Day: June 23, 2025

As Stablecoin Bill Heads To House, Senate Shifts To Market Structure

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Roughly a week after the US Senate voted to pass the GENIUS Act to regulate payment stablecoins, the chamber is moving to discuss a path forward for a digital asset market structure framework. On Tuesday, lawmakers in the Senate Banking Committee’s digital asset subcommittee will hear from lawyers at Coinbase and Multicoin Capital as part of efforts to establish “bipartisan legislative frameworks for digital asset market structure.” The hearing will include testimony from Coinbase’s vice president of legal, Ryan VanGrack, Multicoin Capital’s general counsel, Greg Xethalis and University of Pennsylvania…

‘Valuable Everywhere’: Tim Draper Hails Bitcoin as Crisis-Proof Asset

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Amidst the Mideast conflict, the venture capitalist and entrepreneur from Silicon Valley, Tim Draper, articulated that in these precarious times, one asset remains “valuable everywhere, bitcoin.” Draper Says Bitcoin’s the Real Refuge in a World on Fire An influential figure in the venture capital sphere, Tim Draper, who established Draper Associates and Draper University, holds […] Original

Another Bitcoin Boost: Sequans Goes All in With $384M Investment

Key Notes Sequans plans to invest $384 million in Bitcoin through equity and debt offerings. MicroStrategy bought 245 BTC for $26 million as Bitcoin briefly dipped below $100K. Despite miner stress, long-term Bitcoin accumulation continues across institutions. Publicly listed company Sequans Communications S.A. has announced a bold new Bitcoin BTC $100 575 24h volatility: 0.9% Market cap: $2.00 T Vol. 24h: $40.46 B treasury initiative. The IoT semiconductor leader plans to invest around $384 million in the cryptocurrency, combining $195 million in equity offerings and $189 million in convertible secured…

Trump’s Crypto Ties Still Toxic With Some Dems, Including One Seen as Industry Ally

U.S. Senator Adam Schiff was among the many Democrats who voted to pass the stablecoin bill last week, but as the Senate moves on to legislation establishing regulations for the wider U.S. crypto markets, Schiff has introduced another effort to ban President Donald Trump and other top government leaders from issuing or sponsoring cryptocurrencies. The California Democrat’s legislation joins at least four other bills that similarly seek to block senior government officials and lawmakers from taking a direct hand in crypto businesses. Such concerns arose during the debate over the…

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Bitcoin Wobbles? Metaplanet Buys Big, Breaks $1 Billion Mark

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Metaplanet has again beefed up its Bitcoin holdings. According to the Tokyo-listed investment firm, it bought 1,111 BTC on Monday for about $118.2 million. The average price paid was roughly $106,408 per coin. Bitcoin has fallen…

Volatility Returns: $1 Billion in Liquidations as Bitcoin Tests $100,000 Floor

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Bitcoin briefly fell below $100,000 amid rising geopolitical tensions but quickly rebounded. Despite over $1 billion in liquidations, markets appear to be stabilizing ahead of key U.S. economic events. Geopolitics Jolt Markets as Bitcoin Dips Below $100,000 but Rebounds Swiftly Bitcoin dropped to $98,200 on Sunday, June 22, its lowest level since crossing $100,000 on […] Original

Scam Alert: Trezor Wallet Issues Major Security Update

Key Notes Trezor neutralized a phishing attack targeting its support contact form. No user data was breached, and the threat has been contained. New products like Trezor Expert and Safe 5 aim to simplify secure self-custody. . Trezor Wallet, a well-known hardware cryptocurrency maker, has issued an urgent security alert following a recent phishing attempt. According to a post on X, cybercriminals used Trezor’s support contact form to impersonate the company representatives and try to steal sensitive user information. Trezor Wallet Asks Users to Stay Cautious The phishing emails were…

India wants 30% of your crypto gains, but that’s not the worst part

How India’s Union Budget 2025 maintains crypto taxes India’s Union Budget 2025 has made no changes in the existing tax rules for cryptocurrencies, maintaining the provisions of the Finance Act 2022 for virtual digital assets (VDAs) like Bitcoin (BTC) and Ether (ETH).  Under Section 115BBH of the Income Tax Act, profits from selling VDAs are taxed at a flat rate of 30%. You can deduct only the purchase cost, with no allowance for other expenses or losses. Additionally, a 1% Tax Deducted at Source (TDS) applies to all VDA transactions…

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