Cryptocurrency-focused asset manager and exchange-traded fund (ETF) issuer Grayscale joined a growing list of crypto companies seeking to launch IPOs in the United States. On Monday, Grayscale said it had filed to list its company shares with the Securities and Exchange Commission (SEC) under a new clause that enables confidential filings ahead of a final…
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Bitcoin has become the world’s fifth-largest asset, overtaking Amazon by market capitalization. Bitcoin (BTC) price rose to a new all-time high of $122,600 on Monday and has soared nearly 13% over the past week, as Cointelegraph reported. These gains allowed Bitcoin to surpass a $2.4 trillion market capitalization, overtaking Amazon’s $2.3 trillion, Silver’s $2.2 trillion…
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Bitcoin soared to another record high, driven by growing global investor demand for risk assets and a $200 million liquidation of BTC shorts near a critical overhead resistance level. Bitcoin’s (BTC) price surpassed the $112,000 all-time high for the first time on Wednesday, after rising 5.95% during the past week. BTC/USD, 1-month chart. Source: Velo…
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US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes on mining and staking rewards until the underlying tokens are sold. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” said Lummis. The senator’s draft bill was published three…
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Binance, the world’s largest cryptocurrency exchange, has appointed Gillian Lynch as its new head of Europe and the United Kingdom, signaling a renewed push to secure regulatory approval across the region. Lynch brings more than 20 years of leadership experience in fintech, banking and digital assets. She previously held senior roles at Gemini, Bank of…
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Bitcoin whales have reawakened after 14 years of patiently holding the world’s first cryptocurrency, transferring billions of dollars worth of the world’s largest cryptocurrency. A Bitcoin wallet “12tLs” transferred 10,000 Bitcoin (BTC) worth over $1 billion after 14 years of holding the assets on Thursday. The mysterious whale initially received the 10,000 BTC on April…
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Chainlink, a decentralized blockchain oracle network for crosschain communication, launched a compliance framework aimed at unlocking over $100 trillion worth of institutional investor capital for the cryptocurrency space. The decentralized oracle network announced the release of its Automated Compliance Engine (ACE) on Monday. The system provides a modular and standardized framework for managing regulatory compliance…
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US President Donald Trump’s administration is reportedly considering an executive order aimed at preventing banks from cutting off services to politically unfavorable industries, including cryptocurrency firms, according to a report from The Wall Street Journal, citing unnamed sources. The move would come in response to allegations that some banks have denied services to tech and…
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Bitcoin exposure is increasing in cryptocurrency portfolios, driven by more innovation-friendly US crypto regulations and growing institutional adoption triggered by the introduction of spot Bitcoin exchange-traded funds (ETFs), according to a new report from Bybit. Bitcoin (BTC) accounts for about one-third of investor portfolios, or 30.95% of total assets as of May, up from 25.4%…
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A savvy Bitcoin holder has bagged nearly $30 million of profit after patiently holding their BTC holdings for over a decade, highlighting the long-term investment potential of the digital asset. The unknown investor sold 300 Bitcoin (BTC) for $29.8 million on Sunday after patiently holding the coins for more than 11 years, according to Whale…
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