Bitcoin Miners Under Fire: House GOP Leader Calls Out Biden Administration’s Alleged Overreach

Congressional Backlash Against Bitcoin Mining House Majority Whip Tom Emmer, known as the “Crypto King of Congress,” has accused the Biden administration of abusing its power to target Bitcoin miners. Emmer’s concerns stem from the approval of an emergency request by the Office of Management and Budget (OMB) for 82 Bitcoin mining firms to share…

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Bitcoin’s Stability: A Result of Spot ETFs

Samson Mow, a crypto project founder, believes that the recent stability in Bitcoin’s price can be attributed to the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States. Spot ETFs’ Impact on Bitcoin’s Price Mow argues that without the capital influx from spot Bitcoin ETFs, the cryptocurrency would have experienced a significant price…

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Crypto Titans Face Trouble: Binance and Coinbase Blocked in Nigeria’s Crypto Crackdown

Nigeria has intensified its scrutiny of major cryptocurrency exchanges, including Binance and Coinbase, to combat financial crimes associated with digital assets. The country’s telecommunications companies have been ordered to restrict access to these crypto firms’ websites following guidelines issued by the Central Bank of Nigeria (CBN). Binance and Coinbase Restrictions In December 2023, the Central…

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Warren and Brown’s Bill: A Threat to the Crypto Industry?

Chamber of Digital Commerce Raises Concerns The Chamber of Digital Commerce, a US-based crypto advocacy group, has accused Senators Elizabeth Warren and Sherrod Brown of attempting to destroy the entire cryptocurrency industry. The group argues that the lawmakers are leading an unprecedented attack on digital assets, particularly through Warren’s Digital Asset Anti-Money Laundering Act. Proposed…

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