New York is considering a new tax on cryptocurrency transactions, and it’s causing a stir. A proposed 0.2% tax on all crypto and NFT trades could have major consequences. A Small Tax, Big Impact? Assembly Bill 8966 would slap a 0.2% tax on every crypto transaction in New York, from Bitcoin to stablecoins. While that…
The US Department of Justice (DOJ) just seized over $2.8 million in cryptocurrency from a suspected ransomware mastermind. They also snagged $70,000 in cash and a fancy car. The Ransomware Scheme The money and assets belonged to Ianis Aleksandrovich Antropenko, who’s facing charges in Texas. Prosecutors say he used the Zeppelin ransomware to attack individuals,…
Bitcoin took a nosedive on Thursday after the US Treasury Secretary, Scott Bessent, announced the government won’t be buying any more Bitcoin for its reserves. The Plunge The price had soared to almost $124,120 earlier in the day, but quickly dropped to around $118,550 after Bessent’s statement. This caused a flurry of activity, with some…
Bitcoin (BTC) is hitting record highs, and a new Layer-2 solution is aiming to keep up with the demand. BTC’s Record-Breaking Run BTC, the biggest cryptocurrency, recently hit a new all-time high of $124,000! This surge is partly due to speculation that the Federal Reserve might cut interest rates in September. Lower interest rates generally…
Ethereum is making some serious moves, and it’s got everyone talking about a potential bull run. Let’s dive into what’s driving this exciting price action. Network Activity Explodes Ethereum’s network is buzzing like never before. Daily transactions have hit record highs, showing a massive surge in user engagement and demand. This isn’t just some small…
The US government is planning to create a Strategic Bitcoin Reserve, and it’s causing quite a stir. Treasury Secretary Scott Bessent recently clarified the plan, walking back earlier statements that denied any intention to buy Bitcoin. Seized Bitcoin: The Foundation Bessent announced that Bitcoin already seized by the federal government will form the initial core…
A new study predicts Bitcoin (BTC) could hit a staggering $4.81 million by April 2036! This bold prediction comes from Satoshi Action Education, led by economist Murray A. Rudd. The Million-Dollar Prediction: How Did They Get There? The study uses a complex economic model, factoring in Bitcoin’s limited supply (only 21 million coins will ever…
Ethereum’s price has been skyrocketing lately, and some experts believe it could reach incredible heights. Big Gains for ETH Over the past few months, Ether (ETH) has seen massive gains, jumping as much as 78% in just eight weeks! It recently hit a four-year high, trading around $4,700. This surge has put ETH close to…
Ethereum has been on a tear lately, potentially heading for new record highs. But there’s a potential roadblock: a CME gap. What’s a CME Gap? CME gaps are price gaps that appear on the Chicago Mercantile Exchange’s Ethereum futures chart. Historically, these gaps tend to get filled—meaning the price eventually retraces to cover the gap….
Bitcoin’s recent price action hints at a possible downturn. While it briefly climbed above $120,000, bearish pressure remains. This suggests a price correction could be on the horizon. Signs of Exhaustion Crypto analyst TehThomas points to a key rejection level around $122,000. This suggests market exhaustion, with profit-taking sellers outweighing buyers. The confluence of this…
