Uncategorized Archives - Page 17 of 149

FridayJul 18, 2025 9:00 am

Unpacking Why the “US Crypto Week” is Causing a Stir

Bitcoin has broken past the $120,000 mark for the first time, setting a new record and signaling a pivotal moment for the crypto market. The surge comes just ahead of what’s shaping up to be an important week for the industry in Washington. Starting Monday, July 14, lawmakers in the House of Representatives are reviewing three key bills designed to create a clearer legal foundation for cryptocurrencies. The proposed laws are expected to provide long-awaited guidance for the sector and could change how digital assets are treated under U.S. regulations. President Donald Trump has called for a shift in regulatory…

ThursdayJul 17, 2025 9:00 am

BTC Crosses $123,000 as Favorable US Regulatory Framework is Debated

Bitcoin surged past $120,000 on Monday for the first time, reaching a new all-time high and fueling optimism in the cryptocurrency world. Investors have grown increasingly confident this week as U.S. lawmakers prepare to take up key crypto legislation, a development that many in the industry have long anticipated. Bitcoin touched a peak of $123,153.22 before dipping slightly, later trading around $119,745 with a 0.5% daily gain. The rally has pushed Bitcoin’s gains for the year to 30%. The renewed momentum in the crypto market comes as the United States House of Representatives prepares to review several bills focused on…

TuesdayJul 15, 2025 9:00 am

China Holds Policy Meeting on Digital Currencies

Officials from the Shanghai branch of China’s State-owned Assets Supervision and Administration Commission (SASAC) met with local government representatives on Thursday, July 10, to talk about digital currency policy and the potential role of stablecoins. Roughly 60 to 70 people attended the meeting, which could signal a possible softening in China’s strict position on crypto. Since 2021, digital asset trading and mining have been banned across the country. During the discussion, the commission’s director emphasized the importance of staying alert to rapidly evolving technologies and encouraged deeper exploration into digital currencies. The meeting follows recent pushes by major Chinese tech…

FridayJul 11, 2025 9:00 am

Swedish Authorities Allow Police to Intensify Seizures of Unexplained Crypto Accumulations

Sweden’s Justice Minister, Gunnar Strömmer, has called on key government agencies, including the police, the Enforcement Authority, and the tax office, to step up efforts in confiscating crypto suspected of being linked to criminal activities. The move follows a law passed in November 2024 that gives authorities the right to seize crypto assets, even without concrete evidence of a crime, if the owner can’t convincingly explain how they got them. Since the law took effect, the government has already confiscated the equivalent of $8.4 million, putting Sweden among the most aggressive European countries when it comes to going after unexplained…

ThursdayJul 10, 2025 9:00 am

US Secret Service Amasses $400m from its Operations Against Crypto Scams

Over the last ten years, the U.S. Secret Service has built one of the largest cryptocurrency cold wallets, collecting close to $400 million in seized digital assets. The Secret Service’s Global Investigative Operations Center (GIOC) has played a key role in tracking these funds. Jamie Lam, one of the agency’s investigative analysts, explained during a recent briefing in Bermuda that the team relies on blockchain tracking tools, public data, and a lot of persistence to follow the money. Most of the crypto in the agency’s possession was taken as part of investigations into online scams. A common fraud scheme involves…

TuesdayJul 08, 2025 9:00 am

Supply Problem Emerges as Exchanges Hold Just 15% of Available BTC

The amount of Bitcoin held on crypto exchanges has dropped significantly, now sitting at just 14.5%—a level not seen since August 2018, according to recent data from Glassnode. This shrinking exchange supply could signal a brewing price jump, as fewer coins available for trading often result in heightened demand pressure. Such a trend often reflects growing confidence among investors and a preference to hold Bitcoin for the long haul rather than trade it actively.When fewer Bitcoins are available for purchase, especially in times of strong buying interest, the limited supply can lead to upward price movement. This condition, sometimes described…

MondayJul 07, 2025 9:00 am

Circle IPO Illustrates Growing Investor Interest in Crypto

Circle Internet Group’s shares saw a remarkable surge, rising over three times its opening price of $31 and bringing in $1.1 billion through its IPO. The fresh capital is expected to support the growth of Circle’s USDC stablecoin, which is tied directly to the value of the U.S. dollar and can be redeemed on a one-to-one basis. This strong market debut follows a trend of crypto firms stepping into public markets. Companies like Galaxy Digital and eToro, known for their crypto trading services, have also taken the IPO route recently. eToro’s stock jumped 34% after its Nasdaq listing, showing that…

ThursdayJul 03, 2025 9:00 am

South Korea Suspends CBDC Project in Favor of Stablecoin

A recent Bloomberg report, referencing a confidential source within the Bank of Korea, reports that the country’s top bank has put the next phase of its central bank digital currency (CBDC) testing on hold. The phase was originally expected to roll out in late 2025. The central bank has notified participating financial institutions that discussions surrounding the next phase will be put on hold for now. The halt comes as South Korean regulators shift attention toward regulating privately issued stablecoins. The Bank of Korea launched the first stage of its pilot, called “Project Han River,” in collaboration with seven major…

TuesdayJul 01, 2025 9:00 am

Profit-Taking Slows Crypto Bull Run Momentum

The cryptocurrency market is showing signs of recovery, though lingering economic concerns and profit-taking behavior are still holding back investor confidence. As of June 27, Bitcoin was trading at $106,600, marking a 1% drop in the last 24 hours. Other digital assets, including major altcoins, mirrored this trend, with the top 100 tokens by market value also declining around 1%. The earlier downturn triggered by the Iran-Israeli conflict appears to have passed as the market has largely regained ground. With political tensions cooling down, the severe losses have eased into smaller, more manageable dips. Most cryptocurrencies are no longer seeing…

FridayJun 27, 2025 9:00 am

Japanese FSA Wants Cryptos Reclassified, Taxed Lower

The Japanese Financial Services Agency (FSA) is proposing a major change in how cryptocurrencies are taxed and classified. This change could open the door to cryptocurrency exchange-traded funds (ETFs) in the country and apply a flat 20% tax rate on profits from digital assets. The proposal recommends treating cryptocurrencies as financial products under Japan’s FIEA, which are the same rules that apply to stocks and bonds. Currently, crypto profits are taxed under a progressive system, with rates going as high as 55%. Switching to a standard 20% tax would align crypto with stock investments and could attract more investors, from…