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Bitcoin
Veteran Trader Peter Brandt Urges Federal Reserve to Raise Interest Rates Another 100 Basis Points
Veteran trader Peter Brandt has urged the U.S. Federal Reserve to stay hawkish and increase interest rates another 100 basis points to protect the nation’s wealth. He stressed that there is nothing more destructive to wealth than…
Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate…
Federal Reserve Chair Jerome Powell has reaffirmed the Fed’s hawkish stance. Noting that the latest economic data indicates that the Fed’s policy “may not be restrictive enough” and “has not been restrictive for long…
Slovakia to Lower Tax on Income From Crypto Holdings
Lawmakers in Slovakia have adopted legislation that will reduce the tax burden for cryptocurrency holders in the country. Income derived from long-term investments in digital assets will also be relieved from healthcare taxes, the…
Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch
In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the…
Biden Pledges to Eliminate Tax Loopholes for Crypto Traders — Vows to Make US Tax System Fair
U.S. President Joe Biden has promised to make the federal tax system fair by eliminating loopholes for crypto traders and hedge fund managers. He aims to “achieve tax code fairness” by “ensuring that the burden is shared by the…
Sudden Crypto Volatility Spurs $216M in Losses, Liquidating Both Long and Short Positions
Cryptocurrency prices rose early Friday but then dropped sharply following a report that the SEC had deemed recent spot BTC filings inadequate.
Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings Inadequate
Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.
First Mover Americas: Fidelity Joins the Rush for Spot Bitcoin ETF
The latest price moves in bitcoin (BTC) and crypto markets in context for June 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Coinbase Alleges SEC Lacks ‘Any Powers to Regulate Digital Asset Exchanges’ in Recent Filing
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has filed a 177-page answer to the complaint introduced by the U.S. Securities and Exchange Commission (SEC), where the agency states the company was involved in the illegal…
Bitcoin Steady Near $31K After Options Expiry; Dollar Index Rises Before Key U.S. Inflation Data
With the expiry done, the supposed price magnet at $26,500 from the max pain point is gone and prices could resume the upward journey, a common pattern during the bull market days of 2021.