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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
The recent surge in Bitcoin’s price to $53,000 has been followed by significant declines, causing high volatility in the cryptocurrency space. Despite these fluctuations, crypto analyst Michael van de Poppe remains optimistic about the future of Bitcoin. Poppe’s analysis highlights Bitcoin’s current position above $50,000 as a sign of strength. However, he warns that a
The current market perception of Ethereum seems to be a topic of controversy, with Fred Krueger, a crypto investor, stating that Ethereum is overvalued at its current spot rates. This sentiment from Krueger points towards a disconnect between Ethereum supporters and the reality of the market. The recent surge in Ethereum’s native currency breaking above
The concept of airdrops has been gaining popularity in the cryptocurrency space. It involves the free distribution of tokens or coins by blockchain projects to attract attention and bring in new users. Airdrops can take various forms such as tokens, coins, or NFTs (non-fungible tokens). The main goal of airdrops is to generate buzz and
Recent price action in the cryptocurrency market has led many analysts to believe that an altcoin season may be imminent. Crypto analyst Rekt Capital has suggested that Bitcoin is on the verge of a parabolic move post-halving, with only one last Pre-Halving retrace remaining. This anticipation of a significant price movement in Bitcoin could set
After the departure of former CEO Daniel Alegre, Greg Solano has taken the reins once again as the chief executive officer of Yuga Labs. In an announcement on X (formerly Twitter), Solano expressed his enthusiasm for leading the company and highlighted the ongoing development of the virtual game, Otherside. Despite facing delays, Solano is committed