Utah’s Bitcoin Strategic Reserve Race Over? Senate Passes Bill, But Makes Key Amendment
Utah’s State Senate has exited the Strategic Bitcoin Reserve (SBR) race after amending the proposed bill allowing the state treasury to invest in digital assets. The amended legislation is now headed to Utah Governor Spencer Cox’s desk to be signed into law. Related Reading: Coinbase Hiring Spree: 1,000 Jobs Incoming As Crypto Regulations Improve Utah […]
Shiba Inu Price Crash: Whales Drive SHIB Dump, Will Selling Continue?
Shiba Inu is reeling from a sharp price crash, with on-chain data pointing to massive selling by large holders (whales) as the culprit. Over the past week, SHIB’s market value has dropped significantly alongside the rest of the industry, erasing recent gains and testing key support levels. The exodus of Shiba Inu whales has not […]
Crypto Outflows Continue as US Investors Pull Back: $876M in One Week
CoinShares, a prominent European digital asset manager, earlier today released its latest report on cryptocurrency investment flows. The findings revealed that digital asset investment products experienced their fourth consecutive week of outflows, totaling $876 million. Despite the slowdown in outflows compared to previous weeks, CoinShares’ Head of Research, James Butterfill, noted that investor sentiment continues […]
Bitcoin Investors Extremely Fearful As BTC Kicks Week Off With 4% Drop
Data shows the sentiment among the Bitcoin traders has deteriorated into extreme fear as BTC has plunged to start the new week. Bitcoin Has Seen Another Setback To Kick Off Monday Bitcoin renewed optimism among investors last week as its price showed signs of recovery, but it would appear that the cryptocurrency has decided to […]
Recent SEC Guidance On Memecoins Suggests Broader Policy Change
The guidance may foreshadow a reappraisal of the Howey Test, which the SEC has recently used in its attempts to regulate cryptocurrencies through litigation, say Jason Mendro, Matt Gregory and Nick Harper, attorneys at Gibson Dunn.
Here’s How Much 1 Dogecoin Would Cost If It Hits The Market Cap Of Bitcoin
Dogecoin (DOGE), the number one meme coin, has since grown from an internet joke into a full-blown digital currency in the crypto space. Despite its rapid growth, the question remains: what would Dogecoin’s price be if it reached the market capitalization of Bitcoin (BTC), the world’s largest cryptocurrency? With Bitcoin dominating the space with its […]
Ether’s Freefall Below $1.9K Roils DeFi, Jeopardizes Crypto Loan Backed by $130M in ETH.
Falling ETH prices also threaten other DeFi loans, with potential liquidations that could further impact the token's price.
El Salvador Signs Crypto Regulation Agreement With Paraguay
El Salvador had previously entered an agreement with Argentina.
Bitcoin, Altcoins & Market Trends: What To Watch This Week
The Bitcoin and crypto market faces a week of pivotal events. #1 Bitcoin (BTC) All eyes are on Washington, D.C. as Bitcoin’s near-term trajectory may hinge on an event scheduled for March 11. Senator Cynthia Lummis, a vocal proponent of pro-Bitcoin and crypto legislation, is set to co-host the “Bitcoin for America” summit with the […]
U.S. SEC’s Acting Chair Walking Back Agency Proposal on Crypto Trading Platforms
The securities regulator's long-delayed rule expanding the scope of regulated exchanges shouldn't have tried to include crypto, Mark Uyeda argues.