FameEX Morning Crypto News Recap | March 22, 2024

Bitcoin Miners Close to Exceeding February Profits Ahead of Two Impending Difficulty Adjustments

Bitcoin miners are approaching a pivotal moment as they near the network's halving event, with less than 4,300 blocks to go and two difficulty adjustments on the horizon. As the month nears its end with only ten days left, the earnings of miners for this month are close to surpassing the total income earned in February.

Greens' Effort to Revoke German Cryptocurrency Tax Exemption Leads to Controversy

The discussion on cryptocurrency taxation in Germany intensifies with Alliance90/The Greens, a Green parliamentary group in the German Bundestag, aiming to eliminate the tax exemption for cryptocurrency investments. They argue that the existing tax break, which exempts crypto holdings from taxes if held for over a year, is unjust and are advocating for its removal.

Estonian Government Passes Legislation to Oversee Cryptocurrency Service Providers

The Estonian government has sanctioned a bill aimed at regulating cryptocurrency service providers to align with the EU Crypto Asset Market (MiCA) regulations. This new legislation mandates that providers be regulated by the Financial Supervisory Authority (FSA), which will begin issuing licenses in 2025. Current FIU license holders are required to secure an FSA license by the conclusion of 2025.

Reddit's Market Valuation Hits $6.5 Billion, Strongly Connected to Cryptocurrency

Reddit made its public debut on Thursday, opening at $47 per share, marking a notable rise from its $34 issue price set on Wednesday. This puts Reddit's valuation at around $6.5 billion. The social media platform has a significant connection to the cryptocurrency community, highlighted by its popular subforums r/Cryptocurrency and r/Bitcoin, both of which are among the top 100.

U.S. Department of Justice Files Third Antitrust Lawsuit Against Apple

In its third antitrust lawsuit against Apple in 14 years, the U.S. Department of Justice accuses Apple of anti-competitive practices, including blocking 'super' apps and cross-platform messaging, suppressing mobile cloud streaming, and restricting third-party digital wallets and smartwatches on its platform, intensifying legal scrutiny on the tech giant's market conduct.

U.S. Bond Market Shows Longest Record-Breaking Red Signals

The U.S. bond market's key recession indicator, the inversion of the 2-year and 10-year Treasury yield curves, has been signaling potential economic downturns for the longest duration in history since early July 2022, despite the absence of current growth decline signs in the U.S. economy.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.