Bet On Trump’s Strategic Cryptocurrency Reserve

Bitcoin sunrise over the White House

Sunday on Truth Social, President Trump announced his intentions to create a strategic cryptocurrency reserve consisting of holdings of Bitcoin, Ethereum, Ripple, Solana, and Cardano. This announcement follows up on Trump’s campaign promise to make the United States the cryptocurrency capital of the world. A reserve will require management from a team of financial experts … Read more

As Bitcoin Surpasses $100K, Don’t Sleep On Other Altcoins

Bitcoin launching into space while Cardano Solano and Dogecoin logos watch

Yesterday, the value of Bitcoin surpassed $100,000 for the first time. This morning, the trading price of BTC is hovering around $102,500. Last night, at 12 a.m., it hit its all-time high of $103,360.68. Much of these gains are due to Donald Trump winning the presidency. His pro-crypto stance during the 2024 campaign has bore fruit, … Read more

Trump’s “World Liberty Financial” Will Issue Stablecoins

Donald Trump speaking into a microphone next to a World Liberty Financial logo

On Monday, Donald Trump participated in a live stream on X Spaces, during which he discussed World Liberty Financial, a new cryptocurrency venture that will issue a stablecoin called the $WL token. A stablecoin is a type of cryptocurrency whose value constantly matches that of another asset. In the case of the $WL token, the … Read more

Bitcoin Not On Trump’s Radar During Musk Twitter Interview

Donald Trump next to Elon Musk with logos for Twitter, X, and Bitcoin in the background

Following a brief delay caused by what Elon Musk described as a cyberattack on Twitter/X servers, former President Donald Trump was interviewed live over the social media platform to millions of viewers. Due to Musk’s connection with cryptocurrency markets like Dogecoin and Trump’s recent adoption and endorsement of Bitcoin for campaign contributions, there was an expectation that … Read more

Bitcoin Super Bowl Prop Bets: Wager On The Price Of BTC During The Big Game

Super Bowl LVIII logo featuring a BTC logo hovering over the Las Vegas skyline

One of the most popular cryptocurrencies used for betting on sports online is Bitcoin. Whether depositing or withdrawing, no sportsbook banking option is more secure. BTC is as common as major credit and debit card brands at online Super Bowl sportsbooks. Gambling sites prefer it to standard methods because there is no government oversight to … Read more

Betting On Bitcoin: Fidelity’s Crypto Prospects Cause BTC Boom

An intense muscular man flexing with a Bitcoin logo over his face

Wall Street juggernauts continue to flirt with cryptocurrency legitimization, and altcoin markets have responded kindly over the past few weeks. Unlike traditional commodity and financial markets, cryptocurrency is entirely dependent on future speculation. The current value of Bitcoin is $41,865.49. On December 18, 2022, BTC was worth $16,896.17. In just one year’s time, Bitcoin has … Read more

Betting On Bitcoin: Odds Suggest Value Will Dip Under $17,500 On December 31

Bitcoin value drop causes panic

For anyone following the cryptocurrency market over the past few months, it is no secret that values for altcoins are sinking across the board. On October 7, 2021, the value of Bitcoin (BTC) was just under $55,000 per coin. Today, BTC is trading at just over $19,600. Prop bets are posted at the sites included … Read more

IRS Bitcoin Inquiry And Its Impact On Cryptocurrency Sports Betting Winnings

reporting your cryptocurrency sports betting winnings to the IRS

The Internal Revenue Service is currently stepping up efforts to collect cryptocurrency transaction records, believing that nearly $30 billion in tax revenue will result from the investigation. Customers that have used the popular tax filing software like TurboTax in the past have probably seen the following question on their last few returns: “At any time … Read more