Grayscale Clarifies Investor Tax Implications of a Cash-Created Spot Bitcoin ETF
Grayscale, one of the biggest cryptocurrency asset management firms, has addressed the issue of taxation regarding the adoption of a cash creation model in an upcoming spot bitcoin exchange-traded fund (ETF). The firm clarified that “no spot…
Bitcoin Bull Run In Jeopardy? Analyst Finds Market Top Signals With BTC At $40,000
Bitcoin is walking back on some of its gains over the past few days. The number one cryptocurrency by market cap might be on the verge of a more significant retracement, which could push it back to the $30,000 zone. As of this writing, Bitcoin…
Grayscale CEO Foresees Spot Bitcoin ETFs Unlocking '$30 Trillion Worth of Advised Wealth'
In an appearance on CNBC today, the CEO of Grayscale Investments, Michael Sonnenshein, shared insights regarding the potential impact of a spot Bitcoin Exchange-Traded Fund (ETF) on the cryptocurrency market. Sonnenshein highlighted that a spot…
Bitcoin may remain under pressure for a few days, but a collapse is unlikely as traders are expected to buy the dips in anticipation of a spot Bitcoin ETF.
Adam Back States ‘You Can’t Stop JPEGs on Bitcoin,’ Proposes Block Size Increase to Host Inscriptions
Adam Back, CEO of Blockstream and legendary cryptographer, has acknowledged that inscriptions, media embedded directly on top of Bitcoin, cannot be stopped, stating that any action focused on this will only prompt users to do it in “worse…
Bitcoin.com’s VERSE Token Now Live on Polygon Network: A Leap Forward for Economic Freedom
Bitcoin.com, a pioneering force in making cryptocurrency more accessible, is excited to announce the successful deployment of its ecosystem token VERSE on the Polygon Network. Leveraging Polygon’s low-fee, high-performance architecture, this…
Dogecoin On-Chain Metrics Explode, Can DOGE Price Reach $0.2?
The Dogecoin price action has had quite a disinteresting year than most would expect from the biggest meme coin. Despite currently being up around 77% from its bear market lows of $0.053 in June 2022, the crypto has lagged compared to top…
Former Lido holder files class action lawsuit against Lido DAO for crypto losses
The investor claimed that 64% of Lido tokens are controlled by just a few venture capital firms, preventing ordinary investors from having any control over decisions.
The Witness Discount: Why Some Bytes Are Cheaper Than Others
This year has seen a massive upswing in demand for the limited space available within bitcoin blocks, leading to higher fees for on chain transactions. Much of the demand is for transactions revealing inscriptions. The contents of these…
EU Commission targets X over ‘dissemination of illegal content’
X owner Elon Musk told advertisers to “go f--- yourself” on Nov. 29 after many left the social media platform in response to antisemitic content and a report on hate speech.
An analyst has revealed the level of XRP might observe a pullback following the latest rejection in the cryptocurrency’s price. XRP Has Seen Rejection At Mid-line Of An Ascending Parallel Channel As explained by analyst Ali in a new post on…
Market Week in Review: Crypto’s Highs and Lows With ICP and SNX Leading the Charge and Retreat
Over the past week, bitcoin and ethereum experienced modest declines, ranging from 1.8% to 3.6%, when compared to the U.S. dollar. Concurrently, several crypto assets showcased impressive double-digit growth, with ICP, HNT, BONK, and WOO leading…
After a year of conflict between crypto companies and agencies like the SEC and CFTC, we can expect to see greater dialogue and progress on regulation in 2024, says Michael Selig, of Willkie Farr & Gallagher.
Spot Bitcoin ETF Applicant Bitwise Releases New Bitcoin ETF Commercial
Bitwise, the aspiring applicant for a spot Bitcoin ETF, has unveiled a captivating commercial aimed at advocating for it's upcoming Bitcoin Exchange-Traded Fund (ETF), if approved by the Securities and Exchange Commission (SEC). "A word to the…
Investors Flock To Stacks (STX) As It Gains 10% Against The Bears – Here’s Why
Although the market is experiencing an enormous pullback from its month-long rally, a few outliers continue on their upward march. Stacks (STX) is one of the few altcoins that stemmed the bearish tide and even went against the grain of the market…
It is hard to overstate how optimistic Bitcoin’s outlook for 2024 is. While many people may feel like they are too late (why didn’t I buy it under $100?), like they missed the opportunity, it has likely never been a better time to jump in. More…
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