Multiple politicians have thrown their support behind 62-year-old Republican Representative Tom Emmer’s bid for the position of House Speaker. Emmer has previously expressed support for cryptocurrencies. After the first round of voting on October 17, Representative Patrick McHenry has continued to serve in the role on an interim basis. Speaker
This week witnessed a significant increase in the price of bitcoin, with an increase of over 11% taking it to about $30,000. Santiment, a blockchain analytics company, claims that the growing buildup of stablecoins like USDT, USDC, and BUSD likely contributed to this Bitcoin price spike. There was a significant
The crypto market has faced a challenging year so far, with bearish trends dominating the charts. Enthusiasts and traders awaited an overall green chart in the market, and today marked an eventful shift as the bulls took control, pushing Bitcoin to the $30,000 mark and ushering in double-digit surges for
Bitcoin, the largest cryptocurrency by market capitalization, is currently experiencing bullish momentum. This uptrend was initially sparked by fake news that went viral, claiming an unverified approval of BlackRock’s iShares spot Bitcoin exchange-traded fund (ETF) by a popular news platform. As a result of this misinformation, it made a momentary
Elon Musk’s Tesla maintained its Bitcoin holdings, according to the company’s quarterly financial report posted yesterday. At the present pricing, Tesla’s 9,720 Bitcoins are worth more than $275 million. Tesla has not modified its Bitcoin holdings during the previous several quarters. Investors have been on edge as they try to
The FDIC’s Office of the Inspector General published an evaluation on the FDIC’s crypto risk strategy. Two suggestions were submitted to the FDIC by the Office of the Inspector General, one of which was a method for monitoring crypto activity at regulated institutions. A news release states that the OIG
The pursuit for a Spot Bitcoin ETF has been a focal point of the crypto sector for the better part of 2023. The market was taken aback when conventional financial giants revealed their intentions by applying with the U.S SEC. Mike Novogratz, CEO of Galaxy Digital Holdings, has predicted that
The rising prevalence of crypto-related frauds over the last several years has understandably scared off several investors. Meanwhile, on Wednesday the 18th of October, authorities in Navi Mumbai exposed and shut down a major crypto fraud. Located in the Indian state of Maharashtra, Navi Mumbai is a city that borders
The crypto community witnessed the official adoption by European Union finance ministers of new guidelines allowing for the sharing of information between tax agencies about individuals’ crypto holdings. The paper will be published in the Official Journal of the European Union and will become effective 20 days later. EU member
The SEC decided last Friday not to challenge a recent setback in the D.C. Circuit Court of Appeals. Grayscale Investments wanted to turn the Grayscale Bitcoin Trust (GBTC) into an ETF, but the SEC denied their application. Since the SEC did not appeal the decision, the court will overturn the
