US Senate Banking Committee chair says crypto framework will be a priority
With a Republican majority having taken control of the US Senate in January, Tim Scott said the Banking Committee would have an “open-minded environment” for digital assets.
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Bitcoin price can only go up if $30K accumulation ‘reset’ continues — research
Bitcoin (BTC) is seeing a “reset” in investor behavior at $30,000 and the trend need only continue to spark a price rise.According to on-chain monitoring resource Ecoinometrics on July 13, the only way is “up” for BTC/USD if hodlers continue accumulating coins."Intriguing" data points to fresh demandAnalyzing who bought coins since the start of the…

Bittrex and Poloniex Targeted in Class-Action Crypto Manipulation Suit
Bittrex and Poloniex have become embroiled in a class-action lawsuit that alleges USDT created out of thin air drove the 2017 bull run. 1140 Total views 27 Total shares The plaintiffs behind a class-action alleging that Bittrex and Tether drove the 2017 bull run through market manipulation have requested the issuance of summons to exchanges…

Gartner: Blockchain Tech Used by Enterprises at Risk of Becoming Obsolete Within 18 Months
Research firm Gartner has warned that 90% of the blockchain technology used by enterprises will need to be replaced within the next 18 months, tech site ITPro reported on June 3.The company’s senior research director, Adrian Lee, said the industry’s fragmented nature means the technology implemented by some companies is at risk of becoming obsolete or insecure by…

Turkey’s crypto law is ready for parliament, President Erdoğan confirms
Once implemented, the crypto law will implement a new economic model that can potentially help recover the lira's falling value. 2783 Total views 12 Total shares Turkey's President Recep Tayyip Erdoğan has reportedly confirmed the completion of a crypto law draft that will soon be shared with the Parliament for mainstream implementation in the country.In…

Bitcoin clings to $20K as analysts warn of a long, bumpy ride for the foreseeable future
BTC price briefly fell below $20,000 and traders warn that the all-important support level could eventually crumble after enduring an increasing number of retests. 321 Total views 4 Total shares Bullish cryptocurrency traders hoping that the market was on a path higher received a dose of reality on June 29 as the price of Bitcoin…

Crypto, Congress and the Commission: What’s next for the ‘Wild West’?
The entire cryptocurrency industry is waking up to a new reality. Politicians and regulators have decided to wade into the space, which had flown mainly under their radar until now. A House committee chair is launching a working group; the Securities and Exchange Commission is seeking new authorities to regulate digital assets as securities; and…

Russian gov’t and central bank agree to treat Bitcoin as currency
Cryptocurrency transactions of more than 600,000 rubles (roughly $8,000) will have to be declared or be considered a criminal act. 1356 Total views 18 Total shares The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement.Russia's government and central bank are now working on…

YouTube’s sleazy decline into scam promotion
Last weekend, I was watching a sports stream on YouTube. Talented, fearless athletes on the screen, a glass of wine in one hand and a purring cat under the other — you know, those perfect Saturday evenings. If only the stream didn’t keep being interrupted every few minutes by annoying ads. They usually come in…