The Blockchain Association, one of the largest cryptocurrency lobbying groups, has announced that it will move its resources out of New York to concentrate on federal policy. The CEO of the organization, Kristin Smith, has stated that the group will continue to hire full-time staff in Washington D.C. to promote its mission of advancing the
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Bitcoin (BTC) experienced daily lows on May 3rd, as markets awaited the Federal Reserve’s interest rate decision. Data from various sources showed BTC/USD reaching $28,152 on Bitstamp, down 2.2% from the day’s highs. The pair continued to be volatile into the May 3rd meeting of the Federal Open Market Committee (FOMC), the event that accompanies
New Brunswick’s provincial government has implemented a moratorium on energy access to crypto miners and other large-scale users due to concerns about additional load demand. N.B. Power, the main power company in the province, expressed concerns about the potential significant pressure that crypto mining could put on the energy supply. The cabinet order that endorsed
Gemini, a leading cryptocurrency exchange, has launched its derivatives platform – Gemini Foundation – in 30 countries outside of the United States. The platform will offer Bitcoin perpetual contracts denominated in Gemini dollars (GUSD) with up to 100 times leverage and Ethereum trading will be available soon. The exchange plans to expand its offerings with
Ecoterra is a new cryptocurrency that is advocating for a sustainable ecosystem through digital carbon credits. The effects of climate change have become increasingly evident, and individuals and entities have embraced technologies that offer intentional ways to offset carbon emissions. Among these emerging technologies, Ecoterra offers the best solutions to support environmentally friendly initiatives with
Bitcoin (BTC) has begun a new week with increased volatility following the announcement that First Republic Bank is being placed in public receivership and taken over by JPMorgan Chase. This news comes before this week’s Federal Reserve meeting, where the next interest rate shift will be revealed, adding further potential pressure to BTC price action.
Bitcoin experienced significant volatility between April 25 and May 1, fluctuating between $27,200 and $30,000. While this 10.5% move may cause alarm from a trading perspective, resulting in $340 million in leveraged BTC futures contract liquidations, from a broader perspective, Bitcoin’s price is up 72% year-to-date in 2023, while the S&P 500 stock market index
The Office of Foreign Assets Control (OFAC) has reached a settlement with Poloniex for $7.6 million regarding various sanctions violations. Poloniex allowed customers in sanctioned countries to trade and transact over $15.3 million of digital currencies through 66,000 transactions between January 2014 and November 2019. Violation Details The violations took place in Cuba, Iran, Sudan,
Bitcoin (BTC) experienced a drop below $28,000 on Tuesday, just as markets prepared for the upcoming Federal Open Market Committee (FOMC) decision. During the session, BTC/USD slipped to an intraday low of $27,680.79, coming less than 24 hours after trading at a high of $28,626.28. This move nearly collided with its recent price floor at
John Deaton, the founder of CryptoLaw and a lawyer representing Ripple, has accused the US Securities and Exchange Commission (SEC) of “exploiting legal uncertainty about crypto” to redefine what should be considered a security under the Howey test. Deaton argues that the regulator’s litigation against crypto companies is pushing the boundaries of what constitutes an