Bitcoin News

Against all odds, crypto fraud is reportedly on the rise in China, where a massive crackdown on mining, trading and crypto brokerage services appears to have failed to deter those hoping to get rich quick from crypto-themed schemes.

Pressure is growing in Congress with crypto advocates hopeful of convincing the house of the need to amend a much-maligned infrastructure bill containing a veritable minefield of reporting obligations for miners, validators and software developers.

Virgil Griffith, an Ethereum Foundation scientist, pleaded guilty to helping North Korea evade US sanctions.

Major US-based crypto investments company Grayscale Investments's Grayscale Bitcoin Trust (GBTC) is about to see its shares unlocked and freed for sale once again, and there is a lot of discussion about what this may mean for the price of bitcoin (BTC): is it bullish or bearish, and whether some investors will enter the market to repay the loans they made to buy the shares in the first place.

Bitcoin price is struggling to settle above the USD 46,000 resistance. Ethereum is facing hurdles near USD 3,200, XRP rallied above USD 0.865. ADA gained 17% and it broke the USD 1.70 resistance.

Exchange data shows that derivatives traders are more active again, with open interest in bitcoin futures going up significantly in recent days.

Horizon Kinetics, a major independently owned and operated investment adviser, is betting on cryptocurrencies such as bitcoin (BTC) as a protection against rising inflation for their investors.

Leveraged trading is the biggest risk to the crypto market in terms of what could cause “something to pop down the line,” according to Joey Krug, Co-chief Investment Officer (CIO) at US-based major crypto investment company Pantera Capital.

A survey of 30 central banks brought somewhat surprising results as some bankers showed signs of openness to cryptoassets such as bitcoin (BTC). Also, central bankers are becoming more concerned about inflation.

The Indian government could become the latest to impose a tax on crypto trading. In a report, the Times of India stated that politicians are mulling the imposition of a flat 18% rate of goods and services tax (GST) on bitcoin (BTC), although altcoin trading would likely be covered by the same rules.