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The Netherlands is considering a tax on unrealized gains from cryptocurrencies, which has sparked debate among lawmakers and the public. Currently, the country's tax system taxes assets based on their value as of January 1 each year, which could include unrealized crypto gains. Critics argue that taxing unrealized
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Tom Lee, co-founder of Fundstrat Global Advisors, predicts that 2024 will be a pivotal year for Ethereum, driven by increased institutional interest and potential regulatory clarity. His optimism comes as BitMine, a cryptocurrency mining company, has announced its purchase of a significant amount of ETH, signaling confidence in the asset
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Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, has seen its stock price plummet following the departure of several key executives. The company is undergoing significant leadership changes, which have raised concerns among investors about its stability and future direction. This shakeup comes amid a challenging regulatory environment for
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Bitcoin remains below the $70,000 mark, currently trading around $68,000. The cryptocurrency's negative funding rate has raised concerns among investors, signaling potential bearish sentiment in the market. This funding rate indicates that short positions are being favored, which could lead to further downward pressure on Bitcoin&
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Dragonfly Capital has successfully closed a $650 million fund, despite a challenging environment for cryptocurrency venture capital. The new fund will primarily focus on investing in real-world assets, aiming to bridge the gap between traditional finance and the crypto space. This move reflects a strategic shift as the firm seeks
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CFTC Chair Rostin Behnam has reaffirmed the agency's commitment to protecting prediction markets from state-level legal challenges. He emphasized the importance of these markets for price discovery and risk management in the cryptocurrency sector. Behnam's stance comes amid increasing scrutiny and regulatory actions against digital assets.
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A phishing campaign targeting hardware wallet owners has emerged, utilizing physical mail to deceive recipients. The attackers send fraudulent letters that appear to be from legitimate hardware wallet manufacturers, urging users to take actions that could compromise their security. These letters often contain links or QR codes leading to phishing
Cysic and Cardano are in a dispute over the future of decentralized computing, highlighting challenges related to hardware requirements. Cysic argues that the current infrastructure is inadequate for scaling decentralized applications effectively. In contrast, Cardano emphasizes the importance of a robust and accessible hardware ecosystem to support its blockchain'
A U.S. Congressman has urged for a review of the federal government's support for autonomous vehicle development overseas. He expressed concerns that American taxpayers' money might be funding foreign companies instead of supporting domestic innovation. The Congressman highlighted the importance of ensuring that investments in autonomous
Bitcoin Cash (BCH) experienced a decline of 2.2%, contributing to a broader downturn in the CoinDesk 20 index. The index, which tracks the performance of major cryptocurrencies, saw a general decrease across several assets. This drop in BCH reflects ongoing volatility in the cryptocurrency market. Investors are closely monitoring
Harvard University has sold a portion of its Bitcoin holdings to acquire Ethereum. This move marks a significant shift in the university's cryptocurrency investment strategy. The decision reflects a growing trend among institutional investors to diversify their crypto portfolios. Harvard's endowment, one of the largest in
Gemini's stock has dropped significantly following the departure of its Chief Operating Officer, Chief Financial Officer, and Chief Legal Officer, just months after the company's initial public offering (IPO). This leadership shakeup raises concerns about the company's stability and future direction. The executives'
A recent report from CryptoQuant reveals that Binance holds 65% of the reserves for centralized exchange (CEX) stablecoins, highlighting its significant influence in the market. The data indicates a decrease in stablecoin outflows, suggesting a stabilization in the crypto market. This concentration of reserves raises concerns about potential risks associated
Monad has announced the hiring of several high-profile executives from notable companies in the crypto space, including FalconX, BVNK, and Optimism. This strategic move aims to bolster Monad's leadership team and enhance its operational capabilities. The new hires bring extensive experience and expertise, which the company believes will
On October 3, 2023, Bitcoin experienced a significant price drop, falling below $26,000 amid market volatility. Ethereum also faced declines, with its value dipping to around $1,600. The overall cryptocurrency market capitalization decreased, reflecting a broader trend of bearish sentiment among investors. Additionally, regulatory developments in the U.
Kraken, the cryptocurrency exchange, has announced its support for the establishment of "Trump Accounts" aimed at Wyoming newborns. These accounts are designed to allow parents to invest in cryptocurrencies on behalf of their children from birth. The initiative is part of a broader effort to promote financial literacy
Steak 'n Shake reported a significant increase in sales over the past nine months, attributing this boost to the acceptance of Bitcoin as a payment method. The fast-food chain noted that the integration of cryptocurrency has attracted a new customer base and enhanced overall revenue. Steak 'n Shake&
Agant CEO has expressed concerns that the UK's current cryptocurrency regulations are too slow and inadequate to support the country's ambitions of becoming a global crypto hub. The CEO highlighted the need for more agile and adaptive regulatory frameworks to attract investment and innovation in the
Steak ’n Shake has reported a significant increase in sales attributed to its adoption of Bitcoin as a payment option. The fast-food chain noted that the integration of cryptocurrency payments has attracted a new customer base and enhanced overall transaction volumes. This move aligns with a growing trend among restaurants