Senate proposal for crypto tax exemption is long overdue
Four senators are fighting to exempt low-value crypto transactions from federal taxation. Congressional approval for their proposal is long overdue. Go to Source
Bitcoin
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FBI will ‘neither confirm nor deny’ the existence of Satoshi records
An investigative journalist reported that the FBI issued a standard ‘Glomar response’ to a request for information on Satoshi Nakamoto but with an “interesting assertion.“ Go to Source
Internet Computer Protocol Implements Threshold-Schnorr Signatures, Enhancing Bitcoin Integration
The Internet Computer Protocol (ICP) has integrated threshold-Schnorr signatures and onchain Bitcoin block headers as part of its Deuterium milestone. This development aims to expand the utility of Bitcoin within the decentralized economy, allowing for new applications previously hindered by Bitcoin’s lack of native smart contract support. ICP Introduces Threshold-Schnorr Signatures to Boost Bitcoin Compatibility … Read more
Bitcoin buyers wait below $58K as Japan wipes out record stocks crash
Bitcoin appears in no mood to celebrate despite Japanese stocks fully recovering from a historic drop. Go to Source
Crypto ETF Market Sees Turnaround: Bitcoin and Ethereum Funds Net Inflows
U.S.-based spot bitcoin and ethereum exchange-traded funds (ETFs) both enjoyed a lift on Monday, with ETH ETFs pulling in $4.93 million while BTC ETFs attracted $27.87 million during the day’s trading. Crypto ETFs Make a Positive Comeback On Aug. 12, 2024, both spot bitcoin (BTC) and ethereum (ETH) ETFs experienced inflows, marking a shift from … Read more
Bitcoin at ‘perfect’ macro setup, but dip below $58K risks $500M in liquidations
Bitcoin could gain significant traction from the growing M2 money supply, but a correction below $58,000 is still on the table before more upside. Go to Source
Mt. Gox’s suspected Bitgo $2.1B BTC wallet activates
A test transaction from a dormant Mt. Gox wallet triggers speculation of Bitgo’s role in the ongoing Bitcoin distribution to creditors. Go to Source
Bitcoin price may need 3 months to copy gold bull run — analyst
BTC price action has a habit of copying gold uptrends — but only after a few months of Bitcoin crab market. Go to Source
Crypto Market Sees $176 Million Inflows As Ethereum Leads The Charge
According to the latest report from CoinShares, digital asset investment products experienced net inflows of $176 million last week, as investors took advantage of recent price dips to increase their positions. Ethereum led the way with impressive inflows of $155 million, bringing its year-to-date total to $862 million—the highest since 2021. Bitcoin, meanwhile, saw more … Read more
Canadian crypto exchange gambled away $9.5M users’ Bitcoin and Ether
The British Columbia Securities Commission reveals how ezBtc’s founder misappropriated millions in customer funds for personal use, leading to significant investor losses. Go to Source
