A set of seven crypto tax bills are being circulated in advance of a hearing of the U.S. House Ways and Means committee next week, with each of the legislative drafts tackling its own narrow aspect of digital assets tax treatment, including relaxing demands for taxes on small transactions and the assets gains in mining…
Hardcore bitcoin purists haven’t lost faith in the world’s largest digital currency, despite it losing nearly 17% of its value, marking the worst weekly performance since July 2024 and wiping out about $200 billion in market cap in the last seven days. The prominent bitcoin advocates or maximalists (short for maxis) — a group that…
A major bug found in the top privacy network Zcash, using artificial intelligence, may be a warning sign that similar undiscovered flaws exist across crypto and banking software. What’s worrying the crypto community is that the bug, which had existed in the network for 4 years, was only found recently by Shielded Labs, a nonprofit…
Securitize, the tokenization specialist backed by BlackRock, moved a step closer to becoming a publicly traded company after the U.S. Securities and Exchange Commission approved a key filing tied to its planned merger with a special purpose acquisition company (SPAC). The agency declared Securitize’s registration statement for its proposed combination with Cantor Equity Partners II…
Memecoins are usually where traders go looking for risk. This week they’re where risk is getting cut first. Dogecoin and Shiba Inu both shed roughly 9% as bitcoin drifted toward the $60,000 level, with the sharpest selling concentrated in the most speculative corners of the market. News Background • Broader crypto sentiment deteriorated as bitcoin…
Latest developments: Sen. Angela Alsobrooks said she will not support the Clarity Act on the Senate floor unless negotiators reach agreement on ethics provisions and other outstanding issues. Alsobrooks said ethics concerns remain a major sticking point, alongside illicit finance provisions and work still needed in the Agriculture Committee. She characterized her committee vote advancing…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1681.25, down 4.8% (-84.48) since 4 p.m. ET on Thursday. All 20 assets are trading lower. Leaders: BTC (-2.8%) and BNB (-2.9%). Laggards: ICP (-14.6%) and NEAR (-14.3%). The…
Earlier, Shielded Labs, a nonprofit developer on the privacy token system, disclosed a critical vulnerability in Zcash’s (ZEC) Orchard privacy pool that could have threatened the integrity of the token’s supply. The vulnerability, if exploited, could have allowed an attacker to create an unlimited number of counterfeit ZEC tokens, completely undetected. “Think of it as…
The crypto market is teetering on the brink of a major breakdown in price after suffering one of its worst weeks since July 2024. Bitcoin BTC$61,875.23, currently trading around $62,500 has lost more 14.5% since midnight UTC on Monday morning, while ether (ETH) has plunged by more than 17%, dropping 5.5% on Friday alone. Ether,…
America’s biggest banks, including JPMorgan, Citi and Bank of America, plan to build a shared, tokenized deposit network by the first half of 2027 to protect their deposits from the threat posed by stablecoins, the Wall Street Journal reported. The system will be operated by The Clearing House, the payments company collectively owned by the…
