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France to Explore Crypto Tax Treatment Next Year

October 17, 2022
France to Explore Crypto Tax Treatment Next Year

France will review its crypto tax rules next year as it seeks to become the world’s leading blockchain hub – and won’t seek to simply replicate existing norms for stocks, Finance Minister Bruno Le Maire … Read more

Categories Cryptocurrency Tags bitcoin, BTC, crypto tax, France

A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes

October 15, 2022
A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes

Hundreds of thousands of brand new mining rigs that could be generating bitcoin (BTC) have never been used, further skewing the economics of cryptocurrency mining, a sector that has been hit hard by sinking prices … Read more

Categories Cryptocurrency Tags bitcoin, bitcoin mining rigs, BTC, CleanSpark

It’s Payrolls Day Again, and Bitcoin Holds Tight Near $20K

October 7, 2022
Payrolls rose 315,000 in August as companies keep up hiring pace

Bitcoin (BTC) dipped below the $20,000 mark Friday, down almost 1% on the day, as traders in both crypto and stock markets awaited September’s jobs report in the U.S. The world’s largest cryptocurrency by market value has … Read more

Categories Cryptocurrency Tags bitcoin, jobs report, OANDA

First Mover Americas: Bitcoin Stays Close to $20K, Sushi’s Token Surges 14%

October 6, 2022
Bitcoin is holding up better than stocks. Why it could fall below $20,000 soon.

Bitcoin (BTC) remained at the $20,000 level on Thursday as U.S. stock futures traded down, suggesting U.S. markets could stumble for a second day in a row after a two-day winning streak. The dollar eased … Read more

Categories Cryptocurrency Tags bitcoin, Ether, First Mover Americas

Grayscale debuts bitcoin mining investment LLC as businesses show ‘distress’

October 6, 2022
Grayscale debuts bitcoin mining investment LLC as businesses show 'distress'

In the thick of crypto winter, asset manager Grayscale Investments says it’s the right time to get into the bitcoin mining business and is asking investors to jump in with the firm. The crypto company … Read more

Categories Cryptocurrency Tags bitcoin, crypto winter, Grayscale Investments

Is Bitcoin Finally Bottoming? Maybe, ARK Investment Says

October 5, 2022
Bitcoin Logo

Bitcoin showed signs of bottoming in September, analysis from ARK Investment’s Bitcoin Monthly report shows. The investment firm led by Cathie Wood releases monthly updates on the cryptocurrency space. Last month, Bitcoin found resistance at … Read more

Categories Cryptocurrency Tags ARK Investment, bitcoin, US Federal Reserve

First Mover Americas: Bitcoin Falls to $18.5K, as Bank of England to Buy Bonds to Stem Crisis in UK

September 28, 2022
Bitcoin crypto

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Price Point After breaking above $20,000 on Tuesday, bitcoin … Read more

Categories Cryptocurrency Tags Bank of England, bitcoin, BOE, Bonds

Jamie Dimon calls crypto tokens ‘decentralized Ponzi schemes’

September 22, 2022September 22, 2022
Jamie Dimon calls crypto tokens ‘decentralized Ponzi schemes’

JPMorgan Chase CEO Jamie Dimon likened crypto tokens to Ponzi schemes before a U.S. House Committee Oversight hearing on Wednesday, reiterating his well-known criticism of cryptocurrencies. “I’m a major skeptic on crypto tokens, which you … Read more

Categories Cryptocurrency Tags bitcoin, crypto tokens, decentralized ponzi schemes, DeFi, Jamie Dimon, JPMorgan Chase

Bitcoin Keeps Falling. Where It Could Stop and Why the Fed Isn’t Helping.

September 21, 2022
Bitcoin Falls After breaking through $25K barrier

BitcoinBTCUSD +1.09%  and other cryptocurrencies slipped Wednesday as risk sentiment faltered across markets in the lead-up to the latest monetary policy decision from the Federal Reserve. The price of Bitcoin has fallen 0.3% over the past 24 … Read more

Categories Cryptocurrency Tags bitcoin, Fed, risk sentiment

Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates

September 21, 2022
Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates

With risk assets, including bitcoin, under pressure ahead of Wednesday’s pivotal Federal Reserve (Fed) meeting, pundits think markets have already incorporated a super-sized rate hike. So the focus will be on what the Fed says concerning … Read more

Categories Cryptocurrency Tags bitcoin, Consumer Price Index, Fed
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