Category: Fiat

Bitcoin Taxes: Gaetz’s Bold Bill Could Revolutionize Payments

In a groundbreaking move that could reshape the intersection of cryptocurrency and government finance, U.S. Representative Matt Gaetz has put forth a bill proposing that Americans be allowed to pay their federal income taxes using Bitcoin. Introduced in the House of Representatives, this proposed legislation aims to amend the Internal Revenue Code of 1986 to […]

VanEck Hints at Ethereum ETF Launch: Is the Wait Almost Over?

VanEck’s recent regulatory filing hints that U.S. Ethereum ETFs might be just around the corner, with some experts speculating a launch within a week. The $89 billion investment manager submitted an 8-A form for the VanEck Ethereum Trust on Tuesday. This crucial document is necessary for corporations to issue specific types of securities on national […]

German Bitcoin Selloff: $170M Dumped Amid Market Volatility

In a significant move, German authorities have been unloading substantial amounts of Bitcoin, as on-chain analysis has shown. This latest round of selling comes on the heels of a previous sale of approximately $170 million worth of Bitcoin last week. Recently, the Federal Criminal Police Office (BKA) made a notable transfer of 400 BTC, roughly […]

Crypto Carnage: Bitcoin and Ethereum Liquidations Soar

The cryptocurrency market is enduring a brutal downturn this week, with approximately $191 million in crypto derivatives contracts being liquidated in the last 24 hours. Bitcoin (BTC) has borne the brunt of these liquidations, accounting for about $103 million. Ethereum (ETH) follows closely behind with $33 million in liquidations. This sharp rise in liquidations comes […]

Metaplanet’s Bold Bet: Issuing Bonds to Buy More Bitcoin

Metaplanet, the public Japanese firm that has been heavily investing in BTC since April. Late Sunday, Metaplanet announced plans to issue another 1 billion yen ($6.2 million) in ordinary bonds to purchase more Bitcoin. At current prices, this would add approximately 101 additional BTC to its balance sheet, supplementing its existing total of 141.07 BTC. […]

White House Rehires Pro-Crypto Advisor: A Policy Shift?

Biden Administration’s renewed engagement with crypto policy, the White House has rehired Carole House, a cybersecurity advisor who previously guided the president on his 2022 crypto-focused executive order. House, who advised President Joe Biden from 2021 to 2022 as a director on the National Security Council with a focus on cybersecurity and digital innovation, is […]

Riot Abandons Bitfarms Takeover: What’s Next?

Bitcoin mining giant Riot has announced its decision to abandon a months-long hostile takeover attempt of the Canadian mining firm Bitfarms—at least for now. Facing staunch opposition from Bitfarms and the implementation of a “poison pill” defense strategy by Bitfarms’ shareholders, Riot has decided to withdraw its bid to acquire Bitfarms at $2.30 per share. […]

Power Play: Hut 8 Nets $150M to Conquer AI—What’s Next?

North American Bitcoin mining firm Hut 8 has made headlines with a significant financial milestone, announcing a $150 million strategic investment from Coatue. This investment, structured as a convertible note, is set to catalyze Hut 8’s ambitious expansion into the AI infrastructure market. As the demand for AI compute capacity continues to rise, outstripping the […]