Bitcoin’s (BTC) four-year compound annual growth rate (CAGR) has dropped to its lowest recorded level of 8%, according to Glassnode data. The four-year period was chosen to align with bitcoin’s (BTC) halving cycle while also capturing the typical bull/bear market cycle, which tends to follow a similar timeframe. In March 2021, four years prior, bitcoin […]

A majority of lawmakers in the U.S. House of Representatives voted to overturn an IRS rule treating crypto entities as brokers and requiring them to collect certain taxpayer and transaction information, including decentralized finance (DeFi) platforms. With a 292-132 vote, a bipartisan majority in the House joined the U.S. Senate in advancing the Congressional Review […]

Crypto payments firm Mesh announced on Tuesday it has raised $82 million to expand its stablecoin-based payments settlement network globally. The series B round was led by Paradigm, with ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna and AltaIR Capital participating. Most of the capital raise was settled in PayPal’s PYUSD stablecoin, according to […]

A Bitcoin ordinals project said it aims to raise over $34 million from an art collection of Microsoft Paint-style cartoon wizards following a similar sale last year that raised $13 million. Taproot Wizards plans to auction 2,121 non-fungible tokens (NFTs) of its signature “magic internet JPEGs,” which harken back to a 2013 bitcoin meme: “magic […]

Dogecoin (DOGE) and ether (ETH) cratered 9% in the past 24 hours as bitcoin (BTC) stumbled 4.5%, dipping below $80,000 and leading a brutal sell-off that wiped out $700 million in long positions. Leveraged traders betting on a rally got torched with $420 million in BTC longs and $150 million in ETH longs being liquidated, […]