A federal jury in Texas has convicted Randall V. Rule, 73, of laundering cryptocurrency linked to various fraud schemes, including romance scams and real estate fraud. Prosecutors revealed that Rule and co-conspirator Gregory C. Nysewander converted illicit funds into...

Source: (Bitcoin News ) 1 year ago 25

India’s CBI has seized cryptocurrencies worth approximately $2.8 million in raids across over 60 locations, uncovering key evidence in the Gainbitcoin scam. CBI Seizes Cryptocurrency in Gainbitcoin Scam Raids The Central Bureau of Investigation (CBI) announced this week that...

Source: (Bitcoin News ) 1 year ago 34

A House committee has moved to repeal the IRS’ controversial “DeFi Broker Rule,” arguing it would stifle innovation, overwhelm the agency with filings, and disadvantage U.S. crypto users. House Committee Blocks IRS DeFi Broker Rule The House Ways and...

Source: (Bitcoin News ) 1 year ago 34

Michael Saylor met with U.S. lawmakers to push for a structured digital asset framework, aiming to position the U.S. as a global crypto leader. Michael Saylor Pushes for US Crypto Leadership in Congressional Talks Michael Saylor, co-founder and Executive...

Source: (Bitcoin News ) 1 year ago 35

The Atlanta Fed’s GDP model projects a -1.5% contraction in U.S. Q1 2025 GDP, raising concerns about stock market volatility, bitcoin’s near-term stability, and the Federal Reserve’s rate-cut calculus amid a widening trade deficit and cooling consumer spending. GDP...

Source: (Bitcoin News ) 1 year ago 35

According to the most recent data, Bitcoin’s hashrate has dipped beneath the 800 exahash per second (EH/s) threshold, coinciding with a 30-day low in mining revenue, commonly referred to as hashprice. As of Friday, the hashprice is hovering just...

Source: (Bitcoin News ) 1 year ago 33

The Arizona Senate advanced a bill to create a state-managed reserve for seized bitcoin, passing SB 1373 by a 17-12 vote on Feb. 27 and sending it to the House for further consideration. Arizona Legislators Narrowly Pass Digital Assets...

Source: (Bitcoin News ) 1 year ago 41

Bitcoin ETFs outflows extended to eight days with another outflow of $276 million, while ether ETFs saw $71 million in outflows. Sustained Withdrawals See More Losses for Bitcoin and Ether ETFs Crypto exchange-traded funds (ETFs) continue to face significant...

Source: (Bitcoin News ) 1 year ago 31

CME Group, the world’s largest derivatives exchange, will introduce cash-settled solana (SOL) futures on March 17, 2025, pending regulatory approval, offering micro (25 SOL) and standard (500 SOL) contracts to cater to retail and institutional traders. CME Group Aims...

Source: (Bitcoin News ) 1 year ago 39

Bitcoin is currently priced at $83,779, with a market capitalization of $1.66 trillion and a 24-hour trading volume of $91.22 billion, as price action remains volatile within an intraday range of $78,197 to $84,854, potentially signaling a bull trap...

Source: (Bitcoin News ) 1 year ago 37