Category: Bitcoin

Two crypto firms are partnering on a product that they say will allow Bitcoin (BTC) miners to deposit tax-free BTC into an individual retirement account (IRA). The Bitcoin mining marketplace Compass Mining says its miners can now use accounts from IRA provider Choice to avoid income taxes on their mining revenue in the short term

The U.S. Marshals Service (USMS) is hiring crypto custody firm Anchorage Digital to handle a trove of seized cryptocurrencies including Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The USMS is a law enforcement agency of the U.S. Department of Justice and a key part of the department’s Asset Forfeiture Program. The USMS’s Asset Forfeiture Division seeks

US Representative for North Carolina Ted Budd (R-NC) says that the US can adopt crypto-friendly regulations amid fear of the evolution of blockchain and decentralized finance (DeFi). In an interview on the Maker Speaker Series sponsored by DeFi protocol MakerDAO, the US lawmaker says that some of his colleagues in the House Financial Services Committee

US Senator Cynthia Lummis of Wyoming says the adoption of cryptocurrencies is being driven primarily by one thing. Senator Lummis says that a loose fiscal policy is working in favor of cryptocurrencies such as Bitcoin and is an “undesirable way” to popularize the asset class.   “Big [government] spenders are (accidentally) doing far more to

Both small and rich Bitcoin (BTC) traders accumulated the benchmark cryptocurrency en masse during the period when its prices rose from below $30,000 to over $40,000, signaling their confidence in the asset’s long-term bullish setup. The basis of the upside outlook came from Ecoinometrics, a crypto-focused newsletter service. It highlighted in its latest edition a flurry

At the same time that China has declared war on cryptocurrencies, giant American banks appear to be embracing crypto — evident the final week of July with the news that crypto firm Lukka will provide State Street Bank’s private fund’s clients with digital and crypto asset fund administration services. This follows forays into the crypto

Crytpo analytics firm Santiment says Bitcoin (BTC) whales are rapidly accumulating more of the flagship cryptocurrency. Santiment says large Bitcoin holders, or those who hold 100 to 10,000 coins, have added 130,000 BTC to their wallets in the past four weeks.   “Bitcoin’s whales have been staying busy, and addresses holding between 100 and 10,000

Bitcoin (BTC) is being aggressively bought up by institutional entities this week as data shows over-the-counter (OTC) trading volumes spiking. As noted by Dylan LeClair, co-founder of analytics and advisory firm 21st Paradigm, high net worth individuals have clear interest in Bitcoin at current prices. Investors ramp up BTC activity Citing data from on-chain monitoring

Renowned investor and co-founder of Mobius Capital Partners Mark Mobius says that the price of Bitcoin is at risk of breaking “lower” as more regulation causes enthusiasm for crypto to fade. In an interview with Bloomberg, Mobius predicts that an increasing amount of government attention comes down hard on the crypto sector.   “I’m afraid

Cryptocurrency analyst Justin Bennett is scrutinizing the decentralized supply chain management platform VeChain (VET), smart contract blockchain leader Ethereum (ETH), oracle protocol Chainlink (LINK) and crypto king, Bitcoin (BTC). Using VeChain’s past price history as a guide, Bennett suggests the asset may have hit a bottom as he traces a bullish path that – if