The U.S. House Financial Services Committee will hold a hearing on June 13 on the topic of cryptocurrencies, potentially giving more clarity to the markets. The committee oversees matters like the Federal Reserve Board, the US Treasury, and currency. How might this affect the cryptocurrency market and the selection of the best cryptos to buy…
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Coinbase, one of the leading cryptocurrency exchanges globally, faces a lawsuit from US regulators, hot on the heels of similar legal action against Binance, another industry heavyweight. The Securities and Exchange Commission (SEC) accused Coinbase of operating illegally without prior registration, a mandatory requirement for securities trading firms in the US. Considering this recent macroeconomic…
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The U.S. Securities and Exchange Commission announced today that it has filed charges against Binance, the world’s largest cryptocurrency exchange, for violating federal securities laws. The SEC alleges that Binance mismanaged billions of dollars of client funds and deceived regulators and investors. How might this affect the selection of the best cryptos to buy now?……
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The cryptocurrency market has been affected this week by uncertainty surrounding the U.S. debt ceiling vote and potential interest rate hikes. While legislation to raise the debt ceiling and cut government spending was introduced in the House of Representatives on Tuesday, the market remains on edge due to the bill’s unclear fate until it is…
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Conservative Republicans are opposing the bipartisan agreement to raise the U.S. debt ceiling, which could result in a U.S. default if it doesn’t pass its first test in Congress. Both President Joe Biden, a Democrat, and the leading Republican figure in Congress, House Speaker Kevin McCarthy, anticipate the requisite votes to enact the bill before…
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Image by Fareed Mindalano / Playground AI After experiencing a notable 4.49% uptick yesterday, Bitcoin (BTC) is currently retracing and trading at $27,665, down 1.48% in the past day. According to crypto analytics firm Glassnode’s recent report, however, on-chain data shows Bitcoin could break $28,000 soon. In the past 24 hours, Bitcoin reached $28,462.73 but…
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A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine on the deep web. Massachusetts U.S. Attorney Rachael Rollins stressed during the announcement that the government has entered the cyber world, and she insists they…
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