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Hong Kong is positioning itself as crypto’s global nexus, says lawmaker Johnny Ng

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Johnny Ng is not interested in zero-sum cryptopolitics. While regulators in Washington, Beijing and elsewhere in Asia are charting their own paths for digital assets, the Hong Kong legislature is focused on something else entirely: building connective tissue between markets, technologies and jurisdictions that rarely move in sync. Ng, who represents the technology sector in […]

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Bitcoin’s ‘hopium’ for bulls is over, and this weekend’s slide may just be the beginning

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Bitcoin’s price fell sharply over the weekend, falling below $78,000 – its lowest level since April – as profit-taking collided with thinner liquidity and a lack of fresh buyers. Traders told CoinDesk that a rally once supported by corporate demand, particularly from Strategy’s ( MSTR ) bitcoin purchases, has run out of steam, leaving markets

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Elizabeth Warren sounds alarm over Trump’s ‘spy sheikh’ crypto deal

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Senator Elizabeth Warren is calling for congressional hearings after new reporting revealed that the United Arab Emirates’ top intelligence service secretly took a nearly 50% stake in a Trump-era crypto firm. According to a Wall Street Journal investigation, an entity backed by Sheikh Tahnoon bin Zayed Al Nahyan — the United Arab Emirates’ national security

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Progress Tips: Crypto Mode

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Despite the rocky start cryptopolitics got off to this year, it currently appears that US policymakers are making progress on the legislative and regulatory fronts. The White House is starting new discussions about stablecoin dividends with representatives of the banking and crypto industries. You’re reading State of Crypto, a CoinDesk newsletter that looks at the

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Here’s Why Bitcoin Traders Are Now Betting Billions On A Drop To $75,000 And Pricing The Price To Rise Higher

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Bitcoins BTC$78,358.92 price collapse has changed market sentiment and betting on it is sliding further now, as hot as the moonshot plays above $100,000. The leading cryptocurrency by market capitalization has fallen nearly 10% this week, hitting nine-month lows below $78,000, according to CoinDesk data. The price swoon has traders looking for put options, the

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Bitcoin does not compete with gold, but rather prediction markets and ultra-short options

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Bitcoin BTC$78,358.92 suffering from an identity crisis that has nothing to do with fundamentals and everything to do with shrinking attention spans. While gold rose more than 12% and the S&P 500 ticked higher in the past 30 days, bitcoin slid more than 10% in a market that seemed to have no reason to shock

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Michael Saylor hints at another bitcoin buy despite market turmoil

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Strategy (MSTR) Executive Chair Michael Saylor indicated that the largest publicly traded holder of bitcoin BTC$78,358.92 bought more of the largest cryptocurrency over the past week. “More Orange,” Saylor wrote in an X post Sunday morning. For months, Saylor has typically previewed Strategy’s bitcoin purchases with a weekend post referencing orange dots, a signal usually

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Why your offshore crypto is no longer safe from the IRS

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David Klasing, a California tax attorney, remembers meeting a client whose early cryptocurrency holdings had grown to $700 million in eight years, and after never reporting a dime of it, they were losing sleep over the prospect of being jailed for tax evasion. Klasing says he recommended the client complete a voluntary disclosure, a penalty-reduction

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Strategy (MSTR) lifts STRC dividend as shares fall below par

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Michael Saylor, executive chairman of Strategy (MSTR), said the largest publicly traded holder of bitcoin BTC$78,748.36 raised the yield on its preferred stock, Stretch ( STRC ), by 25 basis points to 11.25% for February. Strategy describes Stretch (STRC) as a short-term, high-return savings account. The increase is the sixth since STRC was first traded

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