US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes on mining and staking rewards until the underlying tokens are sold. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” said Lummis. The senator’s draft bill was published three…
Key point: Bitcoin’s bounce off the moving averages may improve sentiment, pushing BNB, SOL, LINK and AAVE above their overhead resistance levels. Bitcoin’s (BTC) failure to close above $110,000 may have attracted profit-booking by short-term traders. That has pulled the price near $108,000. Crypto analyst Daan Crypto Trades said in a post on X that…
Key point: Bitcoin’s bounce off the moving averages may improve sentiment, pushing BNB, SOL, LINK, and AAVE above their overhead resistance levels. Bitcoin’s (BTC) failure to close above $110,000 may have attracted profit-booking by short-term traders. That has pulled the price near $108,000. Crypto analyst Daan Crypto Trades said in a post on X that…
US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes on mining and staking rewards until the underlying tokens are sold. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” said Lummis. The senator’s draft bill was published three…
As Ethereum marks its 10th anniversary, the platform finds itself at a critical point in its journey. In an exclusive interview with Cointelegraph, Tomasz Stanczak, co-executive director of the Ethereum Foundation, discusses the shifting landscape of blockchain technology — and what’s next for Ethereum. During the interview, Stanczak addresses the growing competition from newer blockchains…
Key takeaways: ETH failed to reclaim $2,600 as futures and options data show weak conviction from traders. Ethereum’s layer-2 growth hasn’t translated into increased demand for ETH due to low rollup transaction fees. The Solana ETF launch undermined ETH’s altcoin leadership and reduced the odds of a rally above $3,200. Ether (ETH) gained 9% between…
Key point: BitMine Immersion Technologies and Bit Digital recently announced plans to make Ether (ETH) a part of their treasury strategy. Additionally, sports betting company SharpLink Gaming boosted its Ether holdings to 188,000 Ether after the latest purchase of 12,207 Ether in the week ending June 20. The stock prices of all three firms rose…
More than 40 fake extensions for the popular web browser Mozilla Firefox have been linked to an ongoing malware campaign to steal cryptocurrencies, according to a report published Wednesday by cybersecurity firm Koi Security. The large-scale phishing operation reportedly deploys extensions impersonating wallet tools such as Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, OKX, MyMonero, Bitget…
An Ethereum core developer has set up a new organization called the Ethereum Community Foundation, with one of its aims to bring the price of Ether to $10,000. ECF was spearheaded by Ethereum core developer Zak Cole, who explained his rationale for setting up ECF at the eighth Ethereum Community Conference held in Cannes, France,…
Ethereum co-founder Vitalik Buterin delivered a keynote speech at EthCC on Wednesday, asking blockchain developers to focus on freeing humanity through their inventions rather than building more technically advanced tools. Buterin compared the individual liberty ethos of the early internet in the 1990s to the current ethos in blockchain, noting that the free and open…