New proposed tax changes have the potential to shake up the DeFi space for U.S. investors.
The U.S. has achieved a (unfortunately accurate) reputation as a legal and regulatory landscape that is not particularly open and receptive to cryptoassets and crypto innovation. Antagonistic relationships have taken the form of lawsuits, lack of authoritative reporting and accounting standards, and a general stand-offish position toward the sector. Ta...
Bitcoin has been relatively flat this year, stuck between bull and bear rallies but trading within a range. While far off from COVID-19 highs, it is nowhere near the lows when bitcoin touched just above $16,000 USD per 1 BTC after the fallout of cryptocurrency exchange FTX failing.
The halving is traditionally a price-boosting event for bitcoin. Halving is when the reward for miners is reduced in half, so less bitcoin is available. This hap...
Bitcoin
BTC
saw an impressive surge of 11.5%, topping $35,000, with the digital currency trading at $34,240 as of Tuesday morning in London. This marks a 109% year-to-date rebound after the 2022 market slump. Fueling this optimism is the anticipation of the U.S.'s first spot bitcoin ETF, with asset management giants BlackRock
BLK
and Fidelity Investments at the forefront.
A U.S. federal appeals court recently formalized a victory for...
For someone so obsessed with expected value calculations, Sam Bankman-Fried has proven to be astonishingly inept.
The prosecutors say he gambled with FTX customers’ money in his own casino. He clearly gambled on not being caught. He gambled that his own testimony would miraculously clear him of a mountain of damning evidence.
The month-long criminal trial in a NYC federal court of the FTX founder, accused of multiple counts of fraud and mon...
Arkham Intelligence has created a marketplace that allows people to buy and sell blockchain data. That’s bad news for the anonymity-loving world of cryptocurrencies.
By Nina Bambysheva, Forbes Staff
“Deanonymization is destiny.” For Arkham Intelligence, an Austin-based startup specializing in blockchain data, this thesis, proclaimed on its website, is inevitable. “Eventually, everyone's blockchain identity will be linked to their real-world id...
Tether Holdings, the issuer of the tether (USDT) stablecoin, announced on its website last week that it earned more than $1 billion of “operational” profit in Q2, a gain of 30% from the preceding three months. In Q1 Tether reported that its “net” profit was $1.48 billion.
Tacking on 30% would presumably bring “net” profit for the quarter that ended on June 30 to $1.92 billion. But read carefully, Tether did not report “net” profits in its la...
09/04 update below. This post was originally published on September 03
Elon Musk, the Tesla
TSLA
billionaire who embarked on a mission to transform Twitter into the X "everything app" last year, has been eyeing a major "PayPal update" that could cause bitcoin and crypto price chaos.
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The bitcoin price rally ...
