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news-imageDecember 13, 2024

Early Bitcoin investor jailed for falsely reporting crypto gains in $4M BTC sale

A Bitcoin investor from Texas has become the first person to be imprisoned for failing to disclose crypto gains. The individual in question was sentenced to two years in jail today for filing a tax return that falsely underreported his capital gains from selling $3.7 million in Bitcoin.
Publisher: Cryptopolitan
Sentiment: Negative
BTC

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cover-imageCrypto Economy
December 13, 2024

VanEck Forecasts $180K Bitcoin Peak and Summer Consolidation in 2025

TL;DR VanEck projects Bitcoin will reach $180,000 and Ethereum will surpass $6,000 in 2025, followed by a correction of up to 60% in altcoins during the summer. The Trump administration will push pro-crypto policies, with expectations of new state Bitcoin reserves and the approval of innovative financial products.

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cover-imageCointribune
December 13, 2024

Here Is What Bitcoin Miners Actually Earn In 2024

Bitcoin miners have earned over 70 billion dollars since the creation of the Bitcoin network. An analysis reveals that BTC users have paid miners a total of 71.49 billion dollars, which represents just 3.6% of the record market capitalization of 2 trillion dollars reached by Bitcoin.

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cover-imageThe Currency Analytics
December 13, 2024

Bitcoin Price Prediction for December 13, 2024: Stability at $100K

Bitcoin has demonstrated impressive performance this year, recording a YTD return of approximately 140%, and today's market action reflects the asset's continued strength. With a market dominance of 54.98%, Bitcoin remains the largest cryptocurrency by market capitalization, consolidating around the crucial $100,000 level.

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cover-imageCrypto news
December 13, 2024

Riot acquires 5,117 BTC for $510m

Riot Platforms has added to its growing Bitcoin holdings after the crypto miner and infrastructure provider scooped 5,117 more BTC for $510 million. The Colorado-based Bitcoin (BTC) mining company announced the fresh acquisitions on Dec.

Positive
cover-imageBenzinga
December 13, 2024

The Top Statistics Of Bitcoin's $100,000 'Monumental Milestone'

Glassnode's latest Bitcoin (CRYPTO: BTC) analysis highlights the most interesting statistics related to the apex crypto's monumental $100,000 milestone. It took Bitcoin 5,256 days of trading to grow from fractions of a cent to a $2 trillion market cap, surpassing the total market cap of silver in the process.

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cover-imageBenzinga
December 13, 2024

Always Pay The Tax Man: Bitcoin Investor Sentenced To Two Years For Tax Evasion On Crypto Gains

In a landmark case, Frank Richard Ahlgren III, an early Bitcoin (CRYPTO: BTC) investor from Austin, Texas, has been sentenced to two years in prison for underreporting millions in cryptocurrency gains. The case represents the United States' first criminal prosecution solely focused on tax evasion involving digital assets, marking a significant development in the regulation and enforcement of cryptocurrency transactions.

Positive
cover-imageBenzinga
December 13, 2024

Riot Platforms Acquires 5,117 Bitcoin For $510Million

Bitcoin mining company Riot Platforms (NASDAQ:RIOT) on Friday announced the acquisition of 5,117 Bitcoin (CRYPTO: BTC) for $510 million. The purchase, funded through the net proceeds of the company's recent $525 million, 0.75% coupon convertible bond issuance, was made at an average price of $99,669 per Bitcoin, inclusive of fees and expenses.

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cover-imageCoinPedia
December 13, 2024

Time to Buy Bitcoin? Riot Platforms Buys $510M Worth of BTC

The United States-listed Bitcoin mining firm Riot Platforms (RIOT) has acquired a significant 5,117 Bitcoin (BTC) for $510 million. These notable acquisitions occurred when BTC was trading near its all-time high, indicating massive adoption and heightened interest in the world's largest cryptocurrency.

Positive
cover-imageCryptoGlobe
December 13, 2024

Bitcoin in State Treasury? Texas Representative Proposes Strategic Reserve

House Bill 1598, introduced by Texas Representative Giovanni Capriglione on Dec. 12, outlines a plan to establish a Bitcoin reserve within the state treasury. The bill, titled the Texas Strategic Bitcoin Reserve Act, details the state comptroller's responsibilities for managing Bitcoin as a financial asset, including provisions for secure storage and a long-term holding strategy.

Positive
cover-imageBitcoin
December 13, 2024

Glassnode Report Reveals $131 Trillion Bitcoin Transfer Volume and Institutional Expansion

Bitcoin has reached a historic $100,000 milestone, Glassnode reports, marking a pivotal moment in its evolution with over $131 trillion in transaction volume, a $2 trillion market cap, and increasing institutional adoption. Bitcoin's $131 Trillion Journey According to Glassnode's latest onchain report, bitcoin (BTC) has crossed a monumental threshold, reaching $100,000 per coin on Dec.

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