News – Page 19

US House Votes to Overturn IRS DeFi Broker Rule

The U.S. House of Representatives has passed H.J. Res 25, effectively rejecting the Internal Revenue Service’s (IRS) controversial broker rule. The resolution, which gained overwhelming bipartisan support, aims to protect decentralized finance (DeFi) innovation and prevent regulatory overreach. According to the DeFi Education Fund, 292 lawmakers voted in favor of the resolution while 132 went against it. The 292 included all House Republicans, apart from a few that didn’t show up, as well as 76 Democrats.

Source: Wayne Jones, 2025-03-13; https://cryptopotato.com/us-house-votes-to-overturn-irs-defi-broker-rule/

Massive X Cyberattack: Here’s Who’s Responsible

X was hit by a distributed denial-of-service (DDoS) attack on Monday. Thousands of users were left unable to access the social media platform. A hacker group with alleged Russian ties, known as Dark Storm, has claimed responsibility for the cyberattack. The group’s leader announced the attack in a now-deleted Telegram post. The message boasted about taking X offline, with screenshots showing widespread connection failures across multiple locations. For confidential support call the Samaritans in the UK on 08457 90 90 90, visit a local Samaritans branch or click here for details.

Source: Chayanika Deka, 2025-03-12; https://cryptopotato.com/massive-x-cyberattack-heres-whos-responsible/

Almost $400 Million in BTC: Big Whales And Sharks Rebuilding Positions, Time to Buy Bitcoin?

Big players are positioning themselves strategically, potentially signaling what’s next for crypto. Bitcoin has been struggling near $82,000 after fresh daily decline of over 4%. Santiment revealed that Bitcoin’s whale and shark wallets have undergone several pivotal shifts over the past six months which indicates a major influence over the market’s direction. According to Santiment, wallets holding 10 or more BTC began accumulating heavily around October 12, coinciding with the start of Bitcoin’s latest bull rally. This trend continued until late December when activity paused during the holiday dip.

Source: Chayanika Deka, 2025-03-12; https://cryptopotato.com/almost-400-million-in-btc-big-whales-and-sharks-rebuilding-positions-time-to-buy-bitcoin/

El Salvador Buys the Dip: Adds 6 More BTC to Its Holdings

El Salvador has increased its Bitcoin holdings, purchasing 6 BTC on March 10 instead of its usual 1 BTC per day. This brings the country’s total Bitcoin reserves to 6,111.18, valued at approximately $493 million at current market prices. The latest buy comes as Bitcoin’s price continues to hover just above $80,000 at the start of the week. In December 2024, the Salvadoran government secured a $1.4 billion financing agreement with the IMF. As part of the deal, the nation to revoke Bitcoin’s status as legal tender and limit its use.

Source: Wayne Jones, 2025-03-12; https://cryptopotato.com/el-salvador-buys-the-dip-adds-6-more-btc-to-its-holdings/

Bitcoin Whales Accumulate During Post-Inauguration Price Correction

Wales holding 10+ BTC have been accumulating 1,002 Bitcoin daily over the past five days. This reflects a positive accumulation trend, contributing to a 2.8% price increase in the same period. Over the last six months, the on-chain analytic platform has identified five distinct accumulation cycles, each with varying impacts on Bitcoin’s price trajectory. From July 20 to October 11, whales accumulated 164 BTC daily, coinciding with a 7.3% price decline. This trend shifted dramatically from October 11 to November 5, with 884 BTC added daily, re

Source: Chayanika Deka, 2025-01-23; https://cryptopotato.com/bitcoin-whales-accumulate-during-post-inauguration-price-correction/

Coinbase CEO Suggests Possible USDT Delisting Under Regulatory Pressure

Coinbase CEO Brian Armstrong says the exchange could be forced to delist USDT to comply with potential new regulations. Armstrong was discussing the possible impact of new rules that could require stablecoin issuers to back their tokens entirely with U.S. Treasury bonds and undergo periodic audits. The executive was to the Wall Street Journal on the sidelines of the World Economic Forum in Davos, where he stressed that it would be essential for his company to comply. However, Armstrong was also keen to point out that Coinbase would continue providing USDT services to customers.

Source: Wayne Jones, 2025-01-23; https://cryptopotato.com/coinbase-ceo-suggests-possible-usdt-delisting-under-regulatory-pressure/

Alexey Pertsev to Be Released from Prison Today With an Electronic Monitor

Alexey Pertsev will be released from prison today under electronic monitoring. He continues to appeal his money laundering conviction linked to Tornado Cash. His release comes after months of unsuccessful bail requests and growing concerns over how the legal system treats privacy-focused crypto developers. In August 2022, the U.S. Treasury imposed sanctions on the crypto mixer, accusing it of enabling the laundering of over $7 billion since 2019. The Tornado Cash developer added that this would allow him to focus on his appeal and fight for justice.

Source: Wayne Jones, 2025-02-08; https://cryptopotato.com/alexey-pertsev-to-be-released-from-prison-today-with-an-electronic-monitor/

Bitcoin Price Analysis: Is BTC Due for an Imminent Crash to $80K This Week?

Bitcoin is currently testing a crucial support zone at the 200-day moving average ($83K) and the 0.5 Fibonacci retracement level. The price action near this range is critical and decisive for the market, as a bearish breakdown could trigger a major sell-off. For now, Bitcoin is trapped between the 100-day ($95k) and 200- day MAs ($83k) Until a decisive breakout occurs, consolidation is the most probable scenario for the short term.

Source: CryptoVizArt, 2025-03-09; https://cryptopotato.com/bitcoin-price-analysis-is-btc-due-for-an-imminent-crash-to-80k-this-week/

These Challenges Affect Institutional Crypto Adoption Strategies (Survey)

A new survey by the blockchain infrastructure provider P2P.org has unveiled some challenges and trends affecting institutions’ crypto adoption strategies. It also highlighted opportunities that institutions could explore to adapt to the evolving practices in the crypto industry. The survey included participation from more than 15 institutional players, with intermediaries, investment funds, and venture capital funds making up 46, 31, and 23% of the respondents, respectively. According to the results sent to , 33.4% of respondents said the biggest challenge faced by their company is integrating new crypto yield products aligned with their risk tolerance.

Source: Mandy Williams, 2024-12-23; https://cryptopotato.com/these-challenges-affect-institutional-crypto-adoption-strategies-survey/

Ripple Price Analysis: Can XRP Take Down $3 After 8% Daily Surge?

Ripple’s price has been steadily rising, nearing the upper boundary of the sideways wedge pattern. A breakout above this critical threshold could ignite bullish momentum, with buyers targeting the $3 resistance zone. Strong buying activity near the 0.5-0.618 Fibonacci retracement levels has fueled this upward move. The coming days will be pivotal, as the price action near $2.5 will dictate Ripple’s short-term trajectory. A successful breakout could set the stage for a sustained bullish trend.

Source: CryptoVizArt, 2025-01-15; https://cryptopotato.com/ripple-price-analysis-can-xrp-take-down-3-after-8-daily-surge/

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