Tag: Cryptoslate
Blockchain
US Treasury and IRS finalize crypto broker tax reporting rules
The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28 Crypto brokers, including exchanges, will need to report gross proceeds
Blockchain
21Shares becomes second major firm to apply for a spot Solana ETF this week
Asset manager 21Shares has filed for a spot Solana exchange-traded fund (ETF), marking the second such application from a major firm this week The proposed 21Shares Core Solana ETF is designed to
Blockchain
Supreme Court overturns Chevron, reducing SEC’s ‘unilateral power’ over crypto: expert
Economist Timothy Peterson said the US Supreme Court’s decision to overturn Chevron will prevent the SEC from acting as an “automatic subject matter expert” on crypto on June 28
Blockchain
Bitdeer’s stock climbs after revealing 570 MW expansion in Ohio
Bitcoin miner Bitdeer has announced a 570 MW strategic partnership with the Monroe County Port Authority in Ohio to boost its power capacity, according to a June 28 statement shared with CryptoSlate
Blockchain
Industry experts challenge Peter Thiel’s reservations about Bitcoin’s future price potential
Peter Thiel, former PayPal CEO and co-founder of Founders Fund, recently expressed doubt about Bitcoin’s future price potential, stating it is unlikely to increase “dramatically”
Blockchain
SEC looks to end Ethereum staking through MetaMask in new lawsuit
The SEC has filed a new lawsuit against Consensys for alleged violations of federal securities laws The complaint centers on Consensys’s MetaMask wallet services, specifically the Swaps and
Blockchain
Curve Finance unlocks new potential with crvUSD fee switch
Curve Finance has implemented a fee switch for its crvUSD stablecoin to enhance adoption and ecosystem engagement, according to a statement released on June 28 Launched in 2023 by the DeFi protocol,
Blockchain
Crypto bettors speculate Biden may withdraw from election after debate performance
Online bettors on blockchain-based betting platform Polymarket are predicting that US President Joe Biden will withdraw from the upcoming US elections after his spotty performance during the
Blockchain
Government Bitcoin sales echo historic gold mistimings
Quick Take This past week, there has been significant activity involving governments selling and moving Bitcoin, notably the German government selling and the US government moving some of its Bitcoin
Blockchain
Polkadot’s SnowBridge seeks $6 million in DOT to ensure its Ethereum bridge longevity
SnowBridge, a trustless cross-chain bridge designed to link Polkadot with Ethereum, is seeking approximately $6 million in DOT tokens funding from the Polkadot community The firm’s proposal
Blockchain
Wall Street blends digital gold Bitcoin with physical gold in new ETF filings
Traditional financial institutions are finding new ways to offer investors access to digital assets via exchange-traded funds (ETFs) On June 27, Henry Jim, an ETF Analyst with Bloomberg Intelligence,
Blockchain
Public Bitcoin miners diversify into AI as market cap exceeds $25 billion
Quick Take The ongoing miner capitulation, driven by a falling Bitcoin price, declining hash rate, and a meager hash price, has significantly impacted publicly traded Bitcoin miners Despite this
