In a significant legislative maneuver, the U.S. House of Representatives has passed H.J. Res 25, a resolution that rejects the IRS’s ill-advised broker rule on decentralized finance (DeFi). This rare moment of bipartisan agreement counts a staggering 292 votes in favor against 132 opposed, showcasing an undercurrent in Congress for the protection of financial innovation.
Crypto
As the cryptocurrency market takes a nosedive, it’s essential to understand that this downturn isn’t merely a blip; it could indicate a more profound crisis within the sector. Recently, Bitcoin (BTC) shattered the psychological barrier of $77,000—an event not seen since November 2024. This slide below a critical support level might appear to be yet
In a striking maneuver that has caught the attention of both investors and skeptics alike, Strategy, led by the visionary Michael Saylor, has announced a monumental sales agreement to issue up to $21 billion in 8% Series A Perpetual Strike Preferred Stock. This bold financial undertaking signifies an aggressive push towards capitalizing on the booming
Bitcoin has stumbled, leaving the world of cryptocurrency buzzing with unease. Recently slicing through the critical 200-day moving average of $83,000, it stands at a precarious crossroad, where fear overtakes optimism. This is not mere speculation; the data clearly reflect a marketplace teetering on the brink of bearish sentiment. Once, a convincing force, the $92,000
It seems like the cryptocurrency market has traded in its stable days for a whirlwind of unpredictability. As Bitcoin (BTC) demonstrated recently, the concept of a “boring day” is now an antique idea in the ever-fluctuating landscape of digital currencies. In a matter of days, Bitcoin’s price has seen dramatic highs and perils, with a
In recent months, the stablecoin market has undergone a seismic shift as regulatory frameworks influence dynamics in ways we haven’t seen before. One of the most striking trends is the meteoric rise of USDC, which now commands an impressive 8.26% of Binance’s stablecoin distribution. Just a year ago, USDC barely registered on the radar with
The recent actions taken by the U.S. Department of the Treasury against Behrouz Parsarad and his infamous Nemesis marketplace highlight a grim reality: darknet operations aren’t just surviving—they’re thriving, even in the face of law enforcement crackdowns. Despite the seizure of servers and blacklisting of over 49 cryptocurrency addresses linked to illegal activities, the number
Dogecoin (DOGE), once a beacon of enthusiasm in the cryptocurrency world, is grappling with a host of challenges that threaten its status as the leading meme coin. Currently trading at approximately $0.19, DOGE has plunged nearly 20% over the last fortnight. This decline highlights the fragility of its market presence and raises questions about its
In the ever-volatile world of cryptocurrency, stability often masks impending turmoil. For the last 24 hours, Bitcoin (BTC) has settled at approximately $86,000, showcasing a marginal decline of just 0.4%. While some might interpret this lull as a positive sign, it’s crucial to remain skeptical. The cryptocurrency market is typically characterized by drastic fluctuations, and
In recent weeks, the cryptocurrency market was adorned with promising news that momentarily lifted investors’ spirits, especially when Bitcoin (BTC) saw a brief surge. However, that optimism evaporated as quickly as it appeared, leaving the market stagnant and struggling to find its footing. The CryptoQuant report showcased a disconcerting trend: real spot demand for BTC
