Aug. 5 was one of the worst days for cryptocurrency in recent memory. Traders’ dependence on leverage has been subtly increasing market-wide dangers for months, and few anticipated this. Leveraged trading may have been the spark, but the sudden surge of the Japanese yen was the fuel. Hopefully, the effect
On Wednesday, August 14, the US Labor Department is slated to announce the Consumer Price Index (CPI) for July, which is anticipated to show a significant increase in inflation. Because of this, many are wondering whether the US Federal Reserve will be able to implement its plans to decrease interest
Starting in 2026, taxpayers will be able to report digital asset transactions using an updated draft form provided by the United States Internal Revenue Service (IRS). The Internal Revenue Service (IRS) published a revised Form 1099-DA, “Digital Asset Proceeds From Broker Transactions,” on August 8th. The form would enable US
In response to Celsius Network’s Bitcoin (BTC) fraud accusation, stablecoin issuer Tether has declined to assume responsibility. The chief executive officer of the company, Paolo Ardoino, provided a clear account of what happened between them. Celsius Network has sued the USDT issuer and its related organizations, claiming that they were
The cryptocurrency market is on a revival trend as prices have begun to once again reach their previous highs. However, the trend has not been linear as leading cryptocurrencies have exhibited struggles to surpass their previous resistance levels. Bitcoin, in the last 24 hours, made several unsuccessful attempts to surpass
This past week’s financial market selloff is proof that market participants are worried about a US recession. Even if some experts have eased worries about the economy, helping the market as a whole recover. Others are still waiting for further signs before jumping into the investing field. Put another way,
The crypto market has shown a revival in the past few days after the August first weekend market crash. Notably, the overall market cap has increased by 6.50% while the daily trading volume exhibited slight declines. Leading cryptocurrency Bitcoin showed notable surges over the past day as the present positive
A new report from Blockbridge indicates that the miner hashprice, a measure used to assess mining profit margins, has hit an all-time low of $36 petahash per second (PH/s). If the next difficulty recalculation is not modified down, the storage infrastructure business anticipates a bleak picture for miner profitability. The
A piece of legislation to legitimize Bitcoin (BTC) and crypto mining was adopted by Russian President Vladimir Putin on August 8th. As part of its foreign policy, the nation is working to lessen its need for the US currency. Approved mining enterprises will be able to register via a state
Wednesday saw a return to positive flows for the U.S.-based spot bitcoin exchange-traded funds, which reported net inflows of $45.14 million. In the previous three trading days, over $554 million departed from spot bitcoin ETFs. Among yesterday’s inflows, $52.52 million went to BlackRock’s IBIT, according to SoSoValue statistics. Then, WisdomTree’s
