Summary: A trader splurged almost $1 million buying Bitcoin Inscription #5232025 amid growing debates about congestion on the BTC network. This particular BTC Inscription holds 50,000 ORDI coins, the native asset of Ordinals Protocol which was created by developer Casey Rodarmor. ORDI was introduced earlier this year using the BRC-20 standard after developer Rodarmor designed
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The European Commission is making progress toward an EU-wide agreement, called the Directive on Administrative Cooperation (DAC8), to curb tax evasion and better track crypto transactions within EU borders. Building...
Grayscale Investments announced on May 9 that it has formed a new entity called Grayscale Funds Trust and filed for three new crypto investment funds. Grayscale proposes three new ETFs The Grayscale Funds Trust will act as a Delaware statutory trust structure that allows the firm to manage its older products while also pursuing exchange-traded
U.S. President Joe Biden called for an end to unspecified crypto tax rules on May 9. On Twitter, Biden posted an infographic that read: “We think Congress should cut tax loopholes that help wealthy crypto investors.” Such cuts would supposedly save $18 billion, according to the infographic...
Digital Currency Group (DCG) provided an update on the status of its subsidiary, Genesis Capital, in a statement on May 9. DCG said that it remains “engaged with the various stakeholders” who are involved in a mediation process concerning Genesis’ restructuring process. The company said it aims to reach a “productive resolution” and “fair outcome
Marathon Digital Holdings and Zero Two announced a new Middle Eastern mining operation in a press release on May 9. The first mining site as part of the operation will be in Abu Dhabi’s Masdar City. It will have an energy capacity of 200 megawatts (MW...
Limewire said May 9 that it raised more than $16 million for its revived platform through sales of its cryptocurrency token (LMWR). Limewire surpasses $15M goal By raising $16.5 million, Limewire has surpassed its $15 million funding goal and is more than halfway to its $30 million fundraising limit...
The radio host bluntly explains the important considerations...
The Oakland A's will not give up on Las Vegas if its current deal falls through...
Lucid Motors has a demand problem after a disappointing quarterly report. It said it had enough cash to operate into Q2 2024...