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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Sen. Cynthia Lummis said US lawmakers are actively exploring how Bitcoin can be used for everyday payments without automatically triggering capital gains tax, framing the issue as a key obstacle to treating the asset as a true medium of exchange. Speaking on CNBC’s Squawk Box on March 5, the Wyoming Republican said discussions are underway in both the House and Senate around a potential de minimis exemption, with the figure currently being considered landing “right around $300.” Congress Eyes Tax-Free Bitcoin Payments Lummis described that threshold as…
Risk markets are taking new legs lower on Friday morning after U.S. President Donald Trump seemingly quashed any chance of some sort of negotiated settlement with Iran.”There will be no deal with Iran except UNCONDITIONAL SURRENDER,” said the president in a Truth Social post.The news sent WTI crude oil to a multi-year high near $90 per barrel, and in turn sent Nasdaq futures lower by 1.8%. That hit crypto prices as well, pushing bitcoin to new session lows, down 5% at $68,800.Economy softensU.S. payrolls unexpectedly declined by 92,000 jobs in February, highlighting a cooling U.S. labor market just as rising…
Bitcoin’s latest rally has injected fresh optimism into the market, but the analyst believes the move may be setting the stage for a critical turning point rather than the start of a sustained uptrend. After weeks of volatility and uneven momentum, BTC has climbed toward key resistance levels, prompting debate over whether the current surge reflects strength or a temporary rebound within a broader market structure. Is Bitcoin Repeating A Classic Market Structure Pattern? The reason Bitcoin is simply rallying at the current range is to set what is likely the macro lower high. Crypto analyst Ardi pointed out on…
The U.S. job market weakened appreciably in February, possibly putting back in play the chance of Federal Reserve rate cuts in the first half of 2026.The country loss 92,000 jobs last month, according to Friday’s report from the Bureau of Labor Statistics. Economists had forecast an addition of 59,000 new jobs, compared with January’s gain of 126,000.The unemployment rate rose to 4.4% versus economist expectations of 4.3%, and January’s reading of 4.3%.Under pressure overnight ahead of the report and trading down to $70,000 as oil soared higher and equity markets dipped, bitcoin BTC$70,549.10 remained right around that mark in the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin price has been trending sideways for a few weeks now, with no clear direction of where the digital asset might be headed next. During this time, there have been some buyers, but mostly, the demand has been overwhelmed by the supply. As the scramble continues to tell where the bottom might be, crypto analyst Crypto Patel has also thrown their hat in the ring, suggesting when might be the ideal time to get into Bitcoin for the most returns. If Bitcoin Falls Below This Point,…
By Francisco Rodrigues (All times ET unless indicated otherwise)Cryptocurrency prices are falling as some holders look to cash in on the mid-week bounce to $74,000 and others prefer less risky assets as the war in the Middle East escalates.Bitcoin BTC$70,109.57 has lost 3.7% in the past 24 hours, holding just above $70,000, while the wider CoinDesk 20 (CD20) index dropped 3.5% as momentum from the rally earlier in the week cools. Bitcoin cleared $74,000 on Wednesday and is still up more than 6% over five days.Illia Otychenko, lead analyst at CEX.IO, said the decline reflects selling pressure from short-term traders…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure John Daghita, a former US government contractor accused of stealing more than $46 million in Bitcoin (BTC) from the US Marshals Service (USMS), was arrested late Wednesday on the Caribbean island of Saint Martin, according to the Federal Bureau of Investigation (FBI). Joint US-French Operation The arrest was carried out in a joint operation involving US and French authorities. In a statement posted Thursday on X (previously Twitter), FBI Director Kash Patel said Daghita was taken into custody by the French Gendarmerie’s elite tactical unit in coordination…
Crypto markets demonstrated fragility on Friday, with bitcoin BTC$70,601.67 trading narrowly above a psychological level of support at $70,000.The largest cryptocurrency broke above this level on Wednesday, rising to as high as $74,000 before failing to capitalize on a lower-liquidity zone above, and falling back alongside U.S. equities.The intensifying war in the Middle East pushed oil to a new cycle high of $85 per barrel. Brent crude has risen roughly 42% since the start of the year. The surge in energy costs, alongside growing uncertainty around Iran, has prompted traders to reassess the inflation outlook in Europe, with money markets…
A US bank vice president has admitted to using sensitive customer information to steal hundreds of thousands of dollars from his employer. The US Attorney’s Office in the Western District of Oklahoma says InterBank vice president and loan officer, Timothy Abercrombie, used the privileged information belonging to InterBank customers to prepare fraudulent applications for loans. “After the loans were approved, he deposited the proceeds into checking accounts that he controlled, which were opened in the customers’ names, all without their knowledge or consent. As a result of the scheme, InterBank suffered a loss of more than $800,000.” Abercrombie worked at…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Cardano blockchain has now been integrated into the DFX.swiss platform, bringing its native token ADA to retail store payments. Cardano Can Now Be Used To Pay At Certain SPAR Stores In Switzerland As announced by the Cardano Foundation on its website, the Cardano blockchain has seen integration into DFX.swiss, a digital asset financial services platform based in Switzerland. With the integration, ADA is now a part of Open Crypto Pay, a payments standard developed by DFX.swiss. “Through the integration of Cardano, customers can now pay with…