The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service. On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker rule that aimed to expand…
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Finance officials in the European Union are concerned US President Donald Trump’s embrace of digital assets could affect Europe’s monetary sovereignty and financial stability. “The US administration is favorable toward cryptocurrencies and especially dollar-denominated stablecoins, which may raise certain concerns in Europe,” European Stability Mechanism (ESM) managing director Pierre Gramegna said at a Eurogroup press…
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A weakening US dollar could be bullish for Bitcoin, but two metrics could be cause for concern in the short term, according to Real Vision crypto analyst Jamie Coutts. “While my framework is turning bullish as the dollar plunges, two metrics still raise alarms: Treasury Bond volatility (MOVE Index) and Corporate Bond spreads,” said Coutts…
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Bitcoin prices have continued to retreat over the weekend and have fallen to just above $80,000 on March 10 in what one analyst has described as an “ugly start” to the week. It looks like Bitcoin (BTC) will retest $78,000, said BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes on X following the asset’s…
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A strategic Bitcoin reserve in the United States reduces the possibility that the government will ever “ban” the cryptocurrency and could encourage many more nations to adopt Bitcoin, according to crypto observers. On March 7, US President Donald Trump signed an order establishing a Strategic Bitcoin Reserve and a digital asset stockpile. White House crypto…
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Cardano founder Charles Hoskinson said he wasn’t aware that US President Donald Trump would include the network’s native token, ADA, in his proposed crypto reserve until the day it was announced. “We knew nothing about ADA being selected for the reserve. It was news to me,” Hoskinson said in a video on March 5. He…
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The lead prosecutor investigating Argentine President Javier Milei’s alleged involvement in the LIBRA cryptocurrency scandal has requested the freezing of as much as $110 million in assets. Argentine Federal Prosecutor Eduardo Taiano has also requested the recovery of deleted social media posts, including those made by Milei promoting the Solana-based memecoin, according to local media…
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Bankrupt crypto exchange Mt. Gox has started shifting Bitcoin again, with 12,000 BTC on the move in a tumultuous week rattled by market volatility. On March 6, Arkham Intelligence alerted its users on X that the Mt. Gox wallet (1PuQB) had moved 12,000 coins (BTC) worth a little over $1 billion. The transaction cost $1.64…
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Iris Ramaya Au, the former girlfriend of admitted crypto fraudster Adam Iza, dubbed “The Godfather,” has agreed to plead guilty to a federal criminal tax charge. Au pled guilty to a single count of giving a false tax return “for failing to report more than $2.6 million in ill-gotten gains she obtained via her then-boyfriend’s…
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Japanese investment firm Metaplanet has bought another $44 million worth of Bitcoin, which has seen its stock jump by 19% on the day so far. Metaplanet CEO Simon Gerovich said in a March 5 X post that the firm bought 497 Bitcoin (BTC) at around $88,448 per coin for a total spend of $43.9 million.…
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