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The bearish BTC price targets keep mounting amid concerns over the “distribution” of coins by long-term holders. The bearish BTC price targets keep mounting amid concerns over the “distribution” of coins by long-term holders. Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders’ demands for a new macro low persisted. BTC/USD 1-hour candle chart (Bitstamp). Source:...
The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years. Clark Vaccaro, acting president and chief strategy officer at BaSIC, a local trade organization, holding up a sign after a rally against the proposed bill last month. (Nikhilesh De/CoinDesk) The New York State Senatepasseda bill targetingproof-of-work(PoW) mining early...
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Polygon is now requiring extensive customer details for prospective partners in India as regulatory scrutiny there grows, according to a source. Layer 2 side chain Polygon is requiring extensive KYC (Know Your Customer) details to provide funding, investments, grants or financial support to potential partners in India, said a person familiar with the matter. Polygon, whose system runs alongside the...
Three Republican senators are pushing to prohibit portals from allowing apps that facilitate payments of China’s digital yuan out of concern that it could be used for espionage against American citizens. The proposed “Defending Americans from Authoritarian Digital Currencies Act” would outlaw the use of China’s e-CNY for app stores and other uses in the United States. US Says No...
The Federal Reserve’s Lael Brainard says it will take years to build a U.S. CBDC and that the project can only start once Congress and the White House sign off. Vice Chair of the Federal Reserve Lael Brainard predicts a digital dollar could take the central bank many years to build. (Drew Angerer/Getty Images) Federal Reserve Vice Chair Lael Brainard...
A quick recap of some of the noted analyst's key prognostications shows just how mixed his track record has proven. Scott Minerd, the chief investment officer of Guggenheim Investments, hasn't been shy over the past couple years about making predictions about the price of bitcoin (BTC). His calls, typically made during interviews with financial media outlets including CNBC and Bloomberg,...
The put/call ratio for bitcoin options reached yearly highs on Thursday, data shows. Activity on bitcoin (BTC) options suggests rising bearish sentiment among investors as the asset ranges between the $29,000 and $30,000 price levels. Bitcoin dropped tonearly $24,000in the past week amid systemic risks within the crypto ecosystem andinflation fearsin the broader market. The asset hasslid for seven straight...
Federal officials saw Coinbase’s admission about customers’ vulnerability in a bankruptcy and will call for congressional action to segregate clients’ funds, source says. U.S. President Joe Biden’s administration will press Congress to demand cryptocurrency exchanges keep their customers’ money separate from their own corporate funds, according to a person familiar with the plan that could constrain the way the industry...
Ledger Connect is launching in beta and will initially be compatible with the Ledger Nano X and Mobile Safari. Ledger is adding a browser extension on Safari called Ledger Connect that will allow users of Ledger hardwarewalletsto easily connect withWeb 3applications without the need for third party dependencies. Ledger Connect also has a security layer that will flag customers when...