Turkey’s ruling AK Party has presented a sweeping economic bill to parliament that would formalize the taxation of cryptocurrencies while revising a series of tax and spending rules. The draft, currently before Turkey’s Grand National Assembly, would amend the Income Tax Law and the Expenditure Tax Law to create a new framework for cryptocurrencies, the […]
Turkey’s ruling party unveils 10% crypto income tax proposal Read More »
ProCap Financial (BRR), the first publicly traded agent financing company, purchased 450 bitcoins BTC$65,959.52increasing his total holdings to 5,457 BTC. The acquisition makes ProCap the 19th largest publicly traded Bitcoin holder, while reducing the company’s average cost per coin. BRR shares rose 2% in pre-market trading following the announcement, while bitcoin traded above $66,000. Chairman
Anthony Pompliano’s ProCap Financial Buys 450 BTC, Accelerates Share Buybacks Read More »
By Omkar Godbole (All times ET unless otherwise noted) The conflict between the United States, Israel and Iran remains the biggest news story of the day as attacks intensify and spread. Markets responded as they usually do: by reducing risks and pushing up oil prices. Bitcoin BTC$66,312.14 fell to $66,300, down 0.5% over 24 hours,
Battered BTC Price May Find Solace in ‘Devaluation’ Trading: Crypto Daybook Americas Read More »
Bitcoin BTC$66,228.69 is trading near $66,500 after adding 1.1% since midnight UTC and more than 5% from the weekend low of $63,000. The crypto market is back in the middle of a trading range that has persisted since early February, with a volatile last week testing $70,000 on the upside and $62,500 on the downside.
U.S. stocks fell in pre-market trading after the United States and Israel entered into conflict with Iran over the weekend. The Invesco QQQ exchange-traded fund (ETF), which tracks the Nasdaq 100 index, was down 1.5%, although early losses began to moderate, suggesting that initial concerns may have been somewhat exaggerated. A Saudi oil refinery was
Oil and gold retreat from highs while stock futures remain under pressure Read More »
Hong Kong is strengthening its role as China’s financial bridge by signing a new agreement with Shanghai authorities to build cross-border blockchain rails for freight trade and trade finance. The memorandum of understanding between the Hong Kong Monetary Authority, the Shanghai Data Office and the National Technology Innovation Center for Blockchain, announced Monday afternoon in
Hong Kong partners with Shanghai trade authorities to put goods data on blockchain Read More »
The earnings reports keep coming. This week, Riot Platforms, the fourth largest Bitcoin miner by market capitalization, is expected to release number 6, as will Core Scientific. Like many of their peers, both men are using their experience running large data centers and negotiating power supply deals to expand into AI. Core, whose proposed $9
Riot, Basic Income, US Jobs Report: Crypto Week Ahead Read More »
Bitcoin BTC$66,227.89 fell from Asian session highs alongside losses in U.S. stock futures as Iran intensified its attacks in the Middle East. The leading cryptocurrency fell back below $66,000 after hitting a high near $67,000 in early Asia. S&P 500 e-mini futures fell to 6,790, down 1.4% on the day, reversing the initial rise to
Bitcoin, US Stock Futures Give Up Early Gains as Iran Conflict Intensifies Read More »
US-listed Bitcoin and Ether exchange-traded funds (ETFs) have seen record outflows over the past four months, confirming that a real crypto market is underway. Investors withdrew $6.39 billion from Bitcoin ETFs over four straight months of outflows, the longest streak of monthly losses since the funds launched in January 2024, according to data source SoSoValue.
More than $9 billion flees BTC and ETH ETFs in four months Read More »
A brief gathering on Sunday did not survive contact on Monday. Bitcoin slipped to $66,702 in early trading on Monday, down 1.1% in the past 24 hours, as traditional markets reopened and began pricing in the US-Iran conflict in which the crypto had been trading in isolation since Saturday. Sunday’s rebound to $68,000 following Khamenei’s
Bitcoin under pressure as oil climbs 6%. What’s next? Read More »
