Blockchain analytics firm Chainalysis reports that tax evaders are increasingly using digital means such as Bitcoin Ordinals and BRC-20 tokens to conceal their income from tax authorities. In a research released on Wednesday, Chainalysis said that although tax evasion and unreported income have been around for a long time, the
Following last week’s failure to break over $83,000, the cryptocurrency market remained quiet on Wednesday as it struggled with a critical level of support. The biggest cryptocurrency has gained 0.7% since midnight UTC and is now trading around $77,400. Positive Developments After the Senate voted 50-47 to limit President Trump’s authority
On Tuesday, South Carolina’s Governor Henry McMaster signed Senate Bill 163 into law, establishing a framework that is very favorable to cryptocurrency at the state level. The bill reads: “A political subdivision shall not change the zoning of a digital asset mining business without going through the proper notice and
On Tuesday, US President Donald Trump issued an executive order directing the federal government to revise its regulatory frameworks in order to incorporate “digital assets and innovative technology into traditional financial services and payment systems.” The order said: “It is therefore the policy of the United States to streamline regulatory
The price of bitcoin has dropped significantly in recent days, from $82,000 to around $76,000 mark. A 6% drop after a robust surge from $60,000 could seem to be a typical pullback at first glance. Price action may indicate one thing, but underlying market data says something else entirely. There
In the last three days, the price of bitcoin (BTC) has fallen to a three-week low of $76,500, according to data from CMC. This wipes out all advances that bitcoin has achieved since May 1. Losses follow days of gains for the Bitcoin/USD pair, which surged to 13-week highs above
As of the first quarter of 2026, US investment bank Goldman Sachs has drastically reduced its cryptocurrency ETF holdings. There were no XRP-linked exchange-traded funds (ETFs) included in the US Securities and Exchange Commission’s (SEC) Q1 Form 13F filing with Goldman Sachs. According to Goldman Sachs’ Q42025 13F filing, four different
With assets increasing from roughly $100 million at the end of 2025 to around $235 million as of March 31, Intesa Sanpaolo, the biggest bank in Italy, more than doubled its crypto exposure in the first quarter of 2026. The bank increased its holdings in the ARK 21Shares BTC ETF and
On Thursday, the trading volume of Strategy’s perpetual preferred stock, STRC, reached a new high of $1.5 billion. STRC is the principal instrument via which Strategy plans to finance its Bitcoin acquisitions in 2026. Volume hits record high. Michael Saylor, chairman, mentioned Strategy’s Variable Rate Series A Perpetual Stretch Preferred
With Bitcoin still below $80,000 and other altcoins suffering steep losses, Thursday’s crypto market was muted. After falling as low as $78,720 on Wednesday, the biggest cryptocurrency was lately trading around $79,800. Most importantly, it is still trading below the weekly open price of $82,500. Rising Inflation Concerns and Global Political
