US infrastructure bill

POKKET: Crypto Market Update (Sep 19)

POKKET: Crypto Market Update (Sep 19)

Bitcoin is +2.3% to $48.3k, ETH is +1.4% to $3430. Movers are SRM +16%, YFII +11%, DEGO +9%, POLY -7%. Coinbase has signed a $1.4M contract with the US Homeland Security to provide the Immigrations and Customs Enforcement branch with blockchain analytics software. An overlooked provision for digital assets in the latest US Infrastructure Bill may force receivers of crypto to report to the IRS who sent it to them, for every transaction over $10k and not doing so within 15 days would be a felony. …
POKKET: Crypto Market Update (Aug 14)

POKKET: Crypto Market Update (Aug 14)

Bitcoin is up +7% to $47.7k, ETH is leading +10% to $3300. Movers are GTO +38%, DENT +36%, LINA +21%, LRC +18%, SNX +17%, CRV +16%, AUDIO MATIC +15%, MKR POND +14%, rest follow upward, no standouts on the downside. Positive momentum possibly created by news the Biden administration reportedly has no interest in applying the Senate Infrastructure Bill’s definition of “broker” to miners, validators and devs. Bloomberg news cites an unnamed official saying the Treasury Department, which oversees th…
POKKET: Crypto Market Update (Aug 10)

POKKET: Crypto Market Update (Aug 10)

Bitcoin is +6.0% to just under $46,000, ETH is +6.4% to $3150. Movers are CTSI +77%, NKN +35%, SXP +19%, AST UMA +17%, CELR +14%, WABI +13%, REEF BZRX +12%, CHZ +11%, nothing on downside stands out. The verdict is out on the US Infrastructure Bill for crypto as the Senate rejects the revised crypto tax provisions. The crypto-friendly amendment failed after Senator Richard Shelby, who is retiring this year, tried to tack on $50B in military infrastructure spending but was voted against, so he vot…
POKKET: Crypto Market Update (Aug 9)

POKKET: Crypto Market Update (Aug 9)

Bitcoin is -1.4% at $43.6k, ETH is softer -4.5% to $2,950. Movers are DENT +13%, MITH FIS -10%. The US Infrastructure Bill vote was delayed to today as the Senate considers two rival amendments that determine which crypto entities must provide customer information to help pay for the $1B cost of the Bill. The Senate votes at noon EDT, or 16:00 UTC. NFT hype continues, as Axie Infinity becomes Ethereum’s first NFT based game to hit $1B in sales according to data from CryptoSlam!; in comparison, N…
POKKET: Crypto Market Update (Aug 8)

POKKET: Crypto Market Update (Aug 8)

Bitcoin is +2.0% to $44,000, ETH continues to climb, now at $3100 +6.5%. Movers are ALPHA +19%, ZRX +17%, OXT +16%, DODO +11%, UNI +10%. $30M in Ethereum has been burned over the past two days post-EIP-1559 implementation. The entire crypto market is being lifted up after the London hard-fork on Friday, despite all the major developments in the US Infrastructure Bill which goes to a vote over the weekend. Brian Armstrong of Coinbase made a tweet thread explaining the dangers to in…
POKKET: Crypto Market Update (Aug 7)

POKKET: Crypto Market Update (Aug 7)

Bitcoin is +7.4% to $43,350, ETH is up +5.2% to $2900. Movers are FIS +34%, AUDIO +21%, HOT +17%, BZRX +15%, DOCK PNT +13%, DENT +12%, TRU -23%. Brian Brooks has resigned as Binance US CEO after only three months, as pressure mounts on the exchange from regulators. In the latest developments around the US Infrastructure Bill, according to the Washington Post Janet Yellen appears to be the reason for an abrupt change in a Senate debate over the definition of 'broker', pushing to keep it vague. Th…
POKKET: Crypto Market Update (Aug 5)

POKKET: Crypto Market Update (Aug 5)

Bitcoin is up +3.6% to just a touch under $40k, ETH is up a whopping +8.3% to $2700 prior to the EIP-1559 fork. Movers are COMP +16%, AXS BQS TRU PNT +13%, ALPHA +12%, rest are calm. Ethereum’s long awaited London hard fork happens soon, which includes the big change EIP-1559 which changes how transactions are structured by introducing a new base fee to make transaction costs transparent and less of a guessing game. It will also add a level of gamification by burning the transition fees, wh…
POKKET: Crypto Market Update (Aug 3)

POKKET: Crypto Market Update (Aug 3)

Bitcoin price is softer -2.4% to $39.3k, ETH is humming along +1% to $2625. Movers are BQX +19%, NKN +10%, rest are zzz. All eyes on the US Infrastructure bill as the crypto clause gets updated, but its 'not good enough' according to insiders. Many politicians who are advocates of not only crypto, but for technological innovation, are voicing their concerns and constituents are getting active. The final bill's language around crypto reads now: "any person who is responsible for regularly providi…