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Category Archives: Business

Panama City joins global move to allow crypto payments in public sector

Local law allows payment for taxes, tickets, and permits. City partners with banks to convert crypto to fiat. Panama bypasses national legislation through local ordinance. Panama City is set to become one of the first Latin American capitals to formally integrate crypto payments into its

Colorado receives fewer than 80 crypto tax payments in three years

PayPal converts crypto into US dollars before funds reach the state. Bitcoin’s rising value discourages users from spending it on taxes. Stablecoins may become the preferred method for future payments. Since 2022, the State of Colorado has collected over $11 billion in income tax. Yet

Crypto market sheds $633.5B in Q1 2025 as Trump rally momentum fades

Bitcoin’s market share rose to 59.1% despite falling 11.8%. Ethereum’s 2024 gains wiped out in Q1 2025. DeFi TVL fell 27.5% across multichain platforms. The global cryptocurrency market started 2025 with optimism, fuelled by expectations of favourable policy shifts under Donald Trump’s presidency and a

Why Bitcoin ETFs are seeing outflows even as BTC price recovers

$812M has left Bitcoin ETFs in April despite Bitcoin price recovery post‑tariff pause. Institutions are shifting to bonds and AI/tech funds amid risk‑off sentiment. Regulatory delays and media FUD also fuel cautious ETF positioning. Bitcoin ETFs have registered significant fund withdrawals even as spot Bitcoin

Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

Bitcoin surged past $87,700, fueled by a weakening US dollar and potential US Treasury buybacks. Arthur Hayes predicts Treasury buybacks could be a “bazooka,” pushing BTC past $100K (“last chance” below). Weak dollar (lowest since March 2022) and rising gold correlation support Bitcoin’s appeal. Bitcoin’s

BTC nears resistance zone as analysts flag potential pullback to $76,600

Key resistance zone flagged between $86,549 and $88,244. MicroStrategy buys 6,556 BTC worth $555.8 million. $90,000 is seen as a psychological and technical barrier. Bitcoin has surged back to near $89,000, inching closer to its all-time high and setting the stage for what could be

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