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Bitcoin’s price has surged, with $12,000 in sight as markets shift their focus away from the Federal Reserve’s potential rate cut in July. The cryptocurrency market is anticipating a breakout above the $12,000 level, with analysts keeping a close eye on how the Federal Reserve’s upcoming decisions will impact Bitcoin’s trajectory. As Bitcoin continues its [...]
Bitcoin’s deflationary nature is a result of its strategic design. When purchasing Bitcoin, investors are contributing to its scarcity, thus driving up its value. This unique feature sets Bitcoin apart from traditional currencies that can be easily inflated by governments printing more money. The limited supply of Bitcoin, capped at 21 million coins, ensures that [...]
The Consumer Financial Protection Bureau (CFPB) has announced its intention to take a more cautious approach to regulating the cryptocurrency industry. A prominent attorney specializing in blockchain and crypto law shared insights on the implications of this decision. The CFPB’s decision to step back from imposing strict regulations on the crypto market comes as a [...]
The post Anticipated Shift: CFPB Expected to Ease Up on Crypto Regulation, Predicts Attorney appeared first on Crypto Breaking News.
OpenAI, the renowned artificial intelligence research lab, reportedly pursued a deal with Anysphere before shifting their focus to wind surfing. This unexpected shift in their priorities has sparked curiosity among industry experts and AI enthusiasts. It is not uncommon for organizations like OpenAI to explore various partnerships and collaborations to advance their research and technology. [...]
The post OpenAI’s Pursuit of Anysphere Partnership before Shifting Focus to WindSurf appeared first on Crypto Breaking News.
Bitcoin seems to have taken a back seat in recent news as discussion shifts towards the trade and immigration policies proposed by US President Trump and El Salvadoran President Bukele. While Bitcoin continues to play a significant role in the financial world, with its value constantly fluctuating and garnering attention from investors and enthusiasts alike, [...]
The post Trump and Bukele Shift Focus to Trade and Immigration, Leaving Bitcoin in the Background appeared first on Crypto Breaking News.
Source: CoinDesk
The post Shapeshifting Justice: The SECs Weakest Case Yet appeared first on Crypto Breaking News.
The U.S. Securities and Exchange Commission (SEC) has leveled charges against Shapeshift AG, accusing the company of operating without proper registration. This case has ignited a broader conversation on the regulatory framework for crypto assets, with SEC Commissioners Hester Peirce and Mark Uyeda voicing their dissent and concerns about the SECs current approach toward crypto [...]
The post SEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation appeared first on Crypto Breaking News.
ShapeShift AG has settled with the U.S. Securities and Exchange Commission (SEC) for operating as an unregistered dealer of crypto asset securities, agreeing to a cease-and-desist order and a $275,000 penalty. (Read More)
The federal regulator instituted a cease-and-desist against ShapeShift, which dissolved its U.S. crypto exchange in 2021.Source: CoinDesk
The post ShapeShift Settles SEC Charges It Sold Crypto Securities appeared first on Crypto Breaking News.
Bitcoins status as digital gold is facing a challenge as traders shift their focus to bonds, resulting in gold reaching new record highs. The narrative of Bitcoin being a safe-haven asset similar to gold has been a popular one in the cryptocurrency community. However, recent market trends have shown a departure from this idea. As [...]
The post Challenging Bitcoin’s ‘Digital Gold’ Claim as Traders Shift to Bonds and Gold Reaches Record Highs appeared first on Crypto Breaking News.
Bakkt, the renowned cryptocurrency platform, has recently appointed a new Co-CEO as part of its strategy to shift its focus towards digital assets. The decision to name a Co-CEO comes as Bakkt aims to bolster its position in the crypto market and adapt to the evolving landscape of the industry. The newly appointed Co-CEO, whose [...]
The post Bakkt appoints new co-CEO as focus shifts to cryptocurrency offerings appeared first on Crypto Breaking News.
Bitcoin: The Distinct Market Dynamics of Long-Term Holders Bitcoin, a pioneer in the world of cryptocurrencies, exhibits a unique market dynamic when it comes to long-term holders. These individuals, known as “HODLers” (a playful misspelling of “hold” originating in a Bitcoin forum post), play a crucial role in the stability and growth of the Bitcoin [...]
The post Research uncovers Bitcoin long-term holders’ behavior shift indicating a ‘unique market dynamic’ appeared first on Crypto Breaking News.
The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators mandated the closure of Prime Trust. Despite these challenges, Coinbits maintains confidence that the custodian “still has enough bitcoin [...]
The post Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes appeared first on Crypto Breaking News.
FLOKI price surged by 10% on Sunday before slightly pulling back before the end of the day. The price however started Monday with a 2% surge. FLOKI is trending as traders and investors bet on it amid a China-focused push for its Valhalla metaverse game. Along with the price, the FLOKI’s trading volume also jumped …
<p>The post Focus shifts to Floki amid China-focused push for its Valhalla metaverse game first appeared on CCNC | Cryptocurrency Newscast.</p>
The Bored Ape Yacht Club (BAYC), a prominent non-fungible token (NFT) collection, has been experiencing a decline in its dominance. In the past 90 days, the minimum value of BAYC NFTs has plummeted from 64 ETH to just above 37 ETH. Furthermore, the floor value of the Cryptopunks NFT collection has been higher than BAYC’s [...]
The post Bored Ape Yacht Club’s Market Reign Crumbles as Rivals Take Center Stage appeared first on Crypto Breaking News.
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others [...]
The post ‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion appeared first on Crypto Breaking News.
Filecoin (FIL/USD) price drifted downwards despite the upcoming launch of its virtual machine next week. FIL slumped to a low of $5.85, which is close to its January lows. It has pulled back by more than 38% from the highest level this year. Filecoin Virtual Machine (FVM) launch The most important cryptocurrency news is the ...
<p>The post Filecoin price prediction: Focus shifts to March 14 first appeared on CCNC.</p>
Shapeshift responded to Senator Warren's Valentine's Day Senate hearing statements on Twitter on Feb. 19. (Read More)
ShapeShift CEO Erik Voorhees expects Bitcoin to reach $40,000 by the summer, while Tim Draper has stood by his $250,000 prediction for the second year running.
Shapeshift has now created a new open-source app to which users will have to migrate, to take additional steps into complete decentralization. (Read More)
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