Key Points: Trump proposes raising tax for wealthiest Americans, reversing 2017 cuts. Challenge expected as Republican lawmakers oppose tax rate increases. Proposal includes eliminating carried interest tax break, affecting funds. Former President Trump aims to increase the tax rate for the wealthiest Americans, introducing a new bracket of 39.6% for high earners. If passed, the … Read more
According to metrics from the crypto analyst, Ethereum (ETH) is now highly devalued compared to Bitcoin, the first time since 2019. Historically, such events have contributed to ETH outperforming BTC. The analyst presented several on-chain indicators that supported his assessment. ETH is now extremely undervalued compared to BTC, the first time since 2019. Historically, this … Read more
Robinhood to launch blockchain-based platform for trading U.S. stocks in Europe. Crypto trading hits $46B for Robinhood in Q1 2024, marking 28% annual growth. Acquisition of Bitstamp to unlock crypto derivatives and expand EU market reach. Robinhood Markets Inc. is reportedly preparing to launch a blockchain-based trading platform for retail investors in Europe. According to … Read more
Reports indicate that Meta, after stepping back from its earlier cryptocurrency initiative, is preparing to plunge into the digital currency domain again. The extensive reach of applications like Facebook and WhatsApp under Meta’s umbrella offers a robust potential market for cryptocurrency integration. While Telegram’s TON Coin marked a significant presence last year, Meta’s expansive scale … Read more
A brutal crime spree in NYC nightlife was brought to justice as blockchain sleuthing by Coinbase exposed killers, recovered funds, and redefined crypto’s role in law enforcement. Coinbase Says ‘It Was One of the Most Difficult Cases We’ve Supported’ Paul Grewal, chief legal officer at crypto exchange Coinbase (Nasdaq: COIN), revealed on May 6 that … Read more
In the dynamic world of global finance, events in traditional markets and international relations often send ripples across the entire economic landscape, including the burgeoning digital asset space. While cryptocurrency markets operate on decentralized principles, they are not immune to the effects of macroeconomic shifts and significant government policies. A recent announcement regarding a major … Read more
Wellgistics Health has taken a bold step into the future of healthcare transactions by integrating XRP into its payment infrastructure, aiming to enhance efficiency and reduce costs. This innovative move not only streamlines processes between pharmaceutical players but also highlights a broader trend of blockchain adoption in various industries. Brian Norton, CEO of Wellgistics Health, … Read more
Mashinsky was charged with misleading investors and customers about Celsius operations. Restructuring of Celsius protocol under a creditor-owned Bitcoin mining has been ongoing. Alex Mashinsky, the founder and former CEO of defund lending protocol Celsius (CEL), was sentenced to a 12-year prison term on Thursday, May 8. The United States District Judge John G. Koeltl … Read more
Blake Griffin is predicting the Boston Celtics will come back and defeat the New York Knicks in … More their semifinals series. (Photo by Brian Fluharty/Getty Images) Getty Images Blake Griffin still believes the Boston Celtics will pull it off. The former six-time All-Star played his final season with the Celtics and is familiar with … Read more
Governments are racing to lock in bitcoin reserves—investors now have a narrowing window before sovereign accumulation reshapes the entire crypto landscape. Bitcoin Reserve Momentum Surges as CZ Warns of Disappearing First-Mover Advantage Binance founder and former CEO Changpeng Zhao (CZ) has warned that the window for investors to buy bitcoin before government entities do is … Read more