Day: June 13, 2024

Biden’s Proposed Nonsensical 30% Tax Would Kill Bitcoin Mining in the U.S.

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The egregious mining tax, implemented despite the billions of dollars invested in the sector, is part of his budget proposal for the fiscal year 2025, which aims to address environmental concerns and regulate the digital asset mining industry. The proposal suggests that the tax would be phased in over three years, starting at 10% in the first year, increasing to 20% in the second year and reaching the full 30% in the third year. This tax is prejudicing digital mining, exclusively, not data centers generally. Original

UNI In Trouble? Key Indicators Cites Potential Drop Amid Market Downturn

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Uniswap (UNI), a prominent decentralized exchange token, is bracing for further declines as the broader cryptocurrency market experiences a significant downturn. Recent market trends indicate a continuation of bearish momentum, which has impacted UNI’s price negatively.  Several factors, including macroeconomic uncertainties, regulatory pressures, and shifts in investor sentiment, are contributing to this extended downtrend. As Uniswap’s price breaks key support levels, the likelihood of additional losses increases. This article delves into UNI’s price analysis with the help of technical indicators to determine the anticipated decline and provide insights into what…

Crypto experts deliver exciting Bitcoin price forecasts

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Bitcoin price has remained in a tight range in the past few weeks. It peaked at $71,935 last week, where it found substantial resistance. BTC was trading at $68,000 on Thursday, down by about 8% below its highest point this year. Analysts are bullish on Bitcoin Cryptocurrency experts are increasingly bullish on Bitcoin prices. In April, Cathie Wood of Ark Invest upped her long-term price target to $3.8 million, making her one of the most bullish investment pros in the industry. Most recently, Michael Novogratz, the billionaire founder of Galaxy…

The White House Is Expected to Nominate Christy Goldsmith Romero as the Next FDIC Chair and Kristin Johnson for New Treasury Role

She is the sponsor of a Technology Advisory Committee that includes members stablecoin issuer Circle, blockchain analytics firm TRM Labs and Cryptocurrency custody firm Fireblocks. The committee was created to protect U.S. citizens from cyber attacks, ensure “responsible development of digital assets,” Goldsmith Romero said at the time. Source