The new GENIUS Act, the first US law on stablecoins, has everyone talking. But some big banking groups aren’t happy. They think it has some serious problems that could hurt the financial system. Loopholes and Risks In a letter to the Senate, these groups – representing banks across the country – said the law needs…
A Bitcoin mining company with ties to the Trump family just made a massive purchase of computer chips, one of the biggest in the crypto world this year. A $314 Million Bet on Bitcoin American Bitcoin Corp. spent a whopping $314 million on 16,290 Antminer U3S21EXPH units from Bitmain, a Chinese tech giant. These super-powerful…
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 (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…
Circle, the company behind the stablecoin USDC, saw its stock price fall recently, even though their latest numbers looked pretty good on the surface. Let’s break down why. Slower Growth Than Expected While USDC’s supply jumped 90% in the past year to a whopping $61.3 billion, and Circle’s revenue soared 53% to $658 million, analysts…
Bitcoin is doing great, trading at around $121.5K and attracting tons of investment. So why is a new crypto presale, Bitcoin Hyper ($HYPER), already raking in over $9.5 million? It’s all about addressing Bitcoin’s limitations. Bitcoin’s Growing Pains While Bitcoin is a solid store of value, it has some serious shortcomings: Slow Transactions: Bitcoin only…
