On April 13, Bitcoin (BTC) experienced a sudden 13.3% price decrease, causing distress for many traders who had magnified their holdings. Consequently, approximately $387 million worth of long positions were forcibly sold off, and the total open interest decreased by around $5.4 billion. Initially, it seems that this market fluctuation reflected a diminished readiness among … Read more
Approximately 160 days after admitting guilt to a single felony charge in a deal with the U.S. government, Changpeng “CZ” Zhao, ex-CEO of Binance, is expected to stand before a federal judge. On April 30, Judge Richard Jones will oversee a significant courtroom confrontation in the Western District of Washington’s United States District Court between … Read more
Senate representatives Elizabeth Warren and Charles Grassley have penned a missive to CFTC chairman Rostin Behnam requesting details about any past communications he may have had with Sam Bankman-Fried, former CEO of the now-defunct cryptocurrency exchange FTX. The duo aims to reiterate their demand for this information, referencing a previous letter from Senator Josh Hawley … Read more
Have you finished your 2023 taxes? April 15 was filing day in the United States, so to honor the day, we checked in with four tax professionals to get their best tips for American cryptocurrency holders and expatriates. Robert W. Wood, tax lawyer at Wood LLP: Feel free to file for an extension to Oct … Read more
Last week, Bitcoin (BTC) experienced significant selling, causing its price to drop. However, an encouraging sign emerged when the price approached $61,000, with buyers stepping in to make purchases. This behavior indicates that investors remain optimistic about Bitcoin and consider the price decreases as opportunities for buying rather than reasons for concern. Yet, the Bitcoin … Read more
Solana is set to undergo continuous upgrades and transition from “beta” to “final” version. Market watchers have different price targets from $500 to $1000. April 15th was the day Solana (SOL) applied an update to alleviate network congestion. Notably, this improvement is included in the prearranged schedule for validators, preparing the mainnet network for its … Read more