If someone hid a mine of early bitcoins BTC$87,993.01 or if a grandchild persuaded an older family member to take a flyer on a coin or token, intergenerational wealth transfer these days could easily include crypto. Not long ago, families in this situation faced uncertainty over the fundamentals: Is crypto considered property? How does this […]
The US Marshals Service (USMS) is investigating allegations that the son of a Department of Defense and Department of Justice service provider charged with handling cryptocurrency seized by law enforcement stole more than $40 million in confiscated digital assets. Blockchain investigator ZachXBT has accused John “Lick” Daghita, son of Dean Daghita, president of CMDSS —
Russia has officially banned Ukraine-founded cryptocurrency exchange WhiteBIT, stepping up its efforts to crack down on companies it says support Ukraine’s war effort. The country’s prosecutor general has designated WhiteBIT and its parent company, W Group, as “undesirable organizations,” a legal label that criminalizes any activity involving the company in Russia. Russian authorities have accused
Russia calls crypto exchange WhiteBIT ‘undesirable’ Read More »
As if the continued decline in Bitcoin’s price wasn’t enough, shares of Bitcoin miners who have shifted their business plan to focus on AI infrastructure were mostly sharply lower on Monday following Nvidia’s $2 billion investment in CoreWeave. While this investment highlights the growing demand for high-performance computing as AI applications expand, it also highlights
Bitcoin miners Cleanspark, IREN and TeraWulf among those down after NVDA/CRWV deal Read More »
The Senate Agriculture Committee postponed by two days the hearing on the markup of its crypto market structure bill, originally scheduled for Tuesday afternoon. The committee intended to let lawmakers debate the amendments and vote on its version of the bill, which aims to define how the Commodity Futures Trading Commission can oversee crypto markets,
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2688.53, down 1.8% (-47.97) since 4 p.m. ET on Friday. Two of the 20 assets are trading higher. Leaders: LTC (+1.3%) and APT (+0.3%). Laggards: POL (-4.0%) and
Polygon (POL) falls 4% and leading index is down Read More »
If Congress fails to pass market structure legislation this year, the U.S. crypto market will not return to the high-enforcement environment of 2022 and 2023, but it will remain structurally constrained at a time when global adoption and institutional interest are accelerating, Wall Street broker Benchmark said. “The absence of legislation would result in the
Market Structure Bill Delay Appears to Cap US Crypto Valuations, Benchmark Says Read More »
Strategy (MSTR) continued its weekly bitcoin BTC$87,953.04 purchases last week, although at a reduced level compared to the billion-dollar-plus acquisitions of the previous two weeks. Led by Executive Chairman Michael Saylor, MSTR added 2,932 bitcoins for $264.1 million, averaging $90,061 each. The company’s holdings now stand at 712,647 bitcoins acquired for $54.19 billion, an average
Michael Saylor Strategy (MSTR) Added 2,932 BTC Last Week Read More »
Strategy sells $257 million in stock, buys 2,932 bitcoins for $264 million
Strategy sells $257 million in stock, buys 2,932 bitcoins for $264 million Read More »
By Francisco Rodrigues (All times ET unless otherwise noted) Bitcoin is struggling to hold up as concerns over the strength of the yen and fiscal instability have led to a divergence between crypto assets and traditional safe havens. Bitcoin fell 0.8% in 24 hours to below $88,000, and ether lost more than 1.6% to settle
BTC price lags gold as yen intervention concerns weigh on risk assets Read More »
