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“# Elizabeth Warren compares ‘bogus’ crypto to ‘legitimate’ CBDCs in senate hearing ” Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a possible solution to address problems around financial inclusion in the United States. At a Wednesday session of the…
“# Price analysis 6/9: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, SOL, BCH ” Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook seems to be shared by traders as Bitcoin initiated a sharp recovery today. On-chain data…
“# Here’s what would happen to Bitcoin if the government tried to take it over ” On June 7, the United States government task force seized more than $2 million in Bitcoin (BTC) to pay a ransom following an attack on the Colonial Pipeline system. A warrant filed with the U.S. District Court for the…
“# $157B Victory Capital plans to enter crypto market ” Investment firm Victory Capital Management announced it would be taking steps for its U.S.-based investors to get exposure to the crypto market. In a Wednesday announcement, Victory Capital said it would be the exclusive sponsor of “private placement funds and other vehicles” based on the…
“# Crypto exchange giants mulling India foray despite regulatory uncertainty ” Some of the biggest names in the crypto exchange business are reportedly eager to capture India’s cryptocurrency trading market even as the government is yet to issue clear-cut regulatory policies. According to Reuters, sources say Kraken, Bitfinex and KuCoin are examining the potential for…
“# Chinese search engines block results for top crypto exchanges ” China’s stance toward decentralized cryptocurrency trading appears to be getting even tougher. Chinese journalist Colin Wu and crypto news site 8BTCNews have both claimed that as of Wednesday, search results for some of the world’s leading cryptocurrency exchanges are pulling up zero results. Cointelegraph’s staff…
“# Stricter crypto laws will stifle innovation, says SEC Commissioner Hester Peirce ” Hester Peirce of the United States Securities and Exchange Commission has once again urged regulators to take a step back from attempting to overregulate the crypto space. Speaking to Financial Times, Peirce, affectionately dubbed “Crypto Mom” due to her positive stance on…
“# Iranian president calls for legal framework for crypto trading ” Iran is looking for ways to introduce a legal framework for cryptocurrencies while Bitcoin (BTC) mining remains under embargo in the country. During the Cabinet’s Economic Coordination Board meeting on Tuesday, Iranian President Hassan Rouhani emphasized the need to legalize cryptocurrency activities to preserve…
“# El Salvador President: Bitcoin law will be approved tonight ” Nayib Bukele, the president of El Salvador says there’s almost “a 100% chance” his bill to make Bitcoin legal tender will pass tonight. In a Twitter Spaces conversation happening now (5.20AM UTC) he said the bill was currently in debate and as his party…
“# Reports suggest BlockFi seeks to raise millions at a valuation of $5B ” Cryptocurrency lending platform BlockFi is reportedly looking to raise hundreds of millions of dollars in new funding at a valuation of nearly $5 billion, offering further insights into the growth of crypto-focused companies. The company, which was founded in 2017 by…