Crypto

Patrick Witt announced his departure from the White House last week. White House Executive Director of the President’s Council of Advisors for Digital Assets Patrick Witt is leaving government service and returning to the private sector. Where does that leave the council? PS: I'll be at Money 20/20 on Monday and Tuesday and NEXTPredict on Thursday and Friday. Want to say hi? Ping me on Telegram. You’re reading State of.

Crypto

Wall Street's fear gauge, the VIX index, spiked on Friday as stocks dropped. History says Friday panics usually fade on Monday. Seasonality and calm bitcoin suggest the same. Wall Street's fear gauge, the VIX index, ripped higher on Friday as stocks tanked on AI and geopolitical worries. Bitcoin BTC$81,015.33 traded choppy. However, if VIX history and bitcoin’s steady weekend price action are any guide, the panic could subside just as.

Crypto

Parliament passed a law taxing crypto withdrawals above deposits rather than individual trades, featuring a one-time declaration mechanism. Latvia could allow residents to pay personal taxes with cryptocurrency as early as next year, as part of a push to attract crypto firms and investors. The country’s Finance Ministry has agreed to the plan, though technical work with a payment provider remains, said Didzis Dejus, an adviser to the prime minister.

Crypto

Analytics firm Allium said stablecoin payments hit $482 billion this year so far, up 45%, as card spending surges and global payment firms add crypto rails. Stablecoin supply has barely budged this year, but the digital dollars already in circulation are doing more work in payments, according to a fresh report from blockchain analytics firm Allium. Stablecoin payments are growing at a rapid pace, reaching $482 billion in the first.

Crypto

Bitwise sees a potential return above $100,000, while LO:TECH expects a narrower trading range as interest-rate uncertainty weighs on the market. Bitcoin BTC$82,001.05 could reclaim $100,000 before year-end as institutional adoption and demand for hard assets overcome near-term economic uncertainty, according to crypto asset manager Bitwise, offering a more bullish outlook than traders who expect inflation and elevated interest rates to constrain gains. The forecasts highlight a divide over timing.

Crypto

The security firm found that 77% of third-quarter losses involved compromised suppliers, delayed fixes or systems outside the latest security reviews. Crypto investors may be putting too much faith in security audits that fail to cover the systems hackers actually target, according to blockchain security firm Hacken. In a report released on Thursday, Hacken found that hackers stole $1.18 billion across 107 incidents during the third quarter, 55% more than.