Lawmakers are calling for a change in how the SEC regulates Bitcoin custody, saying it’s time for banks to get involved. A group of US lawmakers, including some big names in the crypto world, are pushing the Securities and Exchange Commission (SEC) to loosen its grip on Bitcoin custody. They’re saying the current rules are…
Mark Cuban, the billionaire entrepreneur and investor, is calling for a change in leadership at the Securities and Exchange Commission (SEC). He’s publicly criticizing current SEC Chair Gary Gensler, saying he’s a “blight” on the tech scene and would be happy to see him replaced. Cuban’s Frustration with Gensler’s Approach Cuban’s frustration stems from Gensler’s…
A crypto analyst known for accurate altcoin predictions believes that Near (NEAR), a competitor to Ethereum, is poised for a major price surge. NEAR Following Sui’s Explosive Rally The analyst, known as Bluntz, shared his analysis on X, a social media platform, pointing out that NEAR has broken through a key resistance level on its…
Bitcoin (BTC) is showing signs of a potential bullish breakout, according to veteran trader John Bollinger, creator of the popular Bollinger Bands technical indicator. Bollinger, who has a massive following on social media, believes Bitcoin is forming two bullish patterns on the weekly chart. He suggests that if Bitcoin can break through the $65,000 resistance…
BitMEX founder Arthur Hayes thinks the upcoming US presidential election won’t have much impact on the crypto world. He’s not buying into the pro-crypto talk from Republican candidate Donald Trump. Trump’s Crypto Promises: All Talk, No Action? Hayes is skeptical of Trump’s sudden interest in crypto. “He was president for four years and did nothing…
The Solana-based decentralized exchange (DEX) Mango Markets has agreed to pay a $500,000 settlement to the U.S. Commodity Futures Trading Commission (CFTC). What Happened? The CFTC launched an investigation into Mango Markets after a trader named Avraham Eisenberg exploited the platform for $110 million worth of crypto in 2022. Mango Markets’ decentralized autonomous organization (DAO)…
Ethereum spot ETFs had a rough start to the week, but things took a turn for the better on Tuesday. A Week of Outflows Last week, Ethereum ETFs saw their sixth straight week of investors pulling out money. This continued a trend that started in September, with investors not being impressed with the performance of…
Caroline Ellison, the former CEO of Alameda Research and a key witness in the FTX fraud case, was sentenced to two years in prison. This comes after her ex-partner, Sam Bankman-Fried (SBF), was found guilty and sentenced to 25 years. A Harsh Sentence for Cooperation Ellison’s sentence was harsher than what the probation department recommended….
China’s recent economic moves are causing a buzz in the financial world, and experts believe it could soon impact the crypto market. While stocks have already seen a boost from China’s policies, crypto hasn’t quite caught up yet. But analysts at QCP Capital think that’s about to change. A Crypto Surge on the Horizon? QCP…
China’s central bank just injected a big chunk of cash into the economy, and some experts think it could be good news for Bitcoin. A Little Bit of Context China’s central bank, the PBOC, cut interest rates, making it cheaper for businesses and individuals to borrow money. This is similar to what the US Federal…
