Coinbase launches a derivatives exchange in Bermuda amidst regulatory challenges, while Hong Kong-based BIT Mining Ltd. rolls out the LD4 Dogecoin and Litecoin mining machine. Crypto market fluctuations and meme-based tokens’ sustainability remain hot topics as the industry faces mixed growth signals.
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Federal Reserve’s Impact on Bitcoin: Interest Rate Decision and the Future of Crypto
As the Federal Reserve prepares to announce its interest rate decision on May 3, the cryptocurrency market faces uncertainty, with bitcoin trading within a tight range. Investors explore alternative safe havens, including cryptocurrencies, in response to ongoing challenges in the banking industry and economic uncertainty, driving the future adoption of digital assets.
New Tax Framework for Crypto Losses: Pros, Cons, and Potential Market Impact
Researchers have proposed a new tax framework for cryptocurrency losses, recommending changes to prevent taxpayers from offsetting crypto losses against other capital gains. If adopted, this could impact investment behavior, market volatility, tax compliance, and industry growth while potentially reducing capital flow into the crypto market.
Bitcoin Boom Amid Bank Failures: Exploring Crypto’s Role in a Disordered Economy
As the U.S. government orchestrates yet another financial rescue plan – with JPMorgan Chase acquiring […]
Bitcoin’s New Transaction Record: The Ordinals Revolution and Its Impact on the Crypto Ecosystem
Bitcoin has recently set a new transaction record with over 568,300 processed in a single […]
Crypto Tax Countdown: IRS Preps Guidance, Bitcoin Mining Costs Soar, Market Update Rollercoaster
The crypto world stands on the brink of significant changes as the United States Internal […]
Bitcoin Mining: A Blast from the Past or the Key to Future-Proofing the Industry?
Bitcoin mining: A mere memory of the past or is it the driving force that […]