Binance, the world’s largest cryptocurrency exchange, is trying to get the US government to ease up on its regulatory scrutiny. Meeting with Treasury Officials In March, top Binance executives, including CEO Richard Teng and Chief Legal Officer Eleanor Hughes, met with officials from the US Treasury Department. Their goal? To get rid of one of…
CZ Calls Out the Wall Street Journal Changpeng Zhao (“CZ”), Binance’s co-founder, has slammed a Wall Street Journal (WSJ) article claiming he agreed to testify against Justin Sun, founder of TRON, as part of a plea deal with the US Department of Justice (DOJ). CZ called the article a “baseless hit piece,” suggesting it was…
US-based Bitcoin ETFs (exchange-traded funds) are bleeding money. A trade war between the US and China is making investors nervous, and they’re pulling their money out of risky investments like crypto. Seven Days of Red Last week was brutal for Bitcoin ETFs. A whopping $713 million flowed out of these funds. This was the seventh…
A New York lawmaker, Clyde Vanel, wants to let you pay your taxes and other government fees using cryptocurrency. He’s proposed a bill that would allow state agencies to accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Crypto Payments for Government Fees The bill, A7788, would change New York state’s finance law…
Bitcoin’s price has been on the rise lately, climbing back above $86,000 after a recent surge. This follows a period of growth, with Bitcoin gaining over 15% since dipping to around $74,000. But is this just a temporary blip, or the start of a bigger bull run? One analyst thinks we might be seeing early…
A popular crypto analyst, Rekt Capital, is predicting a potential Bitcoin (BTC) price surge. Their analysis suggests Bitcoin is showing signs of a bullish reversal. Bullish Signals Rekt Capital, who boasts a large following on X (formerly Twitter), points to several technical indicators suggesting a positive shift. Key among these is a bullish divergence in…
Tom Lee, head of research at Fundstrat, believes easing US-China trade tensions could trigger a major stock market upswing. A De-escalation Could Change Everything In a recent CNBC interview, Lee argued that progress in tariff negotiations would significantly reduce recession fears. He noted that markets are currently pricing in a high probability of a recession,…
Larry Fink, CEO of BlackRock, the world’s largest asset manager, recently shared his take on the current economic climate. While acknowledging market uncertainty and potential recession, he remains bullish on long-term trends. Mega Trends Remain Intact Fink highlighted several key “mega trends” that he believes will continue to shape the financial world, even with potential…
A cryptocurrency analyst who correctly predicted Bitcoin’s drop below $80,000 is optimistic about its future. They believe Bitcoin’s upward trend will continue as long as it stays above a crucial price point. Bitcoin’s Bullish Pattern The analyst, known as Cheds, shared their analysis with over 49,000 YouTube followers. They pointed to a “W pattern” on…
Bitcoin recently shot up past $85,000, a pretty impressive jump! This happened after some positive news about US tariffs, which generally calmed investors’ nerves and boosted the crypto market. Bitcoin’s price went up over 15% – a significant short-term gain. Traders seem more confident, but there’s a catch. The Leverage Problem The problem? This rally…
