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Rep. Patrick McHenry calls proposed crypto tax rules an ‘attack on the digital asset ecosystem’

Patrick McHenry, Chairman of the House Financial Services Committee, commented on newly proposed crypto taxation rules on Aug 25 The IRS, along with the US Treasury, proposed those taxation rules
Blockchain

Binance P2P removes sanctioned Russian banks from payments list

The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which
Blockchain

Record surge in Bank Term Funding Program hints at underlying instability in U.S. Treasuries

Quick Take Based on the data analysis from analyst Joe Consorti, the Bank Term Funding Program (BTFP) has surged to a record $10739 billion This significant increase in the BTFP, a program instituted
Blockchain

Sei Price Prediction: SEI Hits 2023 Low – Is a Correction Due Soon?

SEI recorded a remarkable surge of over 300% in mid-August following its listing on the Binance exchange  However, its recent price performance suggests the bears
Blockchain

Powell: More Rate Hikes May Be Needed to Curb Inflation

The chairman of the US Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control In
Blockchain

Chainlink Price Prediction: LINK Targets $7 – Is the Market Bullish on Its Prospects?

Chainlink (LINK) relapsed after attempting a bullish rebound on August 23, 2023 The token has slipped off the month and week peak values of $806
Blockchain

Harmony Price Prediction: ONE Slump to $0.01 – Is It a Sleeping Giant?

Harmony (ONE), a blockchain company bridging the gap between scalability and decentralization, has been on a downward trend since August 24 Earlier today, the token
Blockchain

THORChain Price Prediction: RUNE Reaches $1.50 – Is There More Upside Left?

THORChain (RUNE) succumbed to the bears today, August 25, after the previous day’s overbought condition As a result, the token recorded a 362% price loss,
Blockchain

Crypto Exchanges Under IRS Radar: New Treasury Proposal Demands Detailed Transaction Reports

The US Treasury Department has recently published a proposed rule requiring cryptocurrency brokers, including exchanges and payment processors, to report user information regarding sales and
Blockchain

Fed Chair Jerome Powell discusses target interest and inflation rates at Jackson Hole summit

The robust growth of the US economy may necessitate additional interest rate increases to mitigate inflationary pressures, according to Federal Reserve Chair Jerome Powell Speaking at the Jackson
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Japanese Yen Tumbles to 34-Year Low Against Soaring US Dollar

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This week, the Japanese yen plummeted to its lowest point since 1990 against the US dollar, weighed down by Japan’s monetary policy and uncertain economic indicators from the United States

Optimism Soars By 17% Despite Recent Security Revelations

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Optimism (OP) has grabbed investors’ attention in the last day following an intriguing positive price performance Interestingly, OP’s market gain has occurred following a recent disclosure of

Bitcoin Bull Run: Past Its Prime, Or Poised For A Correction? Analyst Raises Eyebrows

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Famed trader Peter Brandt has thrown a wrench into the gears of Bitcoin’s celebratory parade In a recent analysis titled “Does history make a case that Bitcoin has topped”, Brandt

Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

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On Friday, Bitcoin’s hashprice was $5695 per petahash per second (PH/s), but by Sunday, it had dropped to $5166 per petahash Over the last 100 blocks, bitcoin miners averaged about 355 BTC for

Dimon Doubles Down on Bitcoin Dislike, SBF to Aid Legal Action Against Celebrities, and More — Week in Review

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JPMorgan Chase CEO Jamie Dimon has reiterated his critical stance on bitcoin, labeling it a fraud and dismissing its potential as a legitimate currency Former FTX CEO Sam Bankman-Fried has agreed to
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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
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