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Just two days after Donald Trump said he would keep 100% of the bitcoin that the US government seized, they have moved $2 billion worth of the leading crypto. Indeed, the transferred BTC was connected to the infamous Silk Road marketplace. Amid his ongoing reelection campaign, Trump has certainly embraced crypto. The 45th President of the US has consistently stated his interest in the asset. Speaking at Bitcoin Conference 2024, he discussed Bitcoin’s importance if he were to win reelection in November. JUST IN: US Government moves $2 billion worth of #Bitcoin to a new address. Two days ago, Donald Trump said he would create a strategic national Bitcoin stockpile and the Government would keep 100% of the Bitcoin it owns, if elected. pic.twitter.com/kSyy4s6peb — Watcher.Guru (@WatcherGuru) July 29, 2024 Also Read: Currency: Why Trump’s US Dollar Devaluation Plan Might Be A Bust? US Moves $2 Billion in Bitcoin Two Days After Trump’s Pro-BTC Speech Speaking in Nashville...

Your guide: How are Bitcoin ETFs Taxed? Exchange Traded Funds (ETFs) that hold Bitcoin are becoming more popular as a way to invest in Bitcoin without actually holding the cryptocurrency. Although, Bitcoin ETF s have tax effects, just like any other investment. Knowing how Bitcoin ETF s are treated can help you make smart choices and keep you from being surprised when it’s time to pay your Taxes . The main parts of Bitcoin ETF taxation are broken down clearly and easily in this guide. Keep reading to learn more. Also read: Bitcoin: BlackRock Says ETFs Will Reach $4T by 2030 How Bitcoin ETFs are Taxed Most Bitcoin ETFs are set up as grantor trusts. So, the ETF holds Bitcoin as its underlying asset, and the value of the ETF shares is equal to the value of the Bitcoin owned. The way Bitcoin ETFs are taxed is similar to how grantor trusts are taxed. This makes the tax effects simple but important to understand. Gains and Losses on Capital You might make or lose money when you sell Bi...

Renowned crypto analyst Ali Martinez took to X and shared with his followers that Bitcoin’s (BTC) Relative Strength Index (RSI) is again in the oversold territory. The analyst says it may be a price opportunity to buy the dip. Martine highlights that BTC’s daily RSI has hit the oversold territory three times in the past two years. In each of the three instances, BTC’s price has surged by 60%, 63%, and 198% respectively. In the past two years, the #Bitcoin daily RSI has hit oversold territory three times, resulting in $BTC price surges of 60%, 63%, and 198%, respectively. With #BTC now below $62,000 and the RSI in oversold territory again, it might be a prime opportunity to buy the dip! pic.twitter.com/JkJ4IgoeML — Ali (@ali_charts) June 24, 2024 BTC briefly went below $60,000 on Monday but has since recovered the $60,000 level. BTC continues to trade in the red zone and is down by 3% in the daily chart, 7.5% in the weekly chart, 10.4% in the 14-day chart, and 12....

Long-term Bitcoin (BTC) holders have made generational wealth over the last decade. According to the statistics on BitInfoCharts, a BTC wallet that had been dormant for more than five years has transferred 8000 coins, worth around $535.6 million today, to Binance. The wallet received the coins on Dec. 6, 2018. Back then, the price of one BTC was about $3,810. Since December 2019, BTC’s price has risen by about 1673%. A wallet that had been dormant for 5.5 years transferred 8K $BTC($535.64M) to #Binance 40 mins ago. The wallet received 8K $BTC on Dec 6, 2018, when the $BTC price was $3,810.https://t.co/zvxAKbHKi6 pic.twitter.com/ZKZHdm4JkR — Lookonchain (@lookonchain) June 11, 2024 Also Read: Donald Trump Touts Bitcoin Mining As Final Defence Against CBDC As of now, it is unclear who the wallet owner is. It may be a Bitcoin whale, a financial institution, or even Binance itself. The owner may want to book profits after holding for over five years. Wil...

Both Bitcoin and Ethereum are projected to hit new all-time highs this week, according to Standard Chartered projections. Indeed, the financial services company expects the impending Spot Ethereum ETF approval to drive both assets to landmark price points. The US Securities and Exchange Commission (SEC) had surprisingly changed its tune on the Ether ETF filings. Many had expected rejection or delay, with the switch taking place early Tuesday. Specifically, Bloomberg increased its approval odds from 25% to a whopping 75%. Subsequently, Standard Chartered believes that will drive the value of the market’s two leading assets. Source: Watcher.Guru Also Read: SEC Informs Exchanges It May Approve Spot Ethereum ETFs Bitcoin & Ethereum to Set New All-Time Highs This Week At the start of the year, Bitcoin received the inaugural crypto-based ETF in the United States. Shortly after, all eyes were directed to what asset could receive the next approval. Now, that question seem...

Bitcoin is currently trading at the $67,500 level on Monday after touching an all-time high of $73,737 last week. The surge in price comes after the U.S. Securities and Exchange Commission (SEC) approved the Spot Bitcoin ETF in mid-January this year. Trillion-dollar-worth asset managers like BlackRock, Greyscale, and Fidelity, among others, provided BTC ETF services to their clients. Also Read: India Ditches BRICS Countries, Buys More U.S. Oil A decade ago, it would have been unheard of that leading financial institutions want to be a part of the Bitcoin phenomenon. However, despite bashing blockchain technology over the years, they eventually entered the cryptocurrency market in 2024. Both retailers and financial institutions now want to eat the larger share of the pie that BTC has to offer. The Next 10 Years Will Be Different For Bitcoin (BTC) Source: Watcher Guru While the mainstream is acknowledging BTC in 2024, the larger acceptance will come through in the next 10 ye...

An ex-takeaway worker living in the UK has been found guilty of laundering funds for a Chinese fraudster and managing over £2 billion ($2.5 billion ) in Bitcoin that has now been seized by police.   The Crown Prosecution Service (CPS) announced Jian Wen’s conviction at Southwark Court on Wednesday. It noted that the 42-year-old was guilty of one of three money laundering charges.  Wen had reportedly lived a ‘modest lifestyle’ in Leeds before meeting Yadi Zhang, real name Zhimin Qian. Zhang is a Chinese national and a wanted fugitive accused of making $6 billion in Bitcoin through scamming nationals in China.   The two moved to London and bought a six-bedroom manor house in 2017. They reportedly claimed to be international jewelers with Wen acting as a ‘front person.’ Zhang gave Wen 3,000 bitcoins, worth £15 million at the time and Wen helped convert it into various luxury items, cash, and property to disguise the true source of the funds. ...

Satoshi Nakamoto’s earliest confidante and first recipient of a Bitcoin payment, the late Hal Finney , is many people’s pick when asked who is Bitcoin ’s creator. Finney was the earliest and most influential user of the network and back when 1 Bitcoin was virtually worthless, he famously predicted that one coin might someday rally to $10 million. On the other hand, some people think that Finney was simply talking to and sending money to himself. Now that the highest copyright court in the world has entered a final judgment against the most notorious self-proclaimed Bitcoin creator, Craig Wright, it’s once again anyone’s guess who created the world’s foremost crypto. However, Bitcoin historian and multi-publication editor Pete Rizzo doesn’t think the judgment against Wright puts Finney back in the frame. Indeed, he published a full explanation of why he believes Finney and Satoshi Nakamoto are not the same person . Why I don't believe Hal Finney creat...

Bitcoin (BTC) has had an astronomical year so far in 2024. After reclaiming the previous all-time high of $69,044 last week, the original cryptocurrency has hit another new all-time high today, breaching the $73,000 mark. BTC currently sits at $73,181.50, rising 1.7% in the daily charts, 9.8% in the weekly charts, 25.7% in the 14-day charts, and more than 51% over the previous month. Moreover, BTC’s price has risen by 227.7% since March 2023. Source: CoinGecko Bitcoin’s (BTC) rally earlier this month was likely due to increased inflows into spot BTC ETF (Exchange Traded Fund) products. The US SEC (Securities and Exchange Commission) made a historic move and approved 11 spot BTC ETFs in January this year. Also Read: Bitcoin (BTC) Is Creating 1500 Millionaires Every Day However, the latest price spike could be a combination of spot BTC ETF inflows and the anticipation of another bull run fuelled by BTC’s halving event in April. Many analysts consider halvings...

Following a brutal bear market for most of 2022 and 2023, the crypto industry finally appears to be gaining its footing again in early 2024. Bitcoin and select altcoins have managed to climb back toward their former all-time price highs, signaling a potential change of fortunes after a prolonged crypto winter. With positive sentiment returning to the market and buyers regaining confidence, March could prove a momentous month if the following five cryptocurrencies manage to achieve new all-time highs. Also read: Cryptocurrency: Top 3 Cheap Coins To Buy For Massive Gains In March Ethereum Eyes $5,000+ As the second-largest cryptocurrency, Ethereum has neared its former peak of $4,891 twice since November 2021 but failed on both attempts. Currently still about 22% away from that high, ETH may finally be ready to set new records above $5,000 considering the anticipation of the ETH ETF and the awaited Ethereum upgrades. Shiba Inu Eyes $0.0001 Shiba Inu took the crypto...