelegraph at the Collision Conference, in Toronto, crypto veteran Yat Siu outlined how crypto firms can cope with unique environments, stressing that it is not "as bad as it sounds".
Applied Digital Stock Surges 12% After Announcing Its Third AI Deal
Applied Digital will be deploying HPE's Cray XD supercomputers in its AI cloud service.
VLS Beta For Major Security Enhancement Of Lightning Nodes Released
In a significant development for the Bitcoin Lightning Network, the Validating Lightning Signer (VLS) beta release has been announced, aiming to address the growing security concerns within the network. The VLS solution, an open-source Rust library…
Litecoin Breaks Psychological Barrier But Remains in Bearish Territory: What Lies Ahead?
The recent surge in Litecoin (LTC) price propelled it to reach a significant psychological level of $100. This upward movement has provided a bullish boost and allowed the altcoin to register gains in recent trading sessions. However, despite this…
Biden Pledges to Eliminate Tax Loopholes for Crypto Traders — Vows to Make US Tax System Fair
Crypto Miner Hive Blockchain Touts Privacy of AI Models Running on Its GPUs
Hive wants to provide enterprise AI training in its fleet of GPUs.
South Korean crypto lending firm Delio under investigation by regulators
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month.
Celsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH
Court documents from last November give a rough picture of the lender’s altcoin holdings.
Bitcoin Price Takes A Hit As SEC Deems Spot ETF Filings ‘Inadequate’
The US Securities and Exchange Commission (SEC) has reportedly told exchanges Nasdaq and Cboe that recent filings for spot Bitcoin (BTC) exchange-traded funds (ETFs) from asset managers including BlackRock and Fidelity were not “clear and…
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 SHA256 hashrate to the…