Bitcoin
Trump’s Crypto Fortune, Proposed Bill Allowing Federal Tax Payments in Bitcoin, and More: Crypto Weekly Round-Up – Point Bridge America First ETF (BATS:MAGA)
As the week comes to a close, the world of finance and cryptocurrencies has been anything but quiet. From the former president Donald TrumpFrom potential crypto wealth to the introduction of a bill allowing federal taxes to be paid in Bitcoin, the news cycle has been full of intriguing developments. Here’s a quick recap of the top stories that made headlines.
Trump’s Crypto Fortune
Former President Donald Trump finds himself in the spotlight again, this time in the realm of cryptocurrencies. Your digital wallet contains more than half a million TRUMP CARD MAGA/USD tokens, leading to speculation about the value of their holdings. The tokens were allocated to Trump’s wallet as part of a MAGA marketing scheme, the first project to do so. Read the full article here.
Federal Tax Payments in Bitcoin
Congressman Mateus Gaetz (R-Fla.) has proposed a bill that would allow federal income tax payments to be made in Bitcoin BTC/USD. The legislation aims to amend the Internal Revenue Code of 1986, offering taxpayers a new way to settle their federal tax obligations. Read the full article here.
See too: Congressman Matt Gaetz Introduces Bill to Allow Federal Tax Payments in Bitcoin
Crypto Analyst’s Opinion on Memecoins
Cryptocurrency analyst Michaël van de Poppe recently shared his views on meme coins such as Dogecoin DOGE/USD, Shiba Inu SHIB/USD and more. Despite their popularity, he has expressed a general dislike for them, criticizing celebrities who leverage their followers to start meme coins for financial gain. Read the full article here.
Ark Invest’s Big Moves
Cathie Wood’s Ark Invest did significant business in Roku Inc.. ROKU and Coinbase Global Inc. COIN, amid a volatile market. The company acquired $7.3 million in shares of Roku Inc., a promising competitor to Netflix. Read the full article here.
US Government Bitcoin Transfer
Wallets believed to be linked to the U.S. government have transferred a significant amount of cryptocurrency — 3,940 Bitcoins valued at $241 million — to Coinbase. The move comes on the heels of a similar transfer by the German government. Read the full article here.
Bitcoin illustration via Shutterstock.
Market news and data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.