Tag: Crypto
Pennsylvania House of Representatives Passes Crypto Regulation Bill: What You Need to Know
The Pennsylvania House of Representatives recently passed a bipartisan bill focused on regulating bitcoin and other digital assets. This bill, known as House Bill 2481 or the Bitcoin Rights bill, aims to provide clarity...
Exploitation of US Government-Linked Address for Over $20 Million in Cryptocurrency
A hacker has potentially stolen more than $20 million in cryptocurrency from a US government-controlled wallet connected to the infamous 2016 Bitfinex hack. The suspicious transfers, which took place on Oct. 24, have raised...
Ripple CEO Positive About Crypto Future After Election Regardless of Outcome
Brad Garlinghouse, the CEO of Ripple Labs, is feeling positive about the future of cryptocurrency in the United States post-election, regardless of which political party emerges victorious. He expressed his optimism during DC Fintech...
Defending Crypto Enforcement Approach: SEC Chair Gensler’s Response
SEC Chair Gary Gensler recently defended the agency's enforcement approach to crypto during an interview, addressing criticism of the SEC's regulatory methods. Despite concerns that the SEC's reliance on enforcement may hinder innovation and...
Is Bitcoin’s Rally Failing as Price Dips Below $67K?
Bitcoin faced a setback as its price dipped below $67,000 after failing to break the $70,000 level during early Monday trading hours in Asia. The price of bitcoin dropped by 2.3% over the past...
Adapting Data Centers for the Future of Crypto
The rise of Bitcoin and the subsequent growth of the crypto industry have had far-reaching implications, including the evolution of data center infrastructure to support blockchain networks. As the sector continues to expand, the...
Fed Rate Cut Continues to Support Crypto Market Growth
Last week's inflation report had little impact on the Federal Reserve's decision to continue cutting rates. Recently, the yield on 10-year U.S. Treasury bonds has increased from 3.6% to 4.1%, driven by quant-driven fund...
Understanding Bitcoin’s Price Volatility for Financial Advisors
In today's issue, we will discuss the recent fluctuations in the price of Bitcoin and how financial advisors can assist their clients in navigating this volatile market. Andy Baehr from CoinDesk Indices will provide...
Italy Increases Capital Gains Tax on Crypto to 42%: Latest Updates
Italy's Deputy Finance Minister, Maurizio Leo, has announced that the government plans to increase taxes on capital gains from cryptocurrencies such as bitcoin to 42%, up from the previous rate of 26%. This decision...
Analyzing Trump’s Cryptocurrency Efforts: Praise, Concerns, and Red Flags
Former President Donald Trump has shown strong support for the cryptocurrency industry, which has caught the attention of many voters as the 2024 presidential election approaches. Trump's promises to make the U.S. the "crypto...
