Author: boss

Detroit Set to Enter Michigan‘s Battle against Coinbase Prediction Markets

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Lawyers representing the US city of Detroit plan to file an amicus brief in Coinbase’s lawsuit against Michigan, which argues that federal regulators should have authority in overseeing prediction markets and not states.  In a Thursday filing in the US District Court for the Eastern District of Michigan related to state officials’ motion for a preliminary injunction, District Judge Shalina Kumar approved an order which will allow Detroit to file a brief supporting state authorities in their lawsuit against Coinbase. Kumar gave Detroit’s lawyers until April 3 to make the…

Bitcoin Erases March Gains as Q1 Losses Top 25% Amid Geopolitical Friction – Markets and Prices Bitcoin News

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Crypto and Wall Street Diverge From Global Indices After kicking off March with a bullish surge, bitcoin now appears destined for a round trip back to its opening levels. The top cryptocurrency tumbled below the $66,000 psychological floor Friday, hitting a multi-week low of $65,505. This price action suggests the “war hedge” resilience that characterized the early days of the U.S.-Israel-Iran conflict has finally buckled under the weight of prolonged uncertainty. The sell-off was not isolated to bitcoin. Bitcoin’s 4.5% intraday slide—which wiped nearly $10 billion off its market capitalization—acted…

Trump Touts Iran Operation While Ceasefire Falls Apart and Oil Climbs Past $108 – Bitcoin News

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Hormuz Crisis Deepens: Iran Rejects Peace Plan, Crude Oil Climbs Tehran’s foreign minister, Abbas Araghchi, dismissed the plan as “one-sided” and “maximalist,” calling U.S. claims of productive negotiations “fake news.” Iranian state media rejected the proposal outright, with officials saying Iran would “end the war when it decides to.” The Trump administration transmitted the 15-point framework to Tehran via Pakistani intermediaries on or around March 24. The plan included a 30-day ceasefire, sanctions relief, civilian nuclear cooperation, curbs on Iran’s ballistic missile program, enhanced IAEA monitoring, and guaranteed shipping access…

Leverage Returns To The Market

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Sebastian’s journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus…

Altcoins Tumble as Total Market Capitalization Falls Below $1 Trillion Mark – Markets and Prices Bitcoin News

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ETH and SOL Spearhead the Retreat The altcoin market endured a brutal session on Friday, March 27, as investors aggressively unwound positions in a frantic flight to liquidity. The safe haven narrative, which briefly flickered to life when the U.S., Israel and Iran began striking each other on Feb. 28, all but collapsed under the weight of a broader risk-off sentiment. According to market data, the intensified sell-off forced the total altcoin market capitalization to breach the psychological $1 trillion floor for the first time since early March. As of…

US Lawmakers Publish Competing Crypto Tax Bill Proposal

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US Representatives Max Miller and Steven Horsford published a discussion draft bill on Thursday titled the ‘‘Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act’’ or the ‘‘Digital Asset PARITY Act,” to overhaul the tax code for digital assets. The Digital Asset PARITY Act seeks to overhaul the Internal Revenue Code of 1986 by adding provisions that would clarify the tax treatment of digital assets. The legislation said that stablecoins are not subject to gains if the cost basis, or the amount paid by the investor, does not fluctuate…

California Governor Bars Policymakers From Insider Betting on Prediction Markets – Bitcoin News

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California Bans Gubernatorial Appointees From Betting on Prediction Markets With Non-Public Information The order takes effect immediately. It extends California’s existing conflict-of-interest statutes directly to prediction markets, which allow users to wager real money on outcomes ranging from elections to military strikes to economic decisions. Appointees are prohibited from using confidential or non-public information obtained through their official duties to profit personally on these platforms. The ban also covers helping family members, spouses, business partners, or associates place profitable bets using such information. “Public service should not be a get-rich-quick…

Bitcoin price hits 3‑week low below $66k as Trump’s “crypto czar” David Sacks exits

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Bitcoin price slid to its lowest level in nearly a month on Friday, just as David Sacks confirmed he is stepping down as President Donald Trump’s “AI and crypto czar,” amplifying anxiety over the policy outlook for digital assets. Summary Bitcoin drops below recent trading range as more than $500 million in leveraged crypto bets are liquidated. David Sacks exits his White House crypto advisory role after exhausting a 130‑day special‑employee term, raising questions over the durability of the administration’s pro‑Bitcoin agenda. Since Sacks’ appointment in late 2024, Bitcoin’s price…

174 Registered CASPs, but Only 14 Can Operate a Centralized Crypto Exchange (CEX)? – Legal Bitcoin News

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MiCA Decoded is a 12-article weekly series for Bitcoin.com News, co-authored by LegalBison’s Co-Founding and Managing Directors: Aaron Glauberman, Viktor Juskin and Sabir Alijev. LegalBison advises crypto and FinTech companies on MiCA licensing, CASP and VASP applications, and regulatory structuring across Europe and beyond. If the EU has already issued 174 MiCA licenses, why are there only 14 actual crypto exchanges on the list? To demystify this, we need to decode what the public registers are really telling us about how crypto businesses are setting up in Europe. That contrast,…

How ChangeNOW’s Crypto Swap API Helped Bitcoin.com Drive a 25% Increase in User Activity – Branded Spotlight Bitcoin News

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Expanding crypto swap infrastructure within a live, high- volume product is one of the more technically demanding decisions a crypto platform can make. For Bitcoin.com – a platform with over a decade of history in the crypto industry, offering a wallet, swap, news, and educational resources to millions of users worldwide – the stakes were high. The integration of ChangeNOW as a key crypto wallet swap integration partner delivered measurable results across performance, stability, and user engagement. The Challenge: Scaling Beyond a Single-Provider Crypto Swap Infrastructure For platforms serving millions…