Tag: Bitcoin

  • US Government Transfers $1.9 Billion in Bitcoin to Coinbase Prime

    US Government Transfers $1.9 Billion in Bitcoin to Coinbase Prime

    —

    by

    Issac Lane

    Seized Silk Road Bitcoin Moves Following 2021 Zhong Investigation The United States government has moved over $1.9 billion worth of Bitcoin seized from the Silk Road marketplace to a Coinbase Prime wallet. The transfer, which took place on December 2, 2023, involved around 19,800 BTC, valued at $94,169 per coin at the time. Silk Road…

  • Sanctions, Crypto, and War: Putin’s Economic Balancing Act

    Sanctions, Crypto, and War: Putin’s Economic Balancing Act

    —

    by

    V Sinclair

    The economic activity in Russia is experiencing instability. In the face of mounting pressure, President Vladimir Putin is turning to cryptocurrency. On November 29, he signed a law officially classifying crypto as property.The Russian ruble fell to its lowest level in more than two and a half years on November 27. The Russian currency broke…

  • Tom Lee Forecasts Bitcoin Surge Ahead

    Tom Lee Forecasts Bitcoin Surge Ahead

    —

    by

    V Sinclair

    Tom Lee, the research leader at Fundstrat, is optimistic about Bitcoin‘s (BTC) trajectory, suggesting that a notable increase is on the horizon. During a recent podcast with Anthony Scaramucci from SkyBridge Capital, Lee highlighted that Bitcoin’s potential for significant growth is backed by both technical analysis and supportive political movements. He estimates that Bitcoin could soar…

  • Bitcoin Holds 8% Gains as Ethereum Eyes $4,000 Comeback

    Bitcoin Holds 8% Gains as Ethereum Eyes $4,000 Comeback

    —

    by

    Issac Lane

    Bitcoin bulls defend key support levels, while Ethereum shows signs of a long-awaited resurgence. Bitcoin Maintains Strength Above $90,000 Bitcoin continued to consolidate around $96,000 on November 29 after a “fantastic” retest of support levels, according to analysts. Data from TradingView showed reduced price volatility for BTC/USD, following rapid gains on November 27, which ended…

  • Russia Approves Crypto Tax Bill: Miners to Pay 13-15% on Revenues

    Russia Approves Crypto Tax Bill: Miners to Pay 13-15% on Revenues

    —

    by

    Oscar

    Russian lawmakers have passed a groundbreaking crypto tax bill, introducing levies of 13% to 15% on Bitcoin miners’ revenues. The legislation also formally recognizes cryptocurrency as “property” for the first time, providing legal clarity for the nation’s burgeoning crypto sector. Tax Structure for Miners Under the new law, miners earning up to 2.4 million rubles…

  • Bitcoin Eyes $100K Amid Regulatory Optimism

    Bitcoin Eyes $100K Amid Regulatory Optimism

    —

    by

    Oscar

    Bitcoin surged close to the $100,000 milestone, fueled by growing optimism surrounding potential regulatory shifts in the United States. The cryptocurrency hit a high of $97,361 before stabilising at $95,640 in early Thursday trading, marking its biggest two-week gain. Regulatory Optimism Fuels Market Confidence Investors are bullish on the prospect of crypto-friendly leaders taking charge…

  • Trump’s Crypto Policies Could Open Doors for Extremists

    Trump’s Crypto Policies Could Open Doors for Extremists

    —

    by

    Oscar

    Donald Trump’s potential return to the White House promises a crypto-friendly presidency, with proposed regulatory rollbacks likely to impact diverse stakeholders. While cryptocurrency investors welcome this shift, experts warn that such policies could also empower extremist and terrorist groups. Looser Regulations and Extremist Financing Trump’s pro-crypto stance includes promises to integrate digital currencies into mainstream…

  • Brazil proposes strategic Bitcoin reserve in new bill introduced to Congress

    Brazil proposes strategic Bitcoin reserve in new bill introduced to Congress

    —

    by

    V Sinclair

    The legislation proposes the creation of a Sovereign Strategic Bitcoin Reserve, cleverly dubbed RESBit. Brazil might be rewriting the rulebook on sovereign reserves. On November 25, Congressman Eros Biondini dropped a bill that could shake up Brazil’s financial system. If passed, this would make Bitcoin a key part of the country’s sovereign assets, alongside its $355 billion…

  • Bitcoin and Crypto Markets Tumble: $200 Billion Wiped Out

    Bitcoin and Crypto Markets Tumble: $200 Billion Wiped Out

    —

    by

    Oscar

    Bitcoin has faced a sharp correction, crashing to $90,000 from its recent high of nearly $100,000. This sudden drop has erased $200 billion from the crypto market’s total value, now standing at $3 trillion. Analysts are pointing to excessive leverage in the system and geopolitical uncertainties as key factors behind the downturn. Wall Street Leak…

  • Morocco to Legalise Cryptocurrencies, Following MiCA-Inspired Regulations

    Morocco to Legalise Cryptocurrencies, Following MiCA-Inspired Regulations

    —

    by

    Issac Lane

    Morocco’s central bank drafts new crypto regulations after a five-year ban, aiming to embrace digital assets and innovation. Morocco Prepares to Legalise Cryptocurrencies Morocco is set to overturn its 2017 ban on cryptocurrencies, signalling a major shift in its stance on digital assets. According to a Reuters report, the country’s central bank, Bank Al-Maghrib, has drafted a…