Direct exchanges between U.S. lawmakers and the crypto industry could be finally taking a constructive turn. The biggest regulatory story of the week was a United States House Committee on Financial Services hearing squarely focused on crypto. Even the event’s title — “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of…
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BTC price slumped to an intraday low at $45,672 and analysts say a classic technical analysis pattern and on-chain data point toward a strong flush down to $40,000. On Monday, Bitcoin’s short-term outlook worsened after the price fell to an intra-day low at $45,672, a far cry from the weekend’s promising rally above the $50,000…
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BTC, altcoins and stocks sharply sold-off as pressure builds ahead of this week’s FOMC meeting and the possibility that the Fed will taper its easy-money policies. Bitcoin (BTC) bulls are once again on the defensive foot after the breakout momentum that put the price above $50,000 on the weekend evaporated and pulled the price under…
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Mutual funds in Russia will not be allowed to provide crypto exposure to qualified or unqualified investors. The Russian central bank continues its strict policies regarding the cryptocurrency industry, now officially banning mutual funds from investing in cryptocurrencies like Bitcoin (BTC). On Monday, the Bank of Russia published an official statement on regulating investment opportunities…
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Nigerian blockchain and cryptocurrency experts have suggested that many prospective users will only consider adopting the e-naira once the central bank has done enough to make the CBDC (central bank digital currency) an attractive option to use. E-Naira Still Unattractive to Users Some Nigerian experts have expressed doubts about claims by the Central Bank of…
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The trading app will adopt Chainalysis’ monitoring compliance solution Know Your Transaction as well as the Chainalysis Reactor, its investigations software. Blockchain analytics firm Chainalysis will be partnering with Robinhood to provide data and tools for trading in advance of the app launching its crypto wallet. In a Monday announcement, Chainalysis said the integrated partnership…
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The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization of the Russian financial sector, the regulator reiterates its concerns over the risks associated with cryptocurrencies and insists that state-issued digital currencies are safer.
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Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major Korean Exchanges A growing number of officials in Seoul are vacating their…
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ZK-rollups become the latest trending solution for scalability on the Ethereum network as developers strive to increase throughput capabilities while decreases transaction costs. Scalability on the Ethereum (ETH) network has been a point of contention within the cryptocurrency ecosystem for years, primarily due to high fees and network congestion during periods of peak demand. The…
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A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and has already won some of the cases. Power Utility Goes After Crypto Miners Using Subsidized Electricity to Mint Digital Coins Irkutskenergosbyt, a power…
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