Bitcoin’s Price Eyes Consolidation After 11% Decline

House Financial Services Committee Chair Maxine Waters (D-Calif.) has made an overture to regulators in an attempt to secure the passage of a crypto-focused bill that would offer U.S.-based digital asset exchanges a path toward registering with the U.S. Securities and Exchange Commission (SEC),The letter to SEC Chairman Gary Gensler, dated June 23, asks him…

“As of March 27, 2023, Kraken clients will no longer be able to use ACH deposits and withdrawals through Silvergate,” the company told CoinDesk in an email. “We are working to make ACH funding options available through alternative funding providers as soon as possible and will communicate details with clients as soon as we can.”

markets Exhale. The nightmare of the 2018 cryptocurrency market is finally over. Of course, more downside is always possible, if not likely, but at least the year in which bitcoin prices dropped more than 80 percent and the broarder market lost nearly $700 billion of total capitalization is over. By now, you’re probably well aware…

For some, like Vesta Finance, the airdrop provided a multimillion-dollar stimulus: The project was eligible for 2.7 million arb tokens, worth just under $6 million, despite holding only $3 million in its treasury. This can allow the project to, over time, sell the tokens to bolster its own development or even provide token incentives to…

Jul 3, 2020 at 15:14 UTCUpdated Jul 3, 2020 at 15:22 UTCLaurel and Hardy, "The Flying Deuces," 1939. (Wikipedia)Money Reimagined: Bitcoin and Ethereum Are a DeFi Double ActTensions between the Bitcoin and Ethereum tribes have been stirred by a trend that outsiders might see as a sign of harmony.  Throughout June, the amount of tokenized…

news After revealing that his payments firm Square is building a small team to help with bitcoin and cryptocurrency development back in March, CEO Jack Dorsey has revealed more details about the project – even though it’s still early days. In an interview with The Next Web, Dorsey, who is also CEO of Twitter, confirmed…

Mining stocks have underperformed bitcoin this year.The CEOs of these companies remain upbeat ahead of the halving citing stronger balance sheets, the report said.Some CEOs noted the potential for consolidation in the sector, Bernstein said.Bitcoin (BTC) miners may have underperformed the cryptocurrency this year, but their CEOs remain upbeat as the reward halving approaches, broker

news Bitmain Technologies has announced a new 7-nanometer bitcoin mining processor that it says offers new levels of energy efficiency. The new ASIC (application-specific integrated circuit), called the BM1397, is said to provide improvements in performance, chip size and energy efficiency for mining proof-of-work cryptocurrencies based on the SHA256 algorithm, such as bitcoin (BTC) and…

Trading of certain crypto assets on a secondary market, such as Coinbase, are securities transactions, a U.S. court ruled on Friday.The court took this critical position in a default judgment against Sameer Ramani, one of three accused in the insider trading case.In an insider trading case involving Coinbase’s former product manager Ishan Wahi, his brother