Detroit residents will be able to pay taxes with crypto from mid-2025
Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels.
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Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold correlation shows
Bitcoin (BTC) and spot gold (XAU) hovered below their key psychological levels on Sept. 8, as a stronger United States (USD) dollar weighed on investors' appetite for hedging assets.The BTC/USD exchange rate dropped 5.27% to its intraday low of $44,423 but recovered a portion of those losses after reclaiming the $45,000-46,000 range as support. The…

New tokens are more likely to win if they find institutional investors
Most of the new tokens launched in 2024 have fared poorly compared to their predecessors. However, institutional investment has helped some succeed.

LocalBitcoins Confirms Removal of Local Cash Trades
Global peer-to-peer (P2P) crypto exchange LocalBitcoins has officially confirmed the removal of trading in local fiat currencies, the firm announced in a tweet on June 4.As previously reported, the Finland-based exchange silently removed cash trading on June 1, which immediately caused some outrage in crypto community.In the official statement, LocalBitcoins noted that its liabilities are…

Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain
She also warned that generative artificial intelligence was like the “kid that got an ‘F’ in math.”

Uphold relaunches crypto staking in the US amid regulatory shifts
Cryptocurrency exchange Uphold has relaunched staking services in the US, citing a shift in regulatory policies and a more favorable stance toward digital assets. After resuming crypto staking in the United Kingdom in early February, Uphold has now relaunched the feature in the US, the firm said in an announcement shared with Cointelegraph on Monday

DEX derivatives market forecast to reach $3.48T in 2025: dYdX
Decentralized cryptocurrency exchanges processed $1.5 trillion in derivatives volume in 2024.

BTC Outflow on BitMEX Exceeded Inflow by $73M: TokenAnalyst
Bitcoin (BTC) outflows on major crypto exchange BitMEX have notably exceeded the inflows after the firm was reported to be a subject in a regulatory investigation.Bitcoin outflows on BitMEX exceeded inflows by $73 millionOver the past 24 hours, BitMEX saw an outflow of $83 million worth of Bitcoin, while only $12 million came in, London-based…

EU politician reveals her conversion to crypto — Eva Kaili
European Parliamentarian Eva Kaili’s conversion to cryptocurrency came as she watched her friends lose their life savings in the fallout of the Global Financial Crisis. The crunch came during the 2012 Cypriot financial crisis, when Cypriot banks collapsed and a levy was imposed on many depositors to fund the resulting bailout.“Lots of my friends lost…