Crypto News
Polymarket Traders Bet on Canadian Tariff Cuts After Lutnick Hints at Negotiations
There's a 70% chance that the trade war between Canada and the U.S. will be over by May, according to odds on a Polymarket contract on the topic, as Commerce Secretary Howard Lutnick told Fox Business that U.S. President Donald Trump was open to negotiation.On Tuesday morning, Canada and Mexico faced the implementation of 25% tariffs on all products entering the U.S., with President Trump citing their failure to curb fentanyl trafficking and illegal immigration as a national security threat.But later in the day, Lutnick appeared to offer a potential avenue for negotiation, with odds rising 20% in a few hours on Polymarket.I think going to work something out with them," Lutnick said on Fox Business. "It’s not going...
Hut 8 Reports $80.7 Million in Crypto Revenue, Bitcoin Reserve Rises to 10,171 BTC
Hut 8 Corp. has reported $80.7 million in crypto-related revenue for 2024, driven by bitcoin mining and GPU-as-a-service operations. The company expanded its bitcoin reserve to 10,171 BTC and secured a $125 million partnership with Bitmain. Hut 8 Expands Bitcoin Mining and Digital Infrastructure with $125M Bitmain Deal Hut 8 Corp., a bitcoin mining andSource link
You Can Win Bitcoin By Playing This Blackjack Game
THNDR Games has launched a Bitcoin-infused version of blackjack on mobile and web, letting players wager BTC to potentially win more.Source link
Lazarus Group Completes ETH Laundering, Amassing 6,706 BTC in the Process
Blockchain analysis reports from Arkham Intelligence indicate that North Korea’s Lazarus Group has fully laundered the ethereum (ETH) proceeds from the Bybit breach, with a significant share of the assets now converted into bitcoin (BTC). From ETH to BTC: Lazarus Group Now Holds 6,706 Bitcoin Worth $591M Examining 57 separate accounts, the hackers behind theSource link
Effort to Kill IRS Crypto Rule Clears U.S. Senate Hurdle
Strong support from many Democrats helped win a victory for a U.S. Senate effort to erase a Biden administration crypto tax rule on Tuesday, clearing what may have been the most difficult hurdle toward eliminating the Internal Revenue Service's new broker rule that was set to include decentralized finance (DeFi).The Senate voted 70-27 to approve a resolution under the authority of the Congressional Review Act to cut out the expansion of the IRS' broker rule as if it never existed. But the House of Representatives will still have to follow with a matching approval, after which President Donald Trump can sign it into law.At that point, not only is the rule stricken from the books, but the IRS is blocked...