Matrixport released a chart saying that while everyone is concerned about the impact of the next US president on bitcoin, in reality, the impact may be more reflected in the regulation of the bitcoin ecosystem than in bitcoin itself. Cryptocurrences have experienced strong gains under both Republican (2016-2020) and Democratic (2020-2024) administrations. Therefore, despite the media buzz about the upcoming election, bitcoin is likely to remain positive regardless of who takes the White House.
In the face of criticism that he was undermining the Fed's autonomy, Mr. Trump played down the idea that he should be able to freely share his views on interest rate policy. "I think presidents can talk. That doesn't mean they have to listen," Mr. Trump said after an event in the swing state of Pennsylvania on Monday. Mr. Trump said he had "assiduously persuaded" Fed chairperson Jerome Powell on interest rates during his tenure and that "it may have had an effect,...
The New Zealand Revenue Authority statement said the agency is paying more attention to those who do not declare income from crypto-asset transactions on their tax returns. 227,000 independent crypto-asset users in New Zealand have been identified as having made about 7 million transactions worth $7.80 billion.