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
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
The legitimacy of cryptocurrency in the United States has received another boost now that Donald Trump has announced he will accept campaign donations using altcoins. Trump mentioned the acceptance of crypto donations during a recent Q&A session regarding the release of a new batch of Mugshot Edition NFTs he is selling. “If you can’t, I’ll … Read more
Either today or tomorrow, a halving of Bitcoin will occur. After reaching its all-time high in March of this year ($73,803.25), some experts suggest that the timing of the BTC halving could spark six-figure values before the end of the year. Generally speaking, a stock or investment split is a good thing. It means that … Read more
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
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
Online sports betting – and to an even greater degree, online casino gambling – are big businesses. But they’re also disruptive. For example, in the US, there are fewer than 30 states with legal online sports betting despite it being over four years since PASPA was overturned. Even fewer states – less than 10 – … Read more
Now that the 2022 NFL campaign is finally underway, there’s a good chance you’re betting on it. There’s also a good chance that it’s your first time betting on sports. More new gamblers seem to lace ‘em up during NFL season than during any other time of the year. At least, that’s true in the … Read more
The best coins for online sports betting banking rotate with the market. But for all intents and purposes, there’s really only ever a handful of options that meet all the primary use cases for crypto betting in general. We covered those here, and the TL;DR is this: Bitcoin, Ethereum, and third-gen proof-of-stake coins like Avalanche, … Read more
Earlier this week, we briefly mentioned the phenomenon of dormant Bitcoin wallets and their impact on the market once they “wake up.” In most cases, the owners of such wallets know better than to loose all their crypto onto the exchanges in one fell swoop. Given enough coinage, this would cause a rapid sell-off and … Read more
As Bitcoin falls below $20,000 – which, for some reason, is the exact arbitrary threshold under which everyone freaks the f*** out – there’s been a lot of discussion about the whys and wherefores. Some crypto blogs blame stonks, other blogs blame Russia and/or Ukraine. Still others blame this anonymous whale unleashing 10,000 heretofore dormant … Read more
With online sports betting growing more accepted and supported at the state level lo these many years, legal offshore sportsbooks have always enjoyed several major advantages. Chief among these have two equally valuable perks: These are nationwide sportsbooks. That is, there’s no geofencing, which allows wagers to come in from everywhere. This guarantees that the … Read more