Tag: Crypto

Jack Dorsey ‘Really Excited’ About Block’s Bitcoin Mining Suite That Could Challenge Foreign Dominance: ‘Customers Want Other Options’

Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), voiced optimism for the firm’s Bitcoin (CRYPTO: BTC) mining products suite, Proto, on Thursday, hoping to gain a broader share of the largely untapped sector. What Happened: During the company’s fourth-quarter earnings call, Dorsey said the company was “really excited”...
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Bitcoin Breaches $98K, Ethereum, Dogecoin Flat As SEC Relaxes Crypto Enforcement: Top Analysts Are Focused On This Level For A Potential BTC Upside

Leading coins jogged while stocks sank on Thursday as the Securities and Exchange Commission scaled back cryptocurrency oversight. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m. ET) Bitcoin (CRYPTO: BTC) +1.63% $98,192.29 Ethereum (CRYPTO: ETH)                +0.43% $2,734.93 Dogecoin (CRYPTO: DOGE)           -0.68% $0.2536 What Happened: Bitcoin rose above $98,000 for...
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Did You Trade Crypto This Year? 3 Common Tax Mistakes That Could Cost You Big Time—And How To Avoid Them

Cryptocurrency investors face increased scrutiny from tax authorities this filing season, with potentially costly consequences for those who misunderstand reporting requirements. The Internal Revenue Service considers every cryptocurrency transaction taxable, even those that don’t involve conversion to dollars. “A lot of people still believe crypto-to-crypto trades aren’t taxable because...
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Bitcoin ETFs See Institutional Ownership Multiply 55x In Less Than A Year

The institutional adoption of Bitcoin exchange-traded funds (ETFs) has experienced an unprecedented surge in the past 11 months, underscoring a tectonic shift in the way traditional investors interact with digital assets. Bitwise data indicates that the number of institutional holders of US spot Bitcoin ETFs has increased by nearly...
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