Quick Take In a determined bid to reanimate its ailing financial markets, China has slashed stock trading taxes by half, as reported by market analyst Ayesha Tariq. Alongside this, the government has directed state-owned banks and funds to invest in stocks, adding a new layer of complexity to the nation’s economic landscape. Highly noticeable is […]

According to a report by Arkham Intelligence published around Aug. 27, Robinhood allegedly holds more than $3 billion of Bitcoin in a single address Those findings show that Robinhood holds 118,300 BTC of Bitcoin (BTC), which is valued at $3.07 billion and is stored in an address beginning with “bc1ql.” That address was active as […]

New developments in the Bitcoin mining space have Hut 8 vice president Sue Ennis convinced that well-positioned miners will thrive after the next BTC halving. The next Bitcoin halving event is less than nine months away, and the consensus opinion among analysts and investors is that the halving will send Bitcoin’s price to a new all-time […]

The crypto influencer brand had a reach of more than 3.3 million followers at the time the company announced Ben Armstrong would no longer be affiliated with “BitBoy Crypto.” The parent of Hit Network, which controls the “BitBoy Crypto” brand, has cut ties with its public face, Ben Armstrong, citing issues surrounding substance abuse and […]

From the genesis of Bitcoin’s inception to the contemporary landscape, the mystery surrounding the true identity of its architect, Satoshi Nakamoto, persists as an unrivaled enigma within the cryptocurrency realm. Despite the global reverberations stemming from bitcoin (BTC) and the revolutionary blockchain technology underpinning it, Nakamoto’s identity, modus operandi, and motivations for upholding an unwavering […]

Binance could leave the Russian market following controversies around its in the region, the Wall Street Journal reprted on Aug. 28. In a statement quoted by the newspaper, one Binance representative said that “all options are on the table, including a full exit.” News of the potential Russian exit comes alongside an update to the […]

The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions. The Federal Reserve is seemingly running interference with congressional efforts to regulate stablecoins, according to a letter recently sent to Fed Chairman Jerome Powell. The letter came from Chairman of the U.S. House of […]

The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers. The United States Internal Revenue Service (IRS), which is responsible for tax collection in the United States, has released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers […]

Evergrande’s ongoing bankruptcy saga has significant macroeconomic implications — including for the global cryptocurrency market. As Evergrande Group, China’s heavily indebted property developer, files for bankruptcy in the United States, many are concerned about how this will impact the global economy and cryptocurrencies. The situation represents one of the largest debt faultings in the world […]

Lawyers questioned a judge’s decision to revoke bail on Aug. 11, claiming SBF speaking to a journalist about Caroline Ellison was “protected First Amendment activity”. Lawyers representing Sam Bankman-Fried, or SBF, have filed an appeal claiming the former FTX CEO’s bail was revoked “in retaliation for him exercising his First Amendment rights” and not witness […]