Bitcoin (BTC) gets a bad name among some investors due to its steep double-digit drawdowns that punish late buyers, but data suggests the outcome can change with time. Since 2017, investors who bought BTC near the market highs faced losses of about 40%–50% in the next two years, but data shows many of those positions … Read more
Nevin Shetty was convicted of wire fraud related to secretly moving $35 million in funds from a Seattle startup to his own crypto platform in 2022 to use for DeFi investments. A Seattle judge has sentenced the former chief financial officer of a local startup to two years in prison following his conviction for wire … Read more
Pakistan’s parliament passed the Virtual Assets Act, 2026 on Wednesday, cementing the Pakistan Virtual Assets Regulatory Authority (PVARA), a government agency, as the country’s digital asset regulator. The framework gives PVARA, established in July 2025, the authority to enforce licensing requirements and oversight over digital asset service providers, according to an announcement from the regulator. … Read more
Bitcoin (BTC) slipped under $70,000 around Friday’s Wall Street open as weak US employment data failed to boost risk assets. Key points: Bitcoin and stocks slump in reaction to a surprise downturn in US nonfarm payrolls. Fed interest-rate odds stay hawkish, with markets seeing just one cut this year. BTC price action “round trips” its … Read more
Bitcoin (BTC) traded 4.5% below the $74,000 high reached on Thursday, with traders conflicted over whether this level may have marked the local top for BTC price. Key takeaways: Bitcoin charts still show similarities to the 2022 bear cycle, suggesting another leg down below $60,000 is possible. Others say the bottom is in and expect … Read more
Vancouver, Canada, city staff said Bitcoin cannot be held in municipal reserves and recommended that the city council drop a proposal to create a Bitcoin reserve. City staff, led by Colin Knight, general manager of the Finance and Supply Chain Management Department, “conclusively determined” that Bitcoin (BTC) is not an “allowable investment” under the Vancouver … Read more
The euphoric altcoin seasons where almost every cryptocurrency rises across the market are probably not coming back, says Bitwise investment chief Matt Hougan. “I think that game is over. I think we’ll see a non-traditional altcoin season,” Hougan said in an interview on Wednesday. “An altcoin season that rewards assets with real-world traction and real-world … Read more
The quantum computing company PsiQuantum is a step closer to its goal of building the world’s first useful quantum computer, breaking ground on the construction of a 1 million-qubit quantum facility, a size that scientists say is powerful enough to crack Bitcoin’s cryptography. PsiQuantum co-founder Peter Shadbolt shared a photo of its Chicago site on … Read more
The Securities and Exchange Commission has ended its long-running fraud and securities violation lawsuit against Justin Sun in a $10 million settlement. The US Securities and Exchange Commission has ended its lawsuit against crypto entrepreneur Justin Sun with a $10 million settlement, ending a two-year legal battle over alleged fraud and securities laws violations. The … Read more
The US Internal Revenue Service (IRS) is seeking to require electronic delivery of tax forms to crypto exchange users. Under the current rules, exchanges are required to provide paper copies of tax form 1099-DA, the IRS tax form used to document crypto transactions from a centralized exchange or broker, if users request paper forms. The … Read more