Former NY Fed President Bill Dudley cautions that creating a federal Bitcoin reserve could strain public finances, drive up inflation, and provide limited benefits to most Americans. He highlights Bitcoin’s volatility, capped supply, and economic risks, urging policymakers to focus on regulation instead.
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Category: Bitcoin
Czech Republic Approves Capital Gains Tax Exemption for Bitcoin Held Over Three Years
The Czech Republic has approved a capital gains tax exemption for Bitcoin held for over three years, aligning its taxation with traditional financial instruments and encouraging long-term investments in the cryptocurrency market starting January 1, 2025.
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MicroStrategy Surges 8% After Bitcoin Reaches $100k
Michael Saylor-created software firm MicroStrategy surged over eight percent Thursday after Bitcoin finally crossed its long awaited $100k mark late Wednesday. The token’s latest boost puts the company’s stock up nearly 600% just this year, outpacing the S&P 500.
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Nasdaq-Listed Worksport Adds Crypto to Corporate Treasury Strategy
Nasdaq-listed Worksport (WKSP) announced it is planning to adopt Bitcoin and XRP as part of its corporate treasury strategy.
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Bitcoin Hits $100K Milestone – Will $150K Come Sooner Than Expected?
Bitcoin has smashed through the $100,000 barrier, with analysts predicting that it will rise even higher in the coming months.
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Hut 8 Launches $500M ATM Program and $250M Stock Repurchase Plan
Hut 8 announces a $500M at-the-market offering to expand its digital infrastructure and acquire Bitcoin reserves, alongside a $250M stock buyback plan designed to deliver shareholder value and support long-term financial goals amid volatile market conditions.
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Bitcoin Soars To $100k – What Drove The Price Up and What’s Next?
Market analysts believe that Bitcoin breaking $100,000 was imminent, as a number of factors perfectly aligned to drive the price up.
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Bitcoin Spot ETFs See $557M Inflows, BlackRock’s IBIT Leads with $572M
The U.S. spot Bitcoin exchange-traded fund (ETF) market witnessed a surge in activity on Wednesday, with total inflows reaching $557 million.
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Mt. Gox Transfers $2.4 Billion in Bitcoin to Unknown Address Amid Surge to $100,000
A wallet tied to the now-defunct crypto exchange Mt. Gox moved 27,871 Bitcoin, with over $2.4 billion worth of Bitcoin transferred to an unidentified address
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BIT Mining Continues Focus on Litecoin and Dogecoin Mining
BIT Mining remains a leading player in Litecoin and Dogecoin mining, reporting significant hash rate contributions and profitability driven by LD3 miners. The company highlights its strategy to adapt to market trends and optimize mining hardware for consistent returns in altcoin mining.
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