Bitcoin tumbles will be ‘less abrupt’ after realized profit drops 76%

December 9, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Bitcoin’s daily realized profit metric has fallen 76% after the initial hype about $100,000 Bitcoin began to wane off, according to crypto analysts.

The emergence of blockchain technology has piqued the interest of a number of different sectors across global society. From finance, politics, economics, automotive and technology, blockchain is starting to take root. It is now being seen that communications could be the latest sector to benefit from this technological revolution. There has been a predictive report…

Crypto remittances see adoption, but volatility may be a deal breaker

Cryptocurrency adoption has been growing for a number of reasons. In emerging markets, research suggests crypto remittances are a factor, although some argue that the idea of using cryptocurrencies for these transactions is nothing more than a purist’s dream.The CEO of cryptocurrency derivatives trading platform BitMEX, Alexander Höptner, predicted earlier this month that by the…

US Legislators Reintroduce Token Taxonomy Act to Exclude Crypto From Securities Laws

Representatives in the United States House of Representatives have reintroduced the Token Taxonomy Act, according to a press release shared with Cointelegraph on April 9. The bill would exclude cryptocurrency from being classified as a security.The bill was initially proposed last December by Reps. Warren Davidson (R) and Darren Soto (D), and seeks to exclude…

Congress repealed the IRS broker rule, but can it regulate DeFi?

The decentralized finance (DeFi) industry is breathing a sigh of relief as Congress relaxes reporting obligations, but questions remain about how lawmakers will regulate DeFi. On March 12, the House of Representatives voted to nullify a rule that required DeFi protocols to report gross proceeds from crypto sales, as well as info on taxpayers involved

Up Network and DreamSmart launch world’s first Web3 AI glasses

The glasses aim to provide a faster online user experience via AI agents and extended reality features, which may usher in a “post-smartphone era.”

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$590M Silk Road Bitcoin sale unlikely, BTC bull rally far from over, and more: Hodler’s Digest Aug 11 – 17

US gov’t won’t sell $590M Bitcoin on Coinbase. Does Harris plan to continue Biden’s crypto crackdown? Hodler’s Digest

Libra replaces general counsel Robert Werner after 3 months

Former U.S. Homeland Security Department general counsel, Stevan Bunnel, has been appointed as Libra's top lawyer. Stevan Bunnel, former general counsel for the U.S. Department of Homeland Security (DHS), has been revealed as the Libra Association’s new leading lawyer.Since leaving the Homeland Security Department in 2017, Bunnell co-chaired the data privacy-focused legal practice O’Melveny &…

US SEC Chair: BTC Won’t Be on Major Exchanges Without More Regulation

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton said that for Bitcoin (BTC) to be traded on a major exchange it needs stronger regulation.Consider the NasdaqCNBC reported on Sept. 19 that Clayton made his remarks earlier today at the Delivering Alpha conference, where he also warned investors to be wary until Bitcoin is…

DeFi token CRV spikes after reports PayPal acquired unrelated custody firm Curv

Curve Finance is up nearly 30% in 24 hours after traders rallied into the wrong market in response to news that PayPal may have acquired the crypto custodian, Curv. 3053 Total views 20 Total shares Excitable speculators mistakenly rushed to invest in the native token of decentralized finance protocol Curve Finance (CRV) after reports emerged…

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