As countries like the U.S. and El Salvador buy bitcoin, yours should too. You’ve probably heard this at a dinner party: “If only we had bought Bitcoin ten years ago.” Now imagine that conversation echoing in the corridors of a central bank, where the stakes are a nation missing one of the most asymmetric financial […]
Legal experts say it may not significantly alter the types of cases the DOJ brings. Earlier this month, the Department of Justice disbanded its National Cryptocurrency Enforcement Team and said it would no longer pursue what Deputy Attorney General Todd Blanche described as “regulation by prosecution.” You’re reading State of Crypto, a CoinDesk newsletter looking […]
TD Cowen analysts evaluated the Strategy’s treasury activity against bitcoin trading volume and price action over the past six months. What to know: Despite its growing footprint as a major corporate holder of bitcoin (BTC), Strategy’s large-scale purchases of the cryptocurrency appear to have little, if any, influence on its price, according to a research […]
Turkey’s President Erdogan’s experience with central bank interference serves as a warning, as it led to a currency collapse and increased investment in bitcoin and stablecoins. What to know: The week has begun on an interesting note, with the U.S. dollar crashing to three-year lows alongside losses on Wall Street, yet bitcoin (BTC), which usually […]
A look at the potential taxation landscape Bitcoin holders could have to deal with in 2025 with looming changes on the horizon. Lyn Alden, author of Broken Money, has made a strong case for fiscal dominance—the idea that government spending dictates monetary policy rather than the other way around. Her now-famous meme, Nothing stops this train, encapsulates the […]
Former Galaxy, Goldman Sachs, and JP Morgan executive Richard Kim faces securities and wire fraud charges after allegedly gambling away “nearly all” of his investors’ funds. What to know: Richard Kim, the founder of crypto casino Zero Edge, was arrested on Tuesday following allegations that he had gambled away investors’ funds. According to an FBI complaint filed […]
Binance CEO Richard Teng reveals multiple governments seeking guidance on bitcoin and crypto following U.S. strategic stockpile initiative. Financial Times reports that bitcoin and crypto exchange Binance is advising several countries on creating their own bitcoin and crypto regulations and establishing national strategic bitcoin reserves. Binance CEO Richard Teng revealed that multiple governments seek the exchange’s guidance […]
Bitwise reports a 16.11% quarter-over-quarter surge in Bitcoin holdings among public companies, fueled by regulatory changes and bold moves from Strategy, Semler Scientific, and GameStop. This corporate treasure trove is valued at over $57 billion, based on a Bitcoin price of $82,445, reflecting a 2.15% increase in total value from the previous quarter. The number […]
Historical data shows big moves from 3–6 month holders often precede major price swings. What to know: Bitcoin (BTC) is likely headed for a period of heightened volatility as 170,000 BTC — worth over $14 billion at its current price of $84,500 — have moved from wallets held for three to six months, a cohort […]
The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them. What to know: A Brazilian court has sentenced three executives behind the collapsed crypto scheme Braiscompany to a combined 171 years in prison, concluding one of the country’s largest crypto fraud cases to date. Federal Judge […]