Cryptocurrency News

The Digital Chamber, a crypto trade association led by CEO Cody Carbone, sued the state of Illinois over its new Digital Asset Tax Act, becoming the first industry group to challenge the nation’s first state-level tax targeting crypto business activity. A 0.2% Tax on Every Transfer The Digital Chamber filed its complaint in Sangamon County…Read More

Bitcoin has overtaken gold as the preferred hard asset among American investors, according to bitcoin financial services firm River. The firm found that 49.6 million Americans, or 18.6% of the adult population, now own bitcoin, compared to 28.8 million, or 10.8%, who hold gold. Bitcoin Adoption Outpaces a 5,000-Year-Old Rival River, a bitcoin-focused financial services…Read More

Scott Bessent has said that the CLARITY Act is at the “1-yard line” and urged Congress to pass it before recess, even as Senator Kirsten Gillibrand faces backlash from progressive groups over her role brokering the bill’s ethics provisions. A Bill ‘Almost There’ Bessent told Bloomberg that the digital asset market structure bill, formally the…Read More

Some analysts are calling SUI’s chart the “cleanest” in crypto at the moment, naming $5, $8, and $13 as potential near-term targets. The call that landed the same month, analyst Michael van de Poppe flagged SUI among altcoins showing “early signs of recovery.” A Bullish Call, Unconfirmed by the Chart Onchain analysts suggest that SUI…Read More

Bitcoin’s long-term holder supply climbed to a fresh all-time high on July 21, extending a rally that had already pushed the metric to a record 16.64 million BTC, or roughly 83% of circulating supply, a month earlier. A Record Built Over 2.5 Years Long-term holders (LTH), a category tracking wallets that have held bitcoin for…Read More

Bitcoin Magazine Bitcoin is NOT Changed by Proof Of Node The proposal to temporarily restrict arbitrary data in Bitcoin transactions lacks economic nodes, protocol developers, and hashrate. History from the 2017 UASF shows nodes succeed only with broad investor and developer weight behind them. This post Bitcoin is NOT Changed by Proof Of Node first…Read More

Bitcoin Magazine Bitcoin Maxi Jack Dorsey Unveils New Open Source Group Chat App Jack Dorsey’s company Block has debuted a decentralized rival to group chat platform Slack. This post Bitcoin Maxi Jack Dorsey Unveils New Open Source Group Chat App first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.Read More

Bitcoin Magazine Coinbase Wants To Be Canada’s ‘Everything Exchange’ — With Crypto, Stocks, and Prediction Markets Coinbase is working to bring Canadian customers tokenized stocks and prediction markets in a push to become an “everything exchange.” This post Coinbase Wants To Be Canada’s ‘Everything Exchange’ — With Crypto, Stocks, and Prediction Markets first appeared on…Read More

Bitcoin Magazine White House Presses Senate Democrats To Accept Trump Ethics Deal On Clarity Act White House officials are urging Senate Democrats to accept President Trump’s ethics deal on the Clarity Act, with negotiations entering the final stretch before Congress’ August recess. This post White House Presses Senate Democrats To Accept Trump Ethics Deal On…Read More

Bitcoin Magazine Hyperscale Data Buys More Bitcoin, Bridging Holdings to Over $72 million Hyperscale Data, Inc. now has over 1,000 Bitcoins worth over $72 million following its latest buy. This post Hyperscale Data Buys More Bitcoin, Bridging Holdings to Over $72 million first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.Read More