Michael Saylor, a billionaire Bitcoin advocate and founder of software company MicroStrategy, and the District of Columbia have negotiated an unprecedented $40 million settlement. Claims of tax fraud led to the settlement. In addition, this settlement is the biggest recovery for income tax fraud in the history of the district.
In order to further its proprietary “PARANOID” blockchain technology, the US Navy is looking for commercial sector partners to form a cooperative research and development agreement (CRADA). A blockchain-based system called PARANOID (Powerful Authentication Regime Applicable to Naval Operational Flight Program Integrated Development) provides software security throughout development and deployment
A recent Harris Poll study of American voters indicated that inflation and geopolitical worries have made more and more people resort to Bitcoin. The poll, which was sponsored by Bitcoin ETF issuer Grayscale, found that one-third of American voters will think about a candidate’s position on cryptocurrency before casting their
Bitcoin began June on a dull note, entering the bearish zone and dropping below $67.5K. However, over the past 24 hours, it has shown signs of a slow recovery. The lowest and highest prices today ranged between $67,315.53 and $68,743.08. Currently, Bitcoin is trading at $68,688.70, reflecting a 1.43% price
Bitcoin’s price has slipped today, while Ethereum continues to maintain slight positive momentum, sparking intense market discussions about the divergence between the two leading cryptocurrencies. A recent report from QCP Capital sheds light on the factors influencing these dynamics and highlights why analysts remain bullish on Ethereum. Bitcoin’s recent decline
Bitcoin (BTC), the leading cryptocurrency by market cap, hit close to its all-time high last month, fluctuating between $58,000 and $71,000. Currently trading at $67,668, BTC is struggling to break past the $68,000 mark amid a recent decline. In the past 24 hours, BTC prices have dropped by 1.05%, with
With a net inflow of $48.71 million, U.S. spot bitcoin exchange-traded funds have now recorded 13 days of net inflows. Two bitcoin funds, one from Fidelity and the other from Ark Invest and 21Shares, had large movements yesterday. SoSoValue data shows that FBTC (Fidelity) led net inflows of $119 million
Patrick McHenry, a Republican senator from the United States, has pushed the Senate to approve a landmark bill regulating cryptocurrency before the November presidential election. On May 22, with 71 Democrats and 208 Republicans in support, the Financial Innovation and Technology for the 21st Century Act (FIT21) was approved by
Bitcoin (BTC) has showcased significant market fluctuations recently, reflecting mixed sentiment, among investors. Today Bitcoin’s price movements were influenced by the anticipation surrounding macroeconomic data and the impact of the Bitcoin Spot ETF. After briefly surpassing $70,501 on May 27, Bitcoin faced substantial support and dropped 5% in 2 days
The crypto space’s flagship asset, Bitcoin, is still the biggest cryptocurrency by market cap, but it has never been really programmable, scalable, or popular among developers. Nevertheless, there has been a shift. There has been a dramatic increase in the volume of discourse around potential solutions to Bitcoin’s scalability with
