Bitcoin bounces back after market jitters: Arthur Hayes forecasts $1 million
Despite fears of an impending recession earlier this week, analysts are again optimistic that bitcoin can reach $1 million.
BlackRock’s Wei Li Sees Risk of Donald Trump Challenging Fed’s Independence
(Bloomberg) -- Treasury investors should consider the possibility of a Donald Trump presidency after the Republican candidate said he would look to influence US monetary policy if elected, according to Wei Li, global chief investment strategist at BlackRock. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionWhen Climate Funds Pay for Highway
IRS Shares New Crypto Tax Form, Invites Industry Input
The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA.
IRS Shares New Crypto Tax Form, Invites Industry Input
The IRS’ new U.S. crypto tax regime will begin to go into effect for 2025 taxes, though some controversial aspects remain to be worked out.
Crypto Needs to Radically Rethink Token Distribution
The prevailing “low float, high FDV” model can generate significant initial interest in project but benefits tend to disintegrate in the long-term, says Lava Network's Ethan L...
What the NYT and Washington Post Op-Eds Get Wrong About Crypto
It’s long past time for critics to look past their biases and recognize the reality of the digital assets industry, say Sheila Warren and Justin Slaughter.
Ripple Begins Testing Its Stablecoin on Ethereum and XRP Ledger
The company said it plans to use both Ripple USD (RLUSD) and XRP for cross-border payments services.
Atari Revives Its Classic ‘Breakout’ Game on Ethereum Layer-2 Base
Legendary game publisher Atari is back with its next augmented version of a classic video game, this time bringing the 1976 classic Breakout to Coinbase’s Ethereum layer-2 network Base. As a part of Base’s “OnChain Summer,” players can compete against others for a top spot on the Atari Breakout leaderboard. The players with the highest scores will have a chance to win weekly prizes, including a retro 2600+ game console, gift cards, and more. ? OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ ? The Onchain Arcade is back with...
This Week in Coins: Bitcoin Ends in the Red, but Some Alts Survive a Crazy Week
Illustration by Mitchell Preffer for Decrypt. When people talk about crypto’s volatile nature, they’re referring to weeks like this. Bitcoin was at one point trading for below $50,000 per coin on Monday after a jobs report sparked fears that the U.S. economy was headed in the wrong direction. And a phenomenon dubbed the “carry trade”—a well-known trick where traders around the world use a different currency to buy risk assets denominated in dollars—seemed to be coming undone when the Japanese y...
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