The yellow metal has risen as stocks (and bitcoin) have crumbled over the past few weeks. What to know: After the meekest of rallies yesterday following some soft inflation numbers, U.S. stocks Thursday are once again headed sharply lower and apparently pulling bitcoin (BTC) along for the ride. Just ahead of the noon hour on […]
The SBR will elevate bitcoin’s institutional standing, the report said. What to know: The establishment of a Strategic Bitcoin Reserve (SBR) in the U.S. is a “monumental endorsement” of the world’s largest cryptocurrency, broker H.C. Wainwright said in a research report Monday. The move mints bitcoin’s “legitimacy in the mold of humanity’s most historically prized […]
An examination of the incentives created by structuring a Bitcoin reserve to hold seized coins with civil asset forfeiture existing. Yesterday, President Trump announced the long awaited Strategic “Bitcoin” Reserve on Truth Social, and many in the space are pissed. First, the Reserve appears to be far from Bitcoin only. “They’re doing DEI for Charles […]
Expectations of bigger plans for the largest cryptocurrencies fell short on Friday as the first-ever presidential crypto summit ended with promises of stablecoin legislation and lower regulatory resistance. What to know: The much-anticipated White House Crypto Summit on Friday ended with a whimper rather than a bang for cryptocurrency traders, sending altcoins like XRP, Cardano’s […]
Brian Armstrong said recent policy shifts warrant a new push in the U.S., and president’s working group chief Hines said Trump is delivering on crypto promises. What to know: WASHINGTON, D.C. — As he walked out of the White House’s crypto summit on Friday, Coinbase CEO Brian Armstrong said his U.S. exchange is planning to […]
In a vote of 25-5, Texas’ bitcoin reserve legislation has been approved by the Senate. It will now advance to the House. Today, the Texas Senate has passed SB 21, a bill aimed at creating a strategic Bitcoin reserve for the state, by a vote of 25-5. The bill will now advance to the Texas […]
The U.S. president directed his administration to establish a bitcoin reserve to hold seized assets, and it’s setting up a separate crypto stockpile. What to know: President Donald Trump has directed his administration to establish a Bitcoin Strategic Reserve to hold the assets that have been seized by the government, and he’s additionally called for […]
Maybe adding CBDCs to the BSR is an example of 4-D chess? This may come as a shock to those suffering from what I call “Type 2 TDS” (Trump Divinity Syndrome) but the president’s declaration to add sh*tcoins to the national strategic reserve contradict his own declarations against Central Bank Digital Currencies (CBDCs) The inciting […]
A summary of the current state of the IRS Broker Rule, declaring non-custodial front-ends for smart contracts brokers for reporting requirements. Between the holidays and New Years, the IRS used the last passing days of the Biden administration to finalize its long feared Broker Rule: a regulation requiring all cryptocurrency exchanges – custodial and non-custodial, fiat to crypto […]
Though it may seem contrary to the industry’s Do Your Own Research ethos that is particularly beloved by purists, successfully unlocking crypto access for high net worth investors and their advisors will propel the industry forward, says Binance’s Catherine Chen. The success of bitcoin spot ETFs combined with bitcoin’s price action have driven investors to […]