Bitcoin
Jackson Hole: Where Fed Policy Is Decided on the Fly
Jackson Hole: Where Fed Policy Is Decided on the Fly Source link
Month: August 2023
Market Analysis
US Treasury Department and IRS Target Unreported Crypto Taxes
On Friday, the US Department of the Treasury and the Internal Revenue Service (IRS) released proposed regulations for the sale and exchange of digital assets by brokers. The regulations are part of the federal government’s […]
Ethereum
Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed's Powell's Hawkish Remarks
Federal Reserve chair Powell speaking at Jackson Hole doubled down on keeping financial conditions tight, including hiking interest rates further if needed. Source link
Bitcoin
Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service
“When gaps are pointed out to us, we seek to address and remediate them as soon as possible. In line with our ongoing commitments, payment methods on the Binance P2P platform that do not fit […]
Market Analysis
trillions of tokens sent to exchanges
At press time, PEPE was trading at $0.0000008854, down 18.06% in 24 hours. The token dropped to a low of $0.0000008058 after news of trillions of token movement emerged on August 24. The tokens were […]
Market Analysis
SEC Busts 3M Company for FCPA Violations in China
The Securities and Exchange Commission (SEC) came down hard on 3M Company on Friday, fining it over $6.5 million. The charges? Funneling bribes to Chinese hospital officials through extravagant “business trips” abroad. The American multinational […]
Regulation
Sweeping Tax Proposal From U.S. Treasury Department Met With Boos From Crypto World
“The crypto ecosystem is very different from that of traditional assets, so the rules must be tailored accordingly and not capture ecosystem participants that don’t have a pathway to compliance,” said Kristin Smith, CEO of […]
Market Analysis
Num Finance launches Colombian Peso-pegged stablecoin nCOP
Num Finance’s new stablecoin nCOP adds to the nARS and nPEN pegged on Argentina Peso and Peruvian Sol. Colombia is one of Latin America’s top remittances markets with nearly $6.5 billion of inflows. Num Finance, […]
Regulation
Bitcoin Price (BTC) Posts Modest Gain Despite Hawkish Lean to Jerome Powell Jackson Hole Speech
The price of bitcoin (BTC) initially slipped a few dollars on the hawkish lean to Powell’s remarks, but has since bounced to modestly positive on the day at $26,200. The move is perhaps not surprising […]
Bitcoin
Celsius Token Holders Lose Bid to Hike CEL Valuation
Creditors of the bankrupt crypto lender argue it should be valued at $0.80, its nominal price when the company collapsed, despite allegations of market manipulation Source link