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DeFi News
DeFi News

Venture Capital firm a16z Calls US Infrastructure Bill “Flawed”

Venture capital firm, Andreessen Horowitz (a16z) has issued an open letter, suggesting amendments to the bipartisan, $1.2 trillion worth, US infrastructure bill, that plans to radically increase crypto tax and raise nearly $28 billion from cryptocurrency tax enforcement measures. Latest tax regulations will also allow the U.S. Internal Revenue Service (IRS) to demand all digital

Venture capital firm, Andreessen Horowitz (a16z) has issued an open letter, suggesting amendments to the bipartisan, $1.2 trillion worth, US infrastructure bill, that plans to radically increase crypto tax and raise nearly $28 billion from cryptocurrency tax enforcement measures. Latest tax regulations will also allow the U.S. Internal Revenue Service (IRS) to demand all digital

Bitcoin News
Bitcoin News

13K BTC Flows Out of Coinbase Suggesting Institutions Are Buying Bitcoin Dips

Bitcoin failed to consolidate its position above $50,000 for the fourth day after registering a new all-time-high last week above $58,000. However, this has not deterred institutional investors from buying the current Bitcoin dip as nearly 13k Bitcoins moved from Coinbase to multiple custody wallets. The purchase came at $48,000 apiece. Crypto analyst Ki-Young Ju

Bitcoin failed to consolidate its position above $50,000 for the fourth day after registering a new all-time-high last week above $58,000. However, this has not deterred institutional investors from buying the current Bitcoin dip as nearly 13k Bitcoins moved from Coinbase to multiple custody wallets. The purchase came at $48,000 apiece. Crypto analyst Ki-Young Ju