Supporters say accepting BTC for taxes could help the US compete globally A new proposal in Congress aims to make Bitcoin an option for paying federal taxes, adding fresh momentum to the debate over how cryptocurrency should fit into US financial policy. The bill, introduced by Representative Warren Davidson of Ohio, would let taxpayers submit
The exchange-traded fund is one of the first US-listed products to track the cryptocurrency directly Bitwise Asset Management is set to launch its new spot XRP exchange-traded fund today, marking one of the first US-listed products to track the cryptocurrency directly. The fund will trade on the New York Stock Exchange under the ticker “XRP,”
The move follows an ongoing trend of growing activity in the space Coinbase appears to be preparing a major expansion into prediction markets, according to screenshots shared by tech researcher Jane Manchun Wong. Wong, known for uncovering unreleased features hidden in source code, posted images on X showing what looks like a fully branded interface
The goal is to make it easier to conduct cryptocurrency transactions Mastercard is taking a major step to make cryptocurrency transactions simpler and safer for everyday users. The global payments company is expanding its Crypto Credential program to include self-custody wallets. The goal is to let people send and receive digital assets using verified, easy-to-read
The expansion could mean that crypto-friendly businesses are carving out a stronger foothold in the economy. Steak’ n Shake, the classic American fast-food chain known for its burgers and milkshakes, is doubling down on its Bitcoin-friendly identity with a new expansion into El Salvador. The company announced the move after participating in the country’s Bitcoin
The financial oversight agency is taking a larger interest in cryptocurrency The FDIC is preparing to take a more defined role in US crypto policy, with Acting Chair Travis Hill confirming that the agency is developing guidance for tokenized deposit insurance and a regulatory pathway for stablecoin issuers. Speaking at the Federal Reserve Bank of
Circle views ARC as a path toward enterprise adoption and a more modular blockchain landscape Circle is preparing to introduce a native token for Arc, its enterprise-focused layer-1 blockchain that operates as an Ethereum Virtual Machine network. The company revealed the plan alongside its latest financial results, noting that a native asset could eventually support
Once against all-things crypto, Visa has rapidly changed its position Visa is taking another step into digital finance with a new stablecoin payout pilot in the United States. The program allows businesses with fiat-funded accounts to send payments directly in USDC, a stablecoin pegged to the US dollar, to crypto wallets through Visa Direct. The
The Square POS system now allows merchants to opt in and process payments in Bitcoin Square has officially rolled out its Bitcoin payment feature, giving more than four million sellers worldwide the ability to accept cryptocurrency at checkout. The launch allows merchants using Square’s point-of-sale system to opt in and process payments in Bitcoin, marking
Acting Chair Caroline Pham has acknowledged that leveraged trading is coming The US Commodity Futures Trading Commission (CFTC) is preparing to allow leveraged cryptocurrency trading within the country for the first time. Acting Chair Caroline Pham confirmed that she has been in discussions with regulated US crypto exchanges to launch leveraged spot trading products as
Stream Finance disclosed a $93 million shortfall earlier in the week, prompting serious concerns Elixir, a decentralized finance liquidity provider, has shut down operations for its synthetic stablecoin deUSD following a major loss connected to Stream Finance. The decision comes after Stream disclosed a $93 million shortfall earlier in the week, causing a chain reaction
A judge has ruled that the government agency didn’t illegal destroy a criminal’s crypto A US appeals court has ruled that the FBI acted within its rights when it wiped a hard drive that allegedly contained over 3,400 Bitcoin, now worth about $345 million. The decision ends a long legal battle brought by Michael Prime,
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