Category: Other Crypto News

Bitcoin Omitted From PARITY Act’s Tax Relief, BPI Urges Inclusion Of Miners

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

California Governor Newsom Signs Prediction Market Insider Trading Order

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California Governor Gavin Newsom signed an executive order on Friday, expanding rules to curb public servants and those close to them from benefiting from insider trading on prediction markets tied to political or economic events they can influence or are privy to. The order prohibits “gubernatorial appointees,” public officials appointed to office by the governor of the state, from using “confidential or non-public information” gleaned from performing their duties to profit from related prediction markets. Newsom’s executive order also extends the prohibition to include spouses, family members or former business…

Bitcoin Traders Bet On Sub-$66K BTC In April Due To Rising Fear

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Key takeaways: Bearish sentiment is rising as Bitcoin options professional traders lose confidence that the $66,000 level will hold for long. The exit of David Sacks as the Crypto and AI czar and a lack of a clear US Strategic Bitcoin Reserve plan added to investors’ doubts. Bitcoin (BTC) fell to $65,530 on Friday, an 8% decline from the $71,300 level seen on Thursday. This move wiped out over $210 million in leveraged bullish Bitcoin futures and left most call (buy) options worthless during the $18.6 billion monthly expiry. Traders…

Stablecoin Jitters, AI Micropayments Reshape Crypto

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Stablecoins are once again at the center of the crypto business narrative — but for very different reasons. Circle’s sharp sell-off this week highlights how sensitive crypto equities remain to regulatory headlines, even when the underlying business fundamentals appear unchanged. At the same time, developments in Canada show institutions are moving in the opposite direction, quietly laying the groundwork for stablecoin integration into traditional finance. Elsewhere, prediction markets are facing growing pressure to clean up their act as regulators zero in on manipulation risks, while a new thesis from Forrester…

P2P.me Team Discloses Polymarket Bets Tied to Funding Round

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The team behind the P2P.me decentralized trading platform disclosed that it opened positions on the Polymarket prediction market related to its recent capital raise. The team opened the positions 10 days before the raise went live, wagering whether the project would hit its $6 million fundraising target, according to a disclosure published on the X social media platform. At the time the positions were opened, P2P.me had only one “oral commitment” from venture firm Multicoin Capital for $3 million in funding, “no signed term sheets” and “no guaranteed allocations,” the…

Bitcoin, Altcoins Give Back March Gains As Investors Cut Risk

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Key points: Bitcoin’s fall below the $66,000 support heightens the risk of a drop to the $62,500 level. Select major altcoins have broken below their immediate support levels, opening the gates for further downside. Bitcoin (BTC) is under pressure from the bears, who are attempting to sustain the price below the $66,000 level. The uncertainty regarding the US and Israel-Iran war is capping the upside and putting downside pressure. US spot Bitcoin exchange-traded funds recorded $171 million in outflows on Thursday, the biggest since the $348 million in redemptions on…

XRP At $10 Is Too Low? Analysts Share Where The Price Should Be

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Analysts suggest that the XRP price, currently sitting near $1.40, is undervalued. Although the cryptocurrency rose above $3 last year, it failed to reach a new all-time high and has since faced a major downturn as its technical structure weakened. Despite this, analysts maintain a strong bullish outlook, arguing that even a $10 valuation is too low for the cryptocurrency. At the same time, other experts are highlighting developing factors that could help XRP break free from its current suppression and potentially reach higher levels.  What XRP’s Fair Value Really…

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…

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…

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…