Senator Lummis sends letter to Biden urging no veto for SAB 121 repeal
The Senator pointed to the troubling manner in which the Securities and Exchange Commission issued its controversial staff accounting bulletin.
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Bitcoin price hits $39K as Powell stirs bets Fed rate hikes are over
Bitcoin (BTC) hit $39,000 for the first time since mid-2022 on Dec. 1 as the United States Federal Reserve boosted hopes of policy easing.BTC/USD 1-hour chart. Source: TradingViewPowell: Calling end to hikes would be “premature”Data from Cointelegraph Markets Pro and TradingView confirmed a new 19-month BTC price high of $39,000 on Bitstamp.Bitcoin bulls, already in

IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers
The U.S. tax service has used the same tactic to gain information from Circle, Coinbase and Kraken in recent years, as analysis finds that half of taxes on crypto go unpaid. 198 Total views 11 Total shares The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue…

Bitcoin Price Falls Under $9.5K as Keiser Gives Ethereum $90 Target
Bitcoin (BTC) price fell below $9,500 on Aug. 29 as the largest cryptocurrency’s sudden bearish move continued to bite. Market visualization. Source: Coin360Bitcoin price must finish week above $9,533Data from Coin360 painted a gloomy picture for day traders Thursday, BTC/USD having lost 8% in the past 24 hours. The turbulence began late on Wednesday, Bitcoin markets shedding…

EU Parliament research recommends non-EU nations tighten crypto regulation
Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the author of the report. 522 Total views 9 Total shares The European Parliamentary Research Service (EPRS) highlighted the need for tighter oversight from non-European Union regulators to ensure greater stability and development in the global

Why Did Bitcoin Price Drop Below $9,000? A Pivotal Weekend Ahead
Bitcoin price (BTC) fell 5% today to a new weekly low at $8,660, a point which is also below the 200-day moving average which has been acting as support since reclaiming it in the final week of October.Almost all other crypto-assets have also suffered a valuation loss against the U.S. dollar, but there has been…

Why is Cardano (ADA) price up today?
ADA price is up today as investors show excitement over Cardano’s upcoming hard fork.

MIT Digital Currency Initiative introduces at-scale, programmable CBDC platform
PARSEC (Parallelized Architecture for Scalably Executing Smart Contracts) runs on the ERC-20 standard, so it could have other applications too. 137 Total views 1 Total shares The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) has introduced the experimental Parallelized Architecture for Scalably Executing Smart Contracts (PARSEC) platform. The platform is open-source and developed…

Daily Traded Volume on Huobi’s Crypto Derivatives Platform Breaks $1 Billion
Daily traded volume of cryptocurrency contracts on the Huobi Derivatives Market (DM) has broken past $1 billion, according to a press release shared with Cointelegraph on Dec. 27.Huobi Global — which operates the world’s third-largest largest crypto spot market trading platform — launched Huobi DM last month. The new platform allows traders to trade Bitcoin…