The regulator pleaded with the court to halt Kalshi’s political prediction markets for the duration of the CFTC’s appeal. Source
'An Explosion of Election Gambling' Is Nigh, CFTC Warns Appeals Court
Month: September 2024
Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains
A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions to the IRS. The bitcoin investor now faces up to three years […] Original
Crypto overexposure is putting on-chain treasuries at risk
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Onchain analytics do not lie when they show us a very unhealthy state of DAO treasuries. It was reported that the collective value of DAO treasuries increased by more than $20 billion between November 2023 and March 2024. Optimism’s DAO treasury led the charts, managing around $7.9 billion in assets, followed closely by Arbitrum DAO with $6.9 billion. It’s not a coincidence that this significant uptick of…
Robert Kiyosaki Advises Investing in Bitcoin as US Dollar Becomes Trash
Robert Kiyosaki, author of Rich Dad Poor Dad, has criticized the debate over whether bitcoin or gold is better. He stressed that the only facts that matter are how much gold and bitcoin you own, pointing to the $35 trillion U.S. debt as the real issue. Cautioning that the bond market is crashing, Kiyosaki opined: […] Original
Nervos Network’s CKB rockets, but gains could be limited
The Nervos Network token was one of the best-performing cryptocurrencies on Friday, Sept. 13, as it surged to a high of $0.018, its highest level since June 7. Nervos Network (CKB), a layer-2 network, jumped as investors anticipated more purchases by South Korean traders after it was listed by Upbit. These traders can now buy the token using U.S. dollars, South Korean won, or Tether (USDT). Data from CoinMarketCap shows that South Korean traders were among the most active, driving the price up. The CKB/KRW trading pair saw a 24-hour…
Analysts Kick Against Cardano Recovery, Says ADA Price Is Destined For 33% Crash
Este artículo también está disponible en español. The overall bearish sentiment for Cardano (ADA) continues to rise as analysts now foresee a massive 33% price crash for the altcoin. This pessimistic projection comes as ADA struggles to gain traction in the market, with its value remaining stagnant or steadily dropping to lower levels. Cardano (ADA) Crash Incoming Compared to other prominent altcoins in the crypto market, Cardano has performed poorly, struggling with price declines and sluggish growth. Consequently, a crypto analyst, identified as ‘Financialfreedomgoals’ on TradingView, predicted that cryptocurrency is likely to…
Lawmakers Call on Top 10 Bitcoin ATM Firms to Address Crypto Fraud Concerns
Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency transactions to steal from seniors through bitcoin ATMs. The senators urged companies to implement stronger measures to combat the […] Original
Kenya Acting to Curb AI Disinformation, President Ruto Says
Kenyan President William Ruto announced measures to prevent artificial intelligence (AI) from spreading disinformation, alongside the launch of the Fifth National Action Plan on Open Government Partnership. The initiative aims to foster international cooperation for ethical AI use. This comes after AI-fueled social unrest incidents in 2021 and 2023, and mass protests earlier this year. […] Source CryptoX Portal
MicroStrategy buys additional 18,300 BTC for more than $1b
Business intelligence firm MicroStrategy is continuing its Bitcoin allocation strategy, this time acquiring over 18,000 BTC. MicroStrategy, one of the largest corporate crypto holders in the world, announced in a press release on Friday, Sept. 13, that it acquired an additional 18,300 Bitcoins (BTC) for approximately $1.11 billion at an average price of $60,408 per BTC. According to the regulatory filing, the company acquired Bitcoin between Aug. 6 and Sept. 12. With the latest transaction, the Virginia-headquartered company now holds approximately 244,800 BTC, which were acquired at an aggregate purchase…
Here Are The Major Developments That Could Drive Ethereum Price Back Above $4,000
Este artículo también está disponible en español. Ethereum, the second largest crypto by market cap, is trading at $2,420 after a recent price rally. Ethereum has been up by 3.4% and 6.3% in the past 24 hours and seven days, respectively, which has raised hopes for an extended bullish run. As the price performance continues to unfold, some major developments are taking root, which could pave the way for Ethereum’s price to rally back above the $4,000 mark. Stablecoin Transaction Volume Hits New High Despite the bearish sentiment which has…