Day: April 20, 2024

Bitcoin Enters New Era Post-Halving

The recent Bitcoin halving event has marked the beginning of a new chapter in digital scarcity, with the blockchain’s programmed reduction cutting the miners’ reward by half. This adjustment occurred at 8pm ET last Friday, reducing the reward to 3.125 BTC per block, a change that will persist until approximately 2028. This halving, a process […]

Bitcoin Stabilizes Post-Halving Event

The much-anticipated Bitcoin halving event, which occurred on April 20th, concluded with less fanfare than expected. Despite the surrounding hype and market speculations, Bitcoin’s price has remained relatively stable. The leading cryptocurrency is currently valued at $64,041, marking a 5% decline over the past week, with no significant price movement in the 24 hours following […]

SBF Agrees to Settle, Aid Case Against Celebs

Sam Bankman-Fried, the former CEO of FTX, has agreed to settle a civil lawsuit with a group of investors. The settlement involves Bankman-Fried’s cooperation in ongoing litigation against various celebrities who promoted the cryptocurrency exchange, which collapsed in 2022, leading to substantial financial losses. The settlement documents, submitted to a Miami court for approval, outline […]

Grayscale Launches New Low-Fee Bitcoin Mini Trust

Grayscale Investments has unveiled its latest financial innovation, the Bitcoin Mini Trust, set to be listed on the NYSE Arca with the ticker symbol BTC. This new fund emerges as a strategic manoeuvre to offer a more cost-effective investment option in the digital asset space, boasting an impressively low fee rate of just 0.15%. Introduced […]

IRS Drafts New Crypto Tax Reporting Rules

The Internal Revenue Service (IRS) has unveiled a preliminary version of Form 1099-DA, aimed at brokers and exchanges involved in digital asset transactions. This early release offers a glimpse into potential categorizations and reporting obligations for various operators within the cryptocurrency sector. The draft highlights distinct types of brokers including kiosk operators, digital asset payment […]