Ethereum developers warn ‘any teenager’ could disrupt upcoming Glamsterdam test

A teenager with free test ether and a collection of disposable builder identities could repeatedly win Ethereum’s new block auctions and refuse to deliver the transactions, developers warned as they confirmed an Oct. 6 public test of the Glamsterdam upgrade. The attack would not endanger mainnet funds. It targets Sepolia, where test ether has no…

US Sanctions Iran’s BitBank Over IRGC Bitcoin Transfers

US authorities on Thursday announced sanctions against Iranian crypto exchange BitBank, accusing it of processing Bitcoin paid by ships transiting the Strait of Hormuz. The US Department of the Treasury’s Office of Foreign Assets Control said that as of June, the Hormuz Safe Marine Services Authority used BitBank to transfer payments it received to the…

Celsius Estate Sues BitMEX Over 6,360 BTC Liquidations

The Celsius bankruptcy estate sued five BitMEX-linked companies, alleging fraud, market manipulation and wrongful liquidations during the March 2020 market crash.  The complaint was filed on Sept. 12 in the US Bankruptcy Court for the Southern District of New York by Celsius entities acting through estate representative Blockchain Recovery Investment Consortium (BRIC). Defendants include HDR…

CFTC Issues No-Action Position for Trading Software Providers

The Commodity Futures Trading Commission (CFTC) has expanded regulatory relief for “passive software” providers that connect users to regulated derivatives firms and exchanges. In a no-action position issued Thursday, the agency’s Market Participants Division said it would not recommend enforcement against qualifying providers or their personnel for failing to register as introducing brokers or associated…

Bitcoin Treasuries Can Outperform BTC… But Is The Risk Worth Taking?

There are now 179 listed companies holding Bitcoin on their balance sheets, all following variations of the same simple formula: Raise capital on traditional markets, buy Bitcoin and attempt to increase the amount of BTC that backs each share faster than the company dilutes shareholders. According to Mark Palmer, managing director and senior equity research…

Kevin O’Leary says Congress will revisit Clarity next year as crypto tax bill advances

Shark Tank host and veteran investor Kevin O’Leary said he’s convinced the Clarity Act will eventually advance in the Senate and could return as soon as the first quarter of next year. Speaking at the Avalanche Summit in New York on Thursday, O’Leary said he didn’t expect the bill to advance on Tuesday, when it…

Is There Any Chance Left to Save the CLARITY Act?

Water, water everywhere and not a drop to drink may be the sentiment of the crypto industry, lobbyists and lawmakers who’ve spent the last year trying to get the CLARITY Act over the line. No shortage of negotiations, amendments or political wrangling; yet not enough to get the bill moving through the Senate. The CLARITY…

Bitcoin and US Stocks Rebound as Traders Shake Off Fed Rate Hike

Bitcoin (BTC) traded near $76,500 after Thursday’s Wall Street open as investors snapped up US stocks following their recent dip. Key points: Bitcoin consolidated after dropping below $76,000 on the back of a 0.25% interest-rate hike by the US Federal Reserve.  US equities rebounded, with the Nasdaq Composite Index gaining 1.5% as analysis saw upside…

Bitcoin’s(BTC) post-Fed price bounce echoes the start of the 2022 bear market: Crypto Daily

Cryptocurrencies rallied after the Federal Reserve delivered its first interest-rate increase since July 2023, a counterintuitive reaction given the FOMC decision makes interest-bearing investments more attractive. Bitcoin added almost 1% over the past 24 hours while zcash (ZEC) jumped by more than 23% to a record high. Traders who remember previous Fed rate cycles, especially…

US Crypto Tax Bill Clears House Ways and Means

The US House Ways and Means Committee passed the Digital Asset Tax Certainty Act with bipartisan support on Wednesday, advancing legislation aimed at reshaping the federal tax treatment of digital assets. The bill advanced in a 38-5 vote and covers stablecoins, mining and staking, digital asset lending, transaction fees and other crypto-related activity. Among its…