Most sell risk since 3AC collapse: 5 Things to know in Bitcoin this week

Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state. 249 Total views 4 Total shares Just two weeks after being fined by Iowa’s regulators for offering and selling unregistered securities, crypto lending platform BlockFi announced on June 28 thait has received a Money Services…

The US federal court sides with the IRS in a dispute involving crypto whales and unpaid taxes. The United States Tax Court has affirmed the IRS’ decision to deny a Maryland couple an installment plan. They state instead that the couple should liquidate their $7 million cryptocurrency holdings to pay off the tax debt. The couple,…

The International Monetary Fund (IMF) has called on global regulators to pay attention and take proper regulatory action regarding Facebook’s Libra.Speaking with Reuters on July 17, Gita Gopinath, chief economist at the IMF, urged the global regulatory community to pay serious attention to Facebook’s crypto project during the early stages of its development. Gopinath emphasized…

Bitcoin (BTC) price dropped 21.3% between Feb. 21 and Feb. 28, retesting the $78,300 level for the first time since November 2024. The correction led to over $1.6 billion in leveraged long (buy) liquidations, adding to market volatility as exchanges forcefully sold contracts. The $21,210 decline marked the largest seven-day drop in Bitcoin’s history. Despite

In just 22 years, generative AI may be able to fully automate half of all work activity conducted today, including tasks related to decision-making, management, and interfacing with stakeholders, according to a new report from McKinsey & Co.The prediction came from the management consulting firm report on June 14, forecasting 75% of generative AI value…

Ethereum core developers released patches for Prysm Labs and Teku clients in response to a Beacon Chain issue preventing block finalization. 360 Total views 2 Total shares Ethereum core developers rolled out patches for Prysm Labs and Teku clients as a response to two Beacon Chain finality issues within a 24-hour period. The Beacon Chain…

Sidharth Sogani, the CEO of crypto and blockchain research firm Crebaco Global Inc, believes that India will lose around $12.9 billion worth of market if cryptocurrency is banned in the country.Sogani shared his reasoning with the news outlet AMBCrypto, which reported the matter on Aug. 8. According to the report, Crebaco’s methodology included an analysis of…

A contract-for-difference (CFD) broker says its platform is one of the first to operate in both crypto and fiat currencies — with a simple interface that’s designed to appeal to new and advanced traders alike.SimpleFX says that it already boasts more than 200,000 active traders around the world and aspires to become “the go-to app…