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Senate Bill Classifying Bitcoin As A Digital Commodity To Be Introduced Today: Report

The bill seeks to empower the CFTC to regulate bitcoin as a digital commodity while excluding securities from also falling under the same category.

Law Commission of England Proposes New Form of Property For Bitcoin

The proposal from England’s Law Commission outlines a new form of property for digital assets, custodial operations, and a framework for legal proceedings.

Babel Finance Loses $280 Million, 8,000 BTC Of Customer Funds: Report

A report cites a restructuring deck where Babel details unhedged ‘risky’ trading practices leading to mass liquidations which require massive debt to recover.

U.S. Senators Condemn Fidelity Investments’ Bitcoin 401(k) In Open Letter

Three senators chastised Fidelity for offering a bitcoin 401(k) option claiming it is too volatile and untested to be used as a retirement savings tool.

Foundry Launches Logistics Arm For Bitcoin Mining Equipment

The firm will provide domestic and international logistic solutions for the acquisition and delivery of bitcoin mining infrastructure with a streamlined process.

Bitcoin Rises Above $22,000 As Fed Raises Interest Rates By 0.75%

The FOMC increased interest rates by 0.75 percentage point while indicating ‘unusually large’ hikes may be appropriate in future meetings; Bitcoin’s price jumps.

Komainu Receives Provisional License For Bitcoin, Crypto Services In Dubai

The joint venture by Japan’s largest investment bank Nomura, CoinShares and Ledger will offer institutional services for bitcoin and other digital assets.

Why and How To Withdraw Your Bitcoin From Exchanges

Why should I withdraw my bitcoin from an exchange?If you have to ask permission to use what’s yours, it’s not truly yours. Have you...

U.S. Senators Introduce Bill For Tax Exemption On Small Bitcoin Transactions

The bill would provide tax exemption on bitcoin transactions for less than $50 or trades netting a gain of less than $50.

Brazil’s Largest Investment Broker To Offer Bitcoin Trading In August: Report

In partnership with Nasdaq and BitGo, XP Inc. will offer bitcoin trading services leveraging cold storage custody solutions on a new platform.
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