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Bitcoin ETFs and crypto stocks notched an impressive $38 billion in trading volume this week as investor excitement surged following Donald Trump’s election victory. Bitcoin itself hit a new all-time high of $89,000 on Tuesday, with exchange-traded funds (ETFs) and related stocks such as MicroStrategy and Coinbase following suit in their own record-breaking rallies. Senior...
Telekom MMS, a subsidiary of Deutsche Telekom, has launched a pilot project for Bitcoin mining using excess renewable energy. The project aims to explore the feasibility of stabilizing energy supply networks in Germany while promoting the use of sustainable energy sources. In a significant move toward integrating cryptocurrency with renewable energy solutions, Telekom MMS, part...
Central bankers are claiming that Bitcoin is unfair. By doing so, they are laying the foundation for imposing high taxes on Bitcoin—from mining to capital gains—and possibly even for an outright ban. However, much of the economic evidence, including that found in papers they themselves publish, suggests that central bankers are the true cause of...
The Italian government is considering raising the capital gains tax on Bitcoin investments from 26% to 42%, according to Deputy Economy Minister Maurizio Leo. Speaking at a news conference at Palazzo Chigi on Oct. 16, Leo discussed the new budget bill approved by the Council of Ministers, which includes the proposed increase in the withholding...
Bitcoin mining company NewRays has filed a lawsuit against Arkansas County Judge Allen Dodson and prosecuting attorney Phil Murphy, accusing them of selectively enforcing noise regulations against its crypto mining operations. The lawsuit, filed on Sept. 26, claims that the enforcement of newly enacted local laws unfairly targets the firm’s business while benefiting a civil...
Bitcoin may be set for increased volatility as the United States Federal Reserve prepares to announce its first interest rate cut since the onset of the COVID-19 pandemic. Currently trading at $59,656, Bitcoin has lost key support at the $60,000 level, and analysts suggest the Fed’s decision could introduce more uncertainty into the market. Bitfinex...
Bitcoin ATMs, once viewed as a convenient way to buy or sell cryptocurrency, are increasingly becoming prime targets for cybercriminals. The machines, often placed in gas stations and convenience stores across the United States, are susceptible to both digital and physical attacks, according to cybersecurity experts. A recent report from the Federal Trade Commission (FTC)...
In a stark reversal from previous weeks of inflows, US-listed spot Bitcoin exchange-traded funds (ETFs) experienced a substantial outflow of $287 million on September 3, leading to a price drop with Bitcoin trading around the $56,000 mark. This trend mirrors the recent performance of Ethereum-linked ETFs, which also saw consecutive days of outflows, with ETH...
The price of Bitcoin is facing significant downside risk as over $1.4 billion worth of options contracts are set to expire on August 16, potentially pushing the cryptocurrency below a critical support level of $56,000. With Bitcoin currently trading around $58,101, down 3.6% in the past 24 hours, the market is bracing for heightened volatility...
Mox, a virtual bank based in Hong Kong and a subsidiary of Standard Chartered, has become the first bank of its kind to offer direct trading of spot Bitcoin and Ether exchange-traded funds (ETFs) to its customers. Announced on August 7, Mox’s new service includes spot crypto ETF trading, with plans to expand its offerings...
