Bitcoin Hash Price Falls to Record Low, What’s Next?
With Bitcoin hash price at an all-time low, miner capitulation reflects December 2022’s profitability fall. BTC may lose the $60,000 support. Following the Bitcoin halving event in April, the Bitcoin miner capitulation remains the most closely watched event. Based on the on-chain data, the Bitcoin hash price has reached its all-time low as several miners have reportedly […]
BlackRock’s $82M Boost Propels Bitcoin ETF to 4-Day Winning Streak
U.S. Spot Bitcoin ETF saw its fourth straight inflow, as BlackRock’s IBIT saw its first since June 20. However, Bitcoin remains in red. Today, the Bitcoin price fell below $60,000 for the fourth consecutive day, while the U.S. Spot Bitcoin ETFs experienced positive momentum. Significantly, numerous market analysts have identified the recent sluggish trading of the […]
Treasury and IRS Set Broker Rule, Defers DeFi Decision
The US Treasury and IRS have announced new crypto broker tax requirements for 2025, deferred DeFi and wallet regulations, and aim to harmonize reporting with traditional brokers. The Internal Revenue Service (IRS) and the US Department of the Treasury have issued new tax guidelines for cryptocurrency exchangers, which will mandate transaction reporting beginning in 2025. […]
Judge Drops SEC Claims On Binance’s BNB Sales As Securities
Judge Jackson dismissed the SEC’s claims that the secondary sale of Binance BNB coins qualify as securities. However, she let the SEC pursue charges related to Binance’s BNB staking program, anti-fraud issues, and BNB sale after the ICO. Judge Amy Berman Jackson has dismissed the SEC’s claim that the secondary sales of Binance’s BNB coins qualify […]
Bybit Undergoes Major Exec Changes Post Notcoin Saga: Report
The spotlight is on Bybit with a subtle executive reshuffle as the exchange strives to make up for its Notcoin airdrop slip up. Only a few weeks after its Notcoin (NOT) trading discrepancies, Bybit replaced a couple of its executives. Bybit Executives Takes Blame For Notcoin Saga The exchange underwent a significant replacement of its top executives, […]