Circle’s USDC stablecoin gobbles Tether’s market share with 50B milestone
The 50 billion USDC circulating milestone has increased Circle’s share of the stablecoin market to almost 30%.
Buying an NFT with Ethereum (ETH) Triggers Taxable Event in the US
Catch up on the latest crypto market news at The Currency Analytics. Buying NFT with ETH is taxable event in the US Crypto and NFT Tax laws are insane –…
TA: Ethereum Rallies 10%: Why More Gains Seem Possible
Ethereum started a steady increase above the $2,650 resistance against the US Dollar. ETH price could rise further if there is a clear move above the $2,800 level.
Facebook’s cryptocurrency venture to wind down after asset sale to Silvergate
Silvergate Capital Corp said on Monday it has agreed to buy Blockchain Payments Network and other intellectual property assets from Meta Platforms Inc’s digital currency venture Diem Association.
El Salvador Strikes Back at IMF’s Demand to Drop Bitcoin
The country’s finance minister treated the IMF’s demands as an affront to the nation’s sovereignty.
Diem Association confirms sale of crypto payment network to Silvergate
Meta-led stablecoin Diem confirms sale to Silvergate, after long battle with regulators. The post Diem Association confirms sale of crypto payment network to Silvergate appeared first on The Block.
US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high energy usage and carbon…
Silvergate Bank Confirms Diem Tech Acquisition
Facebook (now Meta) is officially winding down the stablecoin project it announced in June 2019.
Is the bottom in? Institutional crypto funds record second week of inflows
Despite extreme fear in the market, institutional investors appear to be re-accumulating Bitcoin using dedicated funds.
SEC Objects To MicroStrategy Accurately Valuing Its Billion-Dollar Bitcoin Stash
Commonly used accounting standards can seem unfair to companies that keep bitcoin on their balance sheets. MicroStrategy, the world’s largest corporate bitcoin holder tried fix this oversight. But the SEC…
