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Bitcoin holds strong above $100k as corporate executives offload stocks
Bitcoin continues to show remarkable resilience, trading above the $100,000 mark despite a record sell-off by corporate executives in traditional markets. The largest crypto by market cap absorbed potential profit-taking and maintained its momentum. We see strong demand and renewed investor confidence behind the market activity. Fresh capital inflows appear to be fueling the surge, […]Cryptopolitan
Fri, Dec 13
Early Bitcoin investor jailed for falsely reporting crypto gains in $4M BTC sale
A Bitcoin investor from Texas has become the first person to be imprisoned for failing to disclose crypto gains. The individual in question was sentenced to two years in jail today for filing a tax return that falsely underreported his capital gains from selling $3.7 million in Bitcoin. According to the US Department of Justice […]Cryptopolitan
Fri, Dec 13
BlackRock’s ETF head Jay Jacobs gives a new directive for Bitcoin, ETH, and Altcoin ETFs
During the recent “ETFs in Depth” event, BlackRock announced it is focusing on flagship cryptocurrency exchange-traded funds (ETFs). The company attributed its reasons for focusing on Bitcoin and Ethereum ETFs to limited market exposure. Bloomberg ETF analyst Eric Balchunas quoted Jay Jacobs, Head of Thematic and Active Equity ETFs at BlackRock, speaking about the untapped […]Cryptopolitan
Fri, Dec 13
Texas Fixin’ to Start Strategic Bitcoin Reserve, Great News for $STARS Meme Coin Tracker Which Just Broke Through $15M in Presale
Texas is moving forward with plans to introduce a strategic Bitcoin reserve. State Rep. Giovanni Capriglione announced yesterday that he has submitted a bill that will enable the sNewsBTC
Fri, Dec 13
Gate.io dismisses breach rumors as token hits new ATH
GateToken, the native cryptocurrency of the Gate.io exchange, has soared to a new all-time high. The price rally comes despite rumors spreading across social media platforms about a potential security breach on the exchange. Gate.io swiftly responded to circulating rumors about its state of operations from several influential figures within the crypto community. The exchange’s […]Cryptopolitan
Fri, Dec 13
Mark Cuban says ignoring crypto cost his friend Kamala Harris the US election
During his appearance on The Weekly Show with Jon Stewart, the billionaire tech mogul and Dallas Mavericks former owner Mark Cuban blamed his friend Kamala Harris’ election loss squarely on one thing: ignoring the crypto community. “Crypto had a lot to do with it,” Mark said. “A whole lot of young men voted against Kamala.” […]Cryptopolitan
Fri, Dec 13
DOGE’s Elon Musk is in a fix with the SEC and Gensler: ‘Oh Gary, how could you do this to me?’
Tesla CEO Musk’s political influence continues to rub certain individuals the wrong way. His battle with the US Security and Exchanges Commission (SEC) is very much alive, and with outgoing chair Gary Gensler still in office, the political war is undoubtedly far from over. Gary Gensler and the SEC have revived an investigation into Musk’s […]Cryptopolitan
Fri, Dec 13
China’s Xi Jinping says no to attending Trump’s inauguration. As he should
China’s President Xi Jinping has declined President Donald Trump’s puzzling invitation to attend his second inauguration on January 20, as we predicted he would. Jinping was never going to show up. The mere thought of the Chinese leader bundled up on the west front of the U.S. Capitol, nodding politely as Trump swore to uphold […]Cryptopolitan
Fri, Dec 13
Bitcoin to hit $160k by 2025, predicts Matrixport
Bitcoin’s 2024 performance has already shattered expectations. After breaching $100k recently, it is expected that the biggest crypto might hit $160k by 2025. The massive 136% Year-to-date (YTD) surge for BTC has been driven by institutional adoption, increasing use cases, and growing regulatory clarity. The global crypto market has seen Bitcoin regain the spotlight after […]Cryptopolitan
Fri, Dec 13
