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Kraken, a prominent cryptocurrency exchange, found itself in the midst of a legal battle with the US Securities and Exchange Commission (SEC). The charges brought against Kraken were seen as a direct result of the firm’s vocal advocacy for regulatory boundaries within the digital asset industry. The SEC alleged that Kraken had been operating unlawfully
Following the launch of spot Bitcoin Exchange-Traded Funds (ETFs) by major players such as BlackRock and Fidelity, the response of Bitcoin’s price has been relatively subdued. Despite significant net inflows of $5.278 billion into Bitcoin ETFs within a short period, the price of BTC has only appreciated by 4.3% from $49,040 to $51,000. This lackluster
The warning issued by House Majority Whip Tom Emmer on Feb. 22 highlighted a concerning development for Bitcoin mining firms under the Biden administration. Emmer’s letter to the Office of Management and Budget (OMB) raised alarm about the approval and expedited implementation of a new information collection regime by the Energy Information Administration (EIA) targeted
South Africa has recently unveiled plans to integrate digital payments and cryptocurrencies into its financial system with the aim of boosting the economy, particularly for marginalized groups. This announcement, which was made as part of the country’s 2024 budget, underscores the government’s commitment to building a digital economy through collaborative efforts between the public and
Bitcoin enthusiasts are closely monitoring the price movements of Bitcoin as it approaches the $52,000 mark. However, beyond the surface level, there is a complex interplay of buy and sell orders within a critical 2% market depth that is often overlooked. This deeper examination into the liquidity of Bitcoin reveals the shifting sands beneath the
Binance recently expanded its margin trading options by adding several new pairs and borrowable assets. Among the new cross-margin pairs are ADA/USDC, AVAX/USDC, MATIC/USDC, and XRP/USDC, while new isolated margin pairs include ACM/USDT, AVAX/USDC, FIO/USDT, IQ/USDT, NEXO/USDT, and QKC/USDT. Additionally, Binance introduced AC Milan Fan Token (ACM), FIO Protocol (FIO), and IQ (IQ) as new
Michael Saylor, the co-founder and executive chairman of MicroStrategy, has made it clear that he has no intentions of selling his or his company’s Bitcoin holdings. Despite the significant unrealized profit of approximately $4 billion, Saylor views Bitcoin as the ultimate exit strategy and the strongest asset in the market. He firmly believes that Bitcoin,
The recent on-chain data from Spot On Chain has revealed that an Ethereum whale has been actively accumulating ETH. The whale address in question has purchased a total of 64,501 ETH in the past three days, which amounts to approximately $187 million at current market prices. This significant accumulation activity has sparked interest and speculation