Crypto bills may move forward in ‘lame duck’ Congress, says Rep. Hill
Representative French Hill says two crypto-regulating bills in the US might make some progress on Capitol Hill before the current Congress disbands.
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New Analysis: Every Bitcoin Holder Makes a Profit After 1,335 Days
According to new analysis, presented Sept. 8, the amount of time it is necessary to have held Bitcoin to make a profit is 1,335 days or roughly 3 years and 8 months. This roughly correlates to the four-year cycle length based on reward halving periods.Bitcoin Profit Probability chart. Source: BitcoinEconomics.ioProfiting from bitcoin is largely a…
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Banks still show interest in digital assets and DeFi amid market chaos
The cryptocurrency sector is the Wild Wild West in comparison to traditional finance, yet a number of banks are showing interest in digital assets and decentralized finance (DeFi). This year in particular has been notable for banks exploring digital assets. Most recently, JPMorgan demonstrated how DeFi can be used to improve cross-border transactions. This came shortly…
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Former Facebook Exec: BTC’s Price is Either Going to Zero or Seven Figures
In a recent discussion with Morgan Creek Digital Partner Anthony Pompliano, Social Capital CEO and former Facebook executive Chamath Palihapitiya asserted that the price of Bitcoin (BTC) will either reach “millions,” or go to “zero.”For Palihapitiya, the question of whether Bitcoin succeeds will be determined by whether the architects of the existing financial system continue…
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Ether ETFs start trading, preliminary inflow data revealed
Analyst Eric Balchunas says that initial inflows into the Ethereum ETFs accounted for roughly 50% of Bitcoin ETF inflows on day one.
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Iranians Still Profiting From Bitcoin Mining Despite Market Crash and US Sanctions
Iranians are turning to Bitcoin (BTC) mining due to economic difficulties caused by sanctions by the United States, International affairs think tank Atlantic Council reported Dec. 17.Despite the recent crash in crypto markets and fluctuations in the national rial currency caused by recently reinforced U.S. sanctions, Iranian people are still reportedly managing to gain profits…
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Bitcoin traders torn between breakout and $28K dip as BTC price stalls
Bitcoin (BTC) lingered below $31,000 at the July 3 Wall Street open with bulls still in need of a catalyst.BTC/USD 1-hour chart. Source: TradingViewBitcoin price: Sink or swim at $30,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a tight range following the weekly close.BTC price performance remained firmly sideways into the new…
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Why is Bitcoin price volatile today?
Bitcoin price whipsawed to $66,000 before recovering the top of its intraday range. Analysts explain why BTC is volatile today.
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Clampdown on crypto ads: A one-off or a new phase of global regulation?
Over the last week, regulators in three major jurisdictions across two continents introduced new rules governing cryptocurrency-related promotions and advertisements. Citing consumer risks associated with digital asset investments, authorities in the United Kingdom, Singapore and Spain tightened the requirements around crypto firms’ marketing messaging and customer recruitment practices. While some experts view this emerging trend…