Your essential daily read: our featured Story of the Day highlights the most impactful development across crypto, blockchain, or regulation—curated for urgency, significance, and insight. Don’t miss what moves the market today.
Biden’s proposed federal budget will now take the United States to its highest sustained levels of federal spending since World War II, alongside deficits above $1.3 trillion throughout the next decade.
Carl was once a crypto cynic. During an interview with CNBC back in February 2018, he believed crypto to be ridiculous and mentioned that he would not invest in them.
The PayPal Vice President assured that crypto investors will have the possibility to make their withdrawals using third-party wallets. The PayPal executive also sounded optimistic about CBDC roll-outs worldwide.
MGM becomes Amazon’s second-largest acquisition after Whole Foods. This acquisition will significantly bolster Amazon’s video content library giving Amazon Studios an edge in the competitive streaming market.
GameStop is calling on qualified persons to join its upcoming NFT team as the popular gaming company makes its first entrance into the NFT world. GME stock is up.
Bitcoin has finally managed to break the $40,000 barrier. In the last seven days, it has lost as much as 5.85%. In the last month, it has dipped by 17.2%.
According to the NYDIG CEO, cash being a liability has fueled companies’ decisions to adopt Bitcoin as their treasury reserve asset.
The current gains in the Nasdaq may help the index snap off the 2% loss it has accumulated thus far in May.
Chia eyes an IPO in the course of the year. If presented with a lucrative SPAC deal the company wouldn’t shy away from exploring the opportunity.
The revelation that Dalio owns Bitcoin was warmly welcomed by notable cryptocurrency investors.
Elon Musk’s entry into the crypto mining space can turn the tide towards green crypto mining supported by renewables. North America’s crypto mining firms have the Bitcoin Mining Council to put efforts in this direction.
Big players of the Bitcoin community have started the bottom fishing making the most of Sunday’s market crash. Whales and miners show confidence in the BTC price going ahead.
The Eco FinTech wallet app aims to be an all-in-one platform that replaces the traditional banking systems and leverages the partial crypto functions for its lending business.
Through the new tax reporting requirements, the IRS hopes to bridge the gap between the tax due to the government and the actual funds generated per what citizens report.
The series of events has pushed the global crypto market cap from the highest point of about $2.4 trillion in the past week to a low of $1.73 trillion.