Congressional Draft Proposes Overhaul to Digital Asset Tax Rules

US Representatives Max Miller and Steven Horsford published a discussion draft bill on Thursday titled the ‘‘Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act’’ or the ‘‘Digital Asset PARITY Act,” to overhaul the tax code for digital assets. The Digital Asset PARITY Act seeks to overhaul the Internal Revenue Code of 1986 by

Coinbase Users Criticize Prediction-Market Notifications

Update (March 27 at 8:32 pm in UTC): This article has been updated to include a statement from Coinbase CEO Brian Armstrong. Negative reactions to cryptocurrency exchange Coinbase using its notifications to push bets on event contracts amid the March Madness basketball tournament range from “annoying” to “absurd.” In January, Coinbase rolled out prediction market

Ether Drops Below $2,000 as Traders Warn of Bigger Correction

Ether’s (ETH) drop below the $2,000 on Friday put it at risk of a deeper correction in the coming weeks or months. Key takeaways: Ether’s price shows structural weakness as it fails to hold above the $2,000 psychological support. Analysts say ETH price may drop further toward the $1,750-$1,850 support zone. Ether’s demand stays negative

Incentives Must Protect Retail Crypto Investors

Opinion by: Ilya Tarutov, founder of Tramplin Crypto hasn’t struggled because the technology was flawed. Instead, it faltered as a result of the incentive structures the industry created, which have quietly turned it into something that works against the very people it was supposed to serve. Since 2017, every crypto market cycle has followed the

Bitcoin Nears $66K Amid Oil Shock, Faces Sixth Monthly Loss

Bitcoin (BTC) neared $66,000 at Friday’s Wall Street open as analysis called US inflation trends “objectively unsustainable.” Key points: Bitcoin drops further on oil-supply woes as Iran closes the Strait of Hormuz. BTC price performance is set to seal its sixth straight month of losses at the March close. Traders eye the lows with $70,000

ICE Adds $600M Investment in Polymarket

Intercontinental Exchange (ICE), the parent of the New York Stock Exchange (NYSE), said Friday it completed a new $600 million direct cash investment in Polymarket, deepening its bet on prediction markets as a new area of growth for exchange operators. The company also said it expects to purchase up to $40 million of Polymarket securities

ECB Finds DeFi Governance Highly Concentrated

The European Central Bank published a working paper on March 26, finding that governance in four major DeFi protocols was heavily concentrated. The staff paper looks at Aave, MakerDAO, Ampleforth and Uniswap, and finds that while governance tokens are held across tens of thousands of addresses, the top 100 holders control more than 80% of

SBF Pardon Odds Drop on Prediction Markets

The chances of former FTX CEO Sam Bankman-Fried getting a pardon didn’t seem great this year, and a recent downtick on prediction markets shows that they aren’t getting any better.  Both major prediction markets in the United States, Polymarket and Kalshi, have the likelihood of Bankman-Fried receiving a presidential pardon this year at 11% and

Bitcoin Falls as Oil Tensions Threaten Deeper Sell-Off

Bitcoin grabbed downside liquidity as oil-supply pressure sent BTC price action below $66,500 to its lowest levels since March 9. Bitcoin (BTC) neared three-week lows into Friday’s Wall Street open amid reports of Iran closing the Strait of Hormuz oil route. Key points: Bitcoin reacts badly to fresh oil-supply threats ahead of Friday’s Wall Street

Bitcoin Falls Below $68K as Long-Term Buying Increases

Bitcoin (BTC) dropped toward $67,000 during the European trading session on Friday despite an increase in long-term buying. Exchange withdrawals also increased to 16-month highs, suggesting reduced “immediate selling pressure,” a new analysis said. Key takeaways: Bitcoin withdrawals from exchanges increases, reducing BTC available for sale. Long-term holders accelerate accumulation, adding 155,450 BTC over the
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