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Bitcoin technical charts suggest BTC could remain range-bound for an extended period of time. Cointelegraph explains why. Key point: BTC is facing selling near $120,000, signaling an upcoming phase of consolidation. Bitcoin (BTC) is taking a breather, but a positive sign is that the bulls have not ceded much ground to the bears. That suggests…
The massive AI deal between the U.S. and the United Arab Emirates (UAE) is reportedly on hold before it can be finalized due to national security reasons. The deal, which gives the green light to the UAE to buy billions of dollars worth of AI chips from Nvidia and other semiconductor companies, is on hold…
House Speaker Mike Johnson says he’ll look to move forward with three crypto bills on Wednesday after some Republican lawmakers pulled support over wanting a CBDC ban. The US House is set to try to move forward three crypto bills again on Wednesday after canning a re-vote on Tuesday as multiple Republican lawmakers pulled support,…
Wynn previously claimed that his leveraged positions were deliberately “hunted” by crypto market makers looking to sink Bitcoin’s price below his liquidation threshold. Multimillionaire cryptocurrency trader James Wynn returned despite numerous previous liquidations, signaling renewed confidence in Bitcoin’s near-term upside momentum. Wynn returned with two new leveraged positions, including a 40x leveraged Bitcoin (BTC) long…
One risk facing banks that custody crypto is the potential for liability if crypto assets are lost, according to three US financial agencies. Three federal agencies of the United States government outlined the risks facing banks if they decide to custody crypto on behalf of their clients, according to a document published jointly by the…
Bank of England governor Andrew Bailey joins a growing list of European officials concerned with the rise of stablecoins. Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead. Stablecoins introduce systemic risks to banking institutions that could destabilize the…
Binance founder CZ shared a tweet alleging Coinbase as the anonymous source behind Bloomberg’s report targeting Trump’s crypto project and Binance. Binance co-founder and former CEO Changpeng “CZ” Zhao has reposted a tweet alleging that Coinbase was the “anonymous” source behind Bloomberg’s report targeting Trump’s crypto project, World Liberty Financial, and Binance. In a Sunday…
Asia’s regulatory frameworks in tokenization are attracting global investors, with Japan and Hong Kong setting the pace for real-world asset adoption. Asia’s leadership in tokenization is drawing growing attention from global investors, with regulatory clarity in the region attracting capital that was once on the sidelines, according to Maarten Henskens, head of protocol growth at…
Binance co-founder CZ has dismissed a Bloomberg report linking him to the Trump-backed USD1 stablecoin, threatening legal action over alleged defamation. Binance co-founder and former CEO Changpeng “CZ” Zhao has rejected a recent Bloomberg report linking him to a stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President…
BlockFi’s bankruptcy administrator and the DOJ have settled a $35 million crypto asset transfer lawsuit. The administrator overseeing BlockFi’s bankruptcy wind-down and the US Department of Justice (DOJ) have reached a settlement to dismiss a $35 million crypto asset transfer lawsuit involving the crypto lender. The agreement was approved by Judge Michael B. Kaplan of…