Donald Trump picks crypto-friendly JD Vance as running mate
The Ohio senator reported holding up to $250,000 worth of Bitcoin in 2022 and has supported specific pro-crypto legislation.
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Texas, Vermont regulators object to Celsius stablecoin sale plan
A key concern is that the firm hasn’t explicitly outlined what it will do with the stablecoin sale proceeds. 270 Total views 7 Total shares State regulators from Texas and Vermont have filed a motion objecting to embattled crypto lender Celsius’ plans to sell off its stablecoin holdings. Separate motions from both regulators filed on Sept.…
Bitcoin price briefly loses $20K on ‘bunch of nothing’ Powell speech
Bitcoin (BTC) analysts were keen to draw fresh price targets on Aug. 27 after the largest cryptocurrency briefly fell below $20,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSub-$20,000 BTC price targets stay in placeData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,945 on Bitstamp the night after hawkish comments from the United States Federal Reserve. Intraday…
Trust is still a must in the trustless world of cryptocurrency
As established by Satoshi Nakamoto's Bitcoin (BTC) whitepaper, the core of cryptocurrency is a peer-to-peer electronic cash system that eliminates the need for intermediaries like banks. This spirited independence and scoffing at the hand-holding of traditional banking systems is pervasive across the cryptosphere.Yet, when mass adoption is the goal, some hand-holding becomes necessary in order…
Foin Token Scheme Locks Up Investors’ Money and Pumps Price
On Dec. 15, news broke that cryptocurrency payments firm and wallet provider FoPay had acquired Estonia-based digital currency trading platform AliExchange for 1 million of its native Foin (FOIN) tokens. If one were to go by Foin’s apparent value at the time, that would make the deal worth roughly $2.1 billion. Indeed, FoPay claimed as…
Senators slam bank execs for blaming collapses on crypto, pocketing millions
A former Signature Bank executive has been slammed for seemingly trying to place the blame for his bank’s collapse on crypto while purportedly being able to pocket millions in bonuses and stock options. During a Senate Banking Committee hearing on May 16, United States Senator Cynthia Lummis lashed out at Scott Shay, the former chairman of…
EU crypto sanctions against Russia has an unexpected enforcer
The Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia. 230 Total views 2 Total shares The Monetary Exchange of Singapore (MAS), the country’s central bank and financial regulator, reminded all authorized cryptocurrency exchanges in the country to comply with financial sanctions in place toward Russia. This statement…
Bitcoin at ‘perfect’ macro setup, but dip below $58K risks $500M in liquidations
Bitcoin could gain significant traction from the growing M2 money supply, but a correction below $58,000 is still on the table before more upside.
Sam Bankman-Fried trial moves to final stages
The trial of Sam Bankman-Fried is reaching a conclusion, with the prosecution set to rest its case on Oct. 26. 423 Total views 3 Total shares Sam Bankman-Fried’s trial is reaching its final stages over the next few days, with the prosecution scheduled to rest their case on Oct. 26 following the examination of almost