Crypto

A collection of 764 posts

Regulations

Senator Lummis Proposes Tax Reform Bill for Bitcoin and Crypto

Senator Cynthia Lummis, a Wyoming Republican, introduced new legislation on Thursday to overhaul the tax treatment of digital assets, aiming to eliminate policies she views as barriers to innovation. The bill, which closely mirrors provisions she recently attempted to include in a broader legislative package, seeks to modernize the U.

Regulations

SEC Signals Shift Toward Crypto Tokenization and Regulatory Clarity

The U.S. Securities and Exchange Commission is charting a new course for cryptocurrency regulation, emphasizing innovation, tokenization, and market efficiency while moving away from outdated enforcement driven tactics. In a significant policy shift, SEC Chair Paul Atkins outlined the agency’s commitment to fostering a transparent and supportive environment

Coinbase

Supreme Court Rejects Coinbase's Request to Block IRS Access to Crypto Records

The United States Supreme Court has opted not to review a case involving a Coinbase user’s attempt to shield his cryptocurrency transaction records from an Internal Revenue Service (IRS) summons. This decision, announced in an order on Monday, upholds lower court rulings that permit the IRS to access specific

Bitcoin

Trump Champions Bitcoin Industry Growth at White House Press Briefing

President Donald Trump voiced strong support for the U.S. cryptocurrency industry during a White House press briefing on Friday, emphasizing its importance to the nation’s economy and global standing. He argued that Bitcoin and other digital assets are not only fostering job creation but also alleviating pressure on

Bitcoin

New York City Aims to Become Global Crypto Capital Under Mayor Adams

New York City is positioning itself as a frontrunner in the global cryptocurrency race, driven by Mayor Eric Adams’ ambitious plans to overhaul restrictive regulations and integrate Bitcoin and crypto across the city. Speaking at the Tokenization and Programmable Real World Assets Injective Summit on June 26, 2025, Adams outlined

Gemini

Crypto Exchange Gemini Expands into Tokenized Stocks with MSTR Launch for EU Traders

Crypto exchange Gemini is stepping into tokenized stocks, offering its European Union based traders a new way to invest in onchain equities. The firm announced on Friday that it will begin with tokenized shares of Strategy, formerly known as MicroStrategy (MSTR), with plans to introduce additional stocks and exchange-traded funds

Bitcoin

Trump’s One Big Beautiful Bill Lacks Bitcoin Tax Provisions as Advocacy Grows

The “One Big Beautiful Bill” (H.R.1), a sweeping legislative proposal introduced in the 119th Congress, has sparked interest within the Bitcoin and cryptocurrency community. Recent claims made by Bitcoin Magazine CEO David Bailey suggest the bill may include provisions to exempt Bitcoin transactions under $600 from capital gains

Strategic Bitcoin Reserve

Trump Admin Considers Disclosing US Bitcoin Holdings as Strategic Reserve Plans Advance

The Trump administration is weighing a significant move to enhance transparency in its cryptocurrency strategy by potentially releasing a Treasury Department report detailing the US government’s Bitcoin holdings. Bo Hines, senior advisor to President Trump on digital asset policy, announced on Thursday that the administration might voluntarily publish these

Kalshi

Kalshi Secures $185 Million Funding at $2 Billion Valuation Amid Prediction Market Surge

New York-based prediction market startup Kalshi announced on Wednesday that it has raised $185 million in a funding round, valuing the company at $2 billion. The investment, led by crypto-focused venture capital firm Paradigm, marks a significant milestone for Kalshi, cementing its status as a “unicorn” in the rapidly evolving

Regulations

FHFA Directs Fannie Mae and Freddie Mac to Include Crypto in Mortgage Loans

The Federal Housing Finance Agency (FHFA) has issued a new directive ordering Fannie Mae and Freddie Mac to develop plans for incorporating Bitcoin and cryptocurrency assets into mortgage underwriting processes. This move, announced by FHFA Director William Pulte on June 25, 2025, aligns with President Trump’s vision to establish

Markets

Bitcoin Surges Past $108,000 as Geopolitical Tensions Ease and Fed Signals Steady Rates

Bitcoin soared beyond $108,000 on Wednesday, June 25, 2025, recovering from weekend losses triggered by heightened Middle East tensions. The cryptocurrency had slipped below $100,000 on Sunday amid Israeli missile strikes on Iran and retaliatory Iranian air raids. A tentative ceasefire agreement between the two nations, announced on

Crypto

Barclays Halts Bitcoin and Crypto Credit Card Transactions as Global Mainstream Push Grows

British banking giant Barclays announced it will cease processing Bitcoin and cryptocurrency transactions on its credit cards starting June 27, 2025, according to a notice on its official website. The decision aligns with similar moves by other major lenders but contrasts with the growing global acceptance of cryptocurrencies, particularly in

Polymarket

Polymarket Nears $200 Million Fundraise, Signaling Investor Confidence in Decentralized Prediction Markets

Polymarket, a leading developer of decentralized prediction markets, is reportedly close to securing a $200 million funding round that would value the company at $1 billion, according to sources cited by The Information. This significant investment reflects growing investor enthusiasm for blockchain based prediction platforms, even as trading volumes have

Markets

Bitcoin Surges Past $105K as Israel-Iran Ceasefire Sparks Crypto Rally

Bitcoin (BTC) staged a remarkable recovery on June 23, 2025, climbing back above $105,000 after a brief dip below the $100,000 mark earlier in the day. The price movement came amid heightened geopolitical developments in the Middle East, with markets reacting to an Iranian missile strike on a

Hack

Crypto Website Attacks Surge as Trezor, CoinMarketCap, and Cointelegraph Face Exploits

A wave of cyberattacks has hit major cryptocurrency platforms, with Trezor, CoinMarketCap, and Cointelegraph all reporting security breaches over the past few days. These incidents, occurring between June 20 and June 23, 2025, highlight a growing threat to crypto users as hackers exploit website vulnerabilities to launch phishing scams and

Markets

Bitcoin Drops to $98K as Iran’s Strait of Hormuz Closure Threat Rattles Market

Bitcoin experienced a sharp decline on Sunday, June 22, 2025, falling from a recent high of nearly $103,000 to around $99,700, triggered by escalating geopolitical tensions in the Middle East. The price drop followed Iran’s Parliament approving the potential closure of the Strait of Hormuz, a critical

Markets

Bitcoin Price Falls After U.S. Bombs Iran and Sparks Market Turmoil

The crypto market faced a sharp downturn on Saturday evening following U.S. President Donald Trump’s announcement of a successful airstrike targeting three nuclear sites in Iran. Bitcoin, the leading digital asset, dropped to $100,945 per coin, erasing roughly $40 billion from the crypto market’s value in

Crypto

Reddit Explores Using World Crypto Project for Account Verification

Reddit, a leading social media platform known for its pseudonymous user interactions, is reportedly considering adopting World ID, a biometric verification system developed by World, a cryptocurrency project co-founded by ChatGPT and OpenAI CEO Sam Altman. According to Semafor, this move aims to verify that Reddit users are unique individuals,

Stablecoin

Stablecoins Undermine Decentralization and the Vision for Financial Freedom

In 2008, Satoshi Nakamoto introduced Bitcoin with a revolutionary idea: a decentralized, peer-to-peer digital cash system that bypassed banks, governments, and intermediaries. The Genesis block’s embedded message, referencing a 2009 news headline about bank bailouts, underscored Bitcoin’s purpose as a rebellion against a flawed financial system. It promised

Elon Musk

Elon Musk's X Platform Set to Launch Financial Services Including Investments and Trading

X (formerly Twitter), the social media platform owned by Elon Musk, is poised to transform into a comprehensive financial hub, with chief executive Linda Yaccarino announcing plans to enable users to make investments and trades directly on the platform. Speaking at the Cannes Lions advertising festival, Yaccarino outlined a vision

Scam

Feds Confiscate $225 Million in Tether Stablecoin from Pig Butchering Scams

Federal authorities have executed a huge operation, seizing approximately $225.3 million in cryptocurrency linked to widespread investment scams, marking the largest such seizure in U.S. Secret Service history. The joint effort, involving the U.S. Secret Service, FBI, and the U.S. Attorney’s Office for the District

Hack

Iranian Crypto Exchange Nobitex Loses $81.7 Million in Geopolitically Charged Hack

On June 18, 2025, Nobitex, Iran’s largest cryptocurrency exchange, suffered a devastating cyberattack that resulted in the theft of approximately $81.7 million in digital assets. The breach, one of the most significant crypto exchange hacks of the year, targeted hot wallets across multiple blockchains, including Bitcoin, Tron, Dogecoin,

Stablecoin

Senate Passes GENIUS Act to Regulate Crypto Stablecoins

The U.S. Senate voted 68-30 on Tuesday, June 17, 2025, to pass the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, marking the first significant cryptocurrency legislation to clear the chamber. The bill, sponsored by Republican Senator Bill Hagerty, aims to create a robust regulatory framework

Gemini

Gemini Crypto Exchange Accuses CFTC of Abusive Practices in 7 Year Legal Battle

Gemini, a prominent U.S. based cryptocurrency exchange, has lodged a formal complaint against the Commodity Futures Trading Commission (CFTC), alleging the agency engaged in a prolonged and unjust campaign against the firm. In a detailed letter to the CFTC Inspector General, Gemini’s legal team claims the agency’s

Sam Bankman-Fried

Sam Bankman-Fried Satirized in Prison Musical with Diddy and Luigi Mangione

A new satirical musical featuring a fictionalized Sam Bankman-Fried (SBF) as a prison inmate has taken San Francisco by storm, selling out its entire run in just 24 hours. Titled “Luigi: The Musical,” the one-act play opened last Friday at the Taylor Street Theatre, delivering commentary on Silicon Valley culture