The next two weeks are critical for the crypto industry as the US Congress considers several key legislative proposals that could shape the regulatory landscape for digital assets. Repeal of SAB 121 The Senate is expected to vote this week on repealing Staff Accounting Bulletin No. 121 (SAB 121), which requires financial institutions to list…
Wisconsin Invests $99M in BlackRock’s Bitcoin ETF Institutional investors and US states are showing increased interest in Bitcoin exchange-traded funds (ETFs) after the SEC’s approval in January. Wisconsin’s investment board has invested approximately $100 million in BlackRock’s iShares Bitcoin Trust ETF. Growing Interest from US States New Hampshire State Representative Keith Ammon has proposed diversifying…
Official Organization for Circulating Supply Data The Terra community is working hard to bring back the glory days of LUNC and USTC. They’ve proposed making Allnodes the official organization responsible for tracking and providing accurate circulating supply data for LUNC. Why Allnodes? Allnodes will ensure that the data is: Well-documented Correct Calculated using an agreed-upon…
Risks to National Security President Biden has ordered the shutdown of a Chinese-owned crypto mining facility near a key Air Force base in Wyoming. The mine was located just a mile from the F.E. Warren Air Force Base, which controls nuclear missiles. Microsoft had raised concerns that the mine’s proximity to military installations and a…
A renowned crypto analyst, known as The Crypto Dog, has identified two Ethereum (ETH) competitors that he believes will surge ahead of the market when conditions improve. Near (NEAR) The analyst is bullish on NEAR, noting its strong performance during the current market cycle. He recommends holding NEAR for the long term, as it is…
Ripple Labs CEO Brad Garlinghouse believes the US government may target Tether, the largest stablecoin by market capitalization. In a recent interview, he suggested that Tether could be the next “black swan event” for the crypto industry. Tether CEO Responds Tether CEO Paolo Ardoino dismissed Garlinghouse’s comments, calling him “uninformed” and accusing him of spreading…
Dave the Wave, a trader who predicted the 2021 market crash, believes Bitcoin’s (BTC) low may have already occurred. Historical Patterns Dave the Wave analyzed Bitcoin’s monthly Moving Average Convergence Divergence (MACD) indicator, which has slightly contracted. This usually indicates a temporary slowdown in the bullish trend. However, the analyst believes this signal doesn’t suggest…
A leading crypto analyst believes Bitcoin (BTC) is poised for a bullish reversal after a post-halving correction. Exit from ‘Danger Zone’ According to the analyst, known as Rekt Capital, Bitcoin has officially exited the post-halving “danger zone” on the weekly chart. This period, where Bitcoin typically experiences a dip, has historically preceded significant price increases….
The Commodity Futures Trading Commission (CFTC) has penalized Falcon Labs, a Seychelles-based crypto brokerage firm, for operating as an unregistered futures commission merchant (FCM) in the US. Unregistered Activities From October 2021 to March 2023, Falcon Labs facilitated US customers’ access to digital asset derivatives trading platforms without registering with the CFTC. As an intermediary,…
Stablecoin exchange inflows have taken a nosedive, and that’s not good news for Bitcoin. Ethereum-Based Stablecoins: Low Exchange Deposits CryptoQuant’s Axel Adler Jr. noticed that Ethereum-based stablecoins are seeing fewer exchange deposits than usual. Exchange inflows track how much of a cryptocurrency is being sent to exchanges. When inflows are high, it means people are…
