Bitcoin hit a record high over the weekend, reaching $106, 449 before dropping below $104, 000 on Monday. This rollercoaster ride comes as the Federal Reserve is set to make its final interest rate decision of the year. Investors are eagerly waiting to see if the Fed will cut rates again, which coul
The future of bitcoin is looking bright. With the new presidential administration in 2024, we might see a surge in crypto-friendly policies. Some states are already considering bills to make their laws more open to cryptocurrencies like bitcoin. Many people believe that bitcoin is a great way to pro
Imagine this: A coin called Fartcoin has seen its value shoot up over a week to over $700 million! You might wonder, why is this happening? It’s all tied to a wave of investment in cryptocurrencies, like bitcoin, which has been pushed by Donald Trump’s victory. The crypto market is full of speculato
Did you know that bitcoin miners are adopting a strategy originally used by MicroStrategy? This strategy involves holding onto bitcoins instead of selling them right away. It all started when MicroStrategy's shares skyrocketed during the cryptocurrency rally. Their success caught the attention of mi
Get ready, crypto investors! The new year is bringing some big changes to how you report your crypto profits. Starting January 1, brokers and exchanges will start using a new form called the 1099-DA to report your gains. This means you'll need to keep a close eye on your cost basis – the amount you
You might have heard of a digital currency called XRP, created back in 2012 by the folks behind Ripple. Recently, it's been on a wild ride, jumping up by 370% since the U. S. election! That's way more than Bitcoin, which only climbed 46%, and other cryptocurrencies in the CoinDesk 20 index, which we
A 40-year-old man from Scottsdale, Arizona, was recently charged with electronic fraud after tricking people into thinking he was an Uber driver. Prosecutors described the scam as highly sophisticated. Nuruhussein Hussein, the man in question, would allegedly find his targets outside hotels, knowing
Meet Frank III, an Austin, Texas man with a bitcoin investment side hustle. He started buying bitcoins in 2011 and really hit the jackpot in 2015 when he bought over a thousand. By 2017, he sold some and made a cool $3. 7 million, which he used to buy a new home in Utah. The problem? He didn't want
As the clock strikes midnight on January 1, 2025, the incoming Trump administration is set to shake up the economic landscape. Inflation, which has been gradually decreasing, is still a major concern. The Federal Reserve has begun cutting interest rates, but the question remains: will inflation stic
Kraken, a big US-based crypto exchange, decided to shut down its NFT marketplace after a couple of years. The announcement was made in late November, and users have until early next year to move their NFTs to a crypto wallet. Kraken said they're doing this to focus on new products and services. Sta
