Two key Bitcoin price metrics signal that whales bought the dip to $42,000, a hint that BTC may be gearing up for a new all-time high by mid-June. As Bitcoin (BTC) tested the $43,000 support for the third consecutive day, whales bought the dip on derivatives exchanges. While there has been no significant price change,…
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The former Department of Justice trial attorney has been with the New York State Department of Financial Services for eight years. Debra Brookes’ new role with the New York State Department of Financial Services may suggest more of a focus on regulation through enforcement. An attorney who has been working at New York’s Department of…
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The firm said clearing the regulatory hurdle had the potential to drive more institutional investors towards crypto custody solutions. Financial regulators in the U.K. have approved Digivault, the security token custody arm of digital assets group Diginex, to register as a custodian wallet provider. In an announcement from Diginex today, the firm said the Financial…
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The price of Bitcoin and Ether both fell between 3% and 5% as the report spread across social media. Major cryptocurrency exchange Binance is reportedly under investigation by both the United States Department of Justice and Internal Revenue Service in an apparent effort to stymie illegal trading activity from users in the United States. According…
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Governor Greg Abbott has already hinted he is open to signing the bill into law. Members of the Texas House of Representatives have passed a bill which aims to recognize cryptocurrencies under commercial law in the state. In a session of the 87th Texas Legislature today, lawmakers passed a proposed amendment to the state’s Uniform…
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A difficult-to-enforce ban may actually be part of a larger sanctions-avoidance strategy. In a broader effort to circumvent the effects of sanctions, Iran may be attempting one of the first instances of digital currency protectionism. According to a Tweet from news outlet Iran International, The Central Bank of Iran announced a decision from the Cabinet…
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The commission said it was “appropriate to designate a longer period” for the proposed Bitcoin ETF. The United States Securities and Exchange Commission has extended the original 45-day window to approve a Bitcoin (BTC) exchange-traded fund, or ETF, from asset manager VanEck. According to a filing from SEC on Wednesday, the regulatory body will push the…
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Vebitcoin CEO Ilker Bas is reportedly in police custody, with Thodex owner Faruk Fatih Özer suspected to have fled to Albania. Following the arrests of several employees at Turkey-based crypto exchanges Thodex and Vebitcoin last week, government officials are reportedly planning to establish a central bank authority which could custody digital assets. According to a…
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The stablecoin issuer has nabbed a banking license, but it doesn’t mean they’ll be doing any banking in the traditional sense. The U.S. Office of the Comptroller of the Currency (OCC) has granted today stablecoin company and PayPal collaborator Paxos a federal charter to form a national trust bank — just the third such charter…
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U.S. financial regulators will now work together to create modalities for clear-cut crypto regulations in America. The U.S. House of Representatives on Tuesday passed H.R. 1602 — the Eliminate Barriers to Innovation Act — introduced by Congressman Patrick McHenry (R-NC). H.R. 1602 was among six bipartisan financial services-related bills passed by Congress on Tuesday with…
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