Tag: Cryptocurrency regulations
Genesis Trading Returns $3 Billion to Customers, Transfers 32,256 BTC
Genesis Trading recently completed a significant transfer of assets, moving 32,256 BTC valued at $2.12 billion and 256,775 ETH worth about $838 million to various addresses. This transfer is part of the company's efforts...
France Launches MiCA Application Process, Leading EU’s Largest Economies
France has taken a significant step in the world of cryptocurrency by launching the MiCA application process, making it the first major European Union economy to do so. The French markets regulator, Autorité des...
CleanSpark’s Bitcoin Treasury Grows by 567% Since 2023
CleanSpark, a public Bitcoin miner in the US, has seen a significant increase in its Bitcoin treasury, growing by 567% since 2023. The company reported mining 494 BTC in July 2024, with a total...
CleanSpark expands Bitcoin mining operations with first site acquisition in Wyoming
CleanSpark, a Nasdaq-listed BTC miner, has expanded its Bitcoin mining operations by acquiring its first site in Wyoming. The company has executed 75 megawatts of power contracts, with 30 MW allocated for the first...
Bitcoin Airdrops: U.S. Government’s Political Influence on Protocol
Last week's Bitcoin Nashville conference made waves in the crypto world as former U.S. President Donald Trump and Senator Cynthia Lummis made significant statements regarding Bitcoin. Trump suggested using the government's existing holdings of...
Cryptocurrency Market Analysis: Bitcoin, Ethereum, Solana Updates & Trends
After a period of stagnation in the cryptocurrency market, Bitcoin, Ethereum, and Solana saw a significant rebound towards the end of last week. Ethereum managed to recover from around $3,000, while Bitcoin and Solana...
OKX Establishes Malta as MiCA Hub to Cater to 450 Million EU Residents
Cryptocurrency exchange OKX has recently announced that it has chosen Malta as its Market in Crypto-Assets (MiCA) hub in order to cater to the 450 million residents of the European Union. This strategic decision...
U.S. Treasury Announces Crypto Tax Rules for 2025, Delays Non-Custodian Regulations
The U.S. Department of the Treasury's Internal Revenue Service has announced new tax rules for cryptocurrency transactions that will take effect in 2025. Crypto brokers will be required to file 1099 forms similar to...
Fireblocks Enhances Crypto Custody Services with ‘One-Click’ Audits and Tax Reporting
Fireblocks, a cryptocurrency custody firm, has announced a new partnership with Tres, a startup specializing in accounting, auditing, and tax reporting for digital assets. This collaboration will enable Fireblocks' clients to easily generate audit-ready...
Long-Tail Crypto Trends: A Comprehensive Guide for Disruption
The crypto market in 2024 has seen a new cycle of adoption kick off, driven by the approval of Bitcoin ETFs and strong price momentum that propelled bitcoin to a new all-time high. This...