In a significant victory for proponents of decentralized finance (DeFi), the U.S. House of Representatives has decisively nixed the IRS’s contentious broker rule through H.J. Res 25, capturing the attention of both crypto enthusiasts and skeptics alike. The resolution not only embodies bipartisan cooperation, with 292 lawmakers endorsing it against a backdrop of 132 votes
Crypto
The recent downturn in the cryptocurrency market serves as a stark reminder of the volatility that underpins the entire sector. Just as investors were celebrating a boom that seemed unshakeable, the reality check hit hard: total market capitalization plummeted below $2.7 trillion. With Bitcoin (BTC) dropping below the critical threshold of $77,000, it feels like
In an unprecedented financial maneuver, Strategy, the brainchild of Michael Saylor, has embarked on a journey to offer up to $21 billion in 8% Series A Perpetual Strike Preferred Stock. This audacious approach, revealed in a recent SEC filing, showcases Saylor’s relentless pursuit of an aggressive investment strategy focused heavily on Bitcoin. At a cursory
Bitcoin has specialized in market theatrics, but its latest descent below the critical $83K barrier has raised alarm bells among traders and investors alike. Historically, the 200-day moving average has served as a bedrock of support, a signal of market confidence. Yet, as Bitcoin drifted through this landmark and approached the proverbial last bastion at
In the frenetic world of cryptocurrency, monotony is a luxury few can afford. Bitcoin (BTC), the flagship of this digital seas, has witnessed astonishing swings in its valuation over a protracted period. The past few days alone have underscored just how treacherous this market can be. BTC flirted with a milestone of $86,000, only to
Over the past few days, the cryptocurrency landscape has become one marked by chaos and uncertainty. Major fluctuations have sent shockwaves throughout the market, with Bitcoin (BTC) having slid to alarming lows of $80,000 before clawing back some ground. The reality is simple: this upward battle is hardly over for Bitcoin, reflecting a significant shift
In a financial ecosystem that evolves at breakneck speed, the rising prominence of the USD Coin (USDC) on platforms like Binance is an undeniable sign of shifting tides in the stablecoin universe. Just a year ago, USDC represented a tiny fraction—merely 0.48%—of Binance’s overall stablecoin distribution. During that time, Tether (USDT) held a commanding 68.67%
When news broke about the U.S. Treasury’s sanctions against Behrouz Parsarad, the mastermind behind the Nemesis darknet marketplace, it felt as though the authorities finally delivered a long-overdue strike against the growing menace of digital crime. After all, Parsarad’s operation not only catered to the vile trade of illicit drugs but also found innovative ways
Dogecoin (DOGE) has always been a conundrum within the cryptocurrency sphere. Known primarily as a meme coin, its rise has been fueled by both community enthusiasm and the oft-controversial endorsement of high-profile figures, including Elon Musk. However, recent trends reveal a twenty percent drop in valuation over a two-week period, a signal that the token
For those who had anticipated a chaotic whirlwind in the cryptocurrency market, the last 24 hours have been a disheartening display of calm. Bitcoin (BTC) has settled near $86,000, reflecting a fractional decline of just 0.4%. To the untrained eye, this may appear as a moment of stability after the wild fluctuations it has experienced