LONDON — Crypto wallet maker Ledger says it is set to launch its much-anticipated hardware wallet Ledger Stax, which was designed by iPod inventor Tony Fadell, in May. Ledger, which makes hardware and software wallets for crypto investors, first announced Ledger Stax in 2022 after a plunge in crypto prices in the wake of the … Read more
CostFoto | Nurphoto | Getty Images Shares of MicroStrategy tumbled on Tuesday alongside the price of bitcoin, as the company bought even more of the cryptocurrency. The stock was last lower by 12%. Earlier, it fell as much as 18%. The move came as MicroStrategy bought an additional 9,245 bitcoins for about $623 million, according … Read more
Bitcoin extended its slide on Tuesday, dropping more than $10,000 from its all-time high last week. The flagship cryptocurrency was last lower by 6% at $62,918.35, according to Coin Metrics. Last week it climbed to a record $73,679. The move helped drag other cryptocurrencies lower. Ether lost more than 5% and was recently trading at … Read more
A man walks past a poster that informs customers that bitcoin can be used in this shop in Tokyo on January 06, 2018. Toru Yamanaka | Afp | Getty Images Japan’s government pension fund on Tuesday said it is requesting information on “illiquidity assets” such as bitcoin, as part of research into potential new investments. … Read more
Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE LONDON — The boss of digital asset management firm Grayscale, which manages the $26 billion exchange-traded fund GBTC, has said that fees on its flagship product will come down over time, after its outflows reached $12 billion. Grayscale CEO Michael Sonnenshein said that … Read more
Whether you’re a longtime crypto investor or recently purchased digital assets, here are some key things to know from crypto tax experts. How to answer Form 1040 ‘digital assets’ question Cryptocurrency has become a priority area for the IRS, and the agency shared guidance in January about reporting digital currency this tax season. Since tax … Read more
Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild price swings have come down substantially over the past decade. “What’s driving the bitcoin market right now is a simple demand-supply imbalance,” the firm’s chief investment officer told CNBC’s “ETF Edge” on Monday. “We … Read more
Sam Bankman-Fried, the disgraced founder and former CEO of the cryptocurrency exchange FTX, should receive between 40 and 50 years in prison for his role in one of the biggest cases of financial fraud in U.S. history, federal prosecutors said Friday. Bankman-Fried was convicted in November on seven counts of fraud and conspiracy, namely stealing … Read more
The allegations of forgery are founded on a series of reports compiled by an expert in forensic document analysis nominated by COPA, who analyzed the various materials on which Wright’s claim depends. The reports identified hundreds of alleged instances of forgery and tampering of various flavors, and were largely corroborated by two experts nominated by … Read more
Bitcoin hit a new all-time high on Wednesday, surpassing the $73,000 mark as investors mostly shrugged off slightly hotter-than-expected U.S. inflation, betting it won’t derail interest rate cuts expected by the middle of the year. In the last 24 hours, Bitcoin jumped to an intraday peak of $73,127. It was last 0.9% higher at $72,920 … Read more
