Is Bitcoin price bouncing at 57K? Here's why these levels are key

"You can buy gold, diamond, crypto, but that will have not have the value authorization by government," said T.V. Somanathan. 132 Total views 23 Total shares T.V. Somanathan, the finance secretary for the Indian government, is reportedly pushing back against the narrative cryptocurrencies will be widely accepted in the country — by dismissing the possibility…

Senate looks at tech and innovation, including CBDC development, as critical area within rising tensions with China. 1541 Total views 1 Total shares On July 22, the Senate Banking Committee’s Subcommittee on Economic Policy held a hearing on the role of innovation in the rising comToday’s hearing comes on the heels of a Department of…

The stakes are high for the chain to transition, as those that don't risk getting 'left behind.' 1913 Total views 8 Total shares At a conference yesterday, Ethereum co-founder and unofficial figurehead Vitalik Buterin argued that Ethereum’s upcoming transition to a proof-of-stake consensus mechanism is a “solution” to the blockchain’s rampant energy consumption that has…

El Salvador’s Banco Central de Reserva has released two documents detailing how banks should deal with Bitcoin. 83 Total views 116 Total shares The central bank of El Salvador, Banco Central de Reserva (BCR), has published draft regulations on how banks should handle Bitcoin.Two documents were released for consultation on Aug. 17 instructing banks and…

Debt ceiling uncertainty erodes trust in the dollar, the DOJ announces the National Cryptocurrency Enforcement Team and the SEC investigates Circle. 807 Total views 25 Total shares There is nothing surprising about Senator Cynthia Lummis, a Wyoming Republican known to be among the staunchest crypto supporters in the U.S. legislature, revealing a sizable Bitcoin (BTC) purchase…

Since the start of 2019, the crypto market has been on the receiving end of an insane amount of financial volatility. For example, in January, the total market capitalization of this burgeoning sector was around $130 billion. However, by July, the market at large had witnessed an influx of bullish momentum that pushed the total capitalization…

Top Stories This Week Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees Sam Bankman-Fried (SBF) is seeking to use FTX’s corporate insurance policies to cover his legal expenses, according to a court filing on March 15. As per the filing, the policies provide “priority of payment” to insured individuals such as Bankman-Fried. The…

On June 18, Brazil’s National Bank for Economic and Social Development (BNDES) announced the election of Finance Director José Flavio Ferreira Ramos as its interim president. Ramos will serve as the BNDES head until the inauguration of 38-year-old Gustavo Henrique Moreira Montezano, a former economist and the current deputy secretary of privatization and disinvestment. Montezano’s appointment followed…