Author: e_cash_top
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Spotlight on AI, digital assets at House subcommittee hearing
[ad_1] The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion convened a pivotal hearing on Dec. 5, to hear from high-ranking representatives from federal agencies, including the Federal Reserve, Securities and Exchange Commission (SEC), and the Office of the Comptroller of the Currency (OCC), spoke on the increasing influence of new technologies…
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SEC extends comment period on Grayscale spot Ethereum ETF into 2024
[ad_1] The Securities and Exchange Commission (SEC) has extended the 45-day comment period on a proposed rule change that would allow NYSE Arca to list and trade shares of the Grayscale Ethereum Trust as an exchange-traded fund (ETF), according to an SEC filing released on Dec. 5th. NYSE Arca originally submitted the proposed rule change…
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Pro-crypto lawmaker Patrick McHenry to retire from Congress
[ad_1] U.S. Congressman Patrick McHenry, renowned for his role as a primary proponent of cryptocurrency in legislative circles, has decided to retire at the end of his current term in January 2025. The Congressman confirmed his impending departure in a statement released on Dec. 5. McHenry, who has been a member of Congress since Jan.…
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Bitcoin whales resume accumulation, signaling confidence in market rally
[ad_1] Quick Take The recent Bitcoin price surge, up over 53% since Oct. 14, has been accompanied by a distinctive accumulation pattern among various wallet cohorts. The Accumulation Trend Score, a metric that measures the relative strength of coin accumulation by entity balance size, has shown intriguing trends. From mid-October to mid-November, the accumulation trend…
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Binance settlement likely a watershed moment in crypto regulation: CFTC Commissioner
[ad_1] A senior U.S. regulator has suggested that the $4.3 billion settlement with Binance last month could represent a peak in enforcement actions against cryptocurrency firms. The settlement, which was for breaching U.S. anti-money laundering and sanctions laws, may provide a governance “template” for the crypto industry. CFTC Commissioner Kristin Johnson expressed her views at…
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Swiss city Lugano to accept Bitcoin, Tether for tax payments
[ad_1] Lugano, Switzerland, has broadened its tax and community fee payment options to include the option to pay in cryptocurrencies, including Bitcoin (BTC) and Tether’s USDT stablecoin, according to a Dec. 5 statement. The transactions will be facilitated by Bitcoin Suisse, a Swiss crypto gateway provider, that would enable citizens and institutions to settle invoices…
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Bitcoin derivatives market shows stability with balanced open interest levels
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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SafePal CEO says its time for Web3 to mature, advocates for shift in focus
[ad_1] In an industry where innovation and disruption are the norm, Veronica Wong, CEO and Co-Founder of SafePal, offers a refreshing yet provocative perspective on the evolution and future of Web3. With a blend of realism and foresight, Wong dissects the Web3 landscape, emphasizing the need for a strategic balance between pioneering spirit and pragmatic…
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USDT Tether supply edges toward 90 billion with potential influence on Bitcoin prices
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Bitcoin miner Phoenix Group makes $2.47B trading debut in Abu Dhabi rising 50%
[ad_1] Middle East-based Bitcoin (BTC) miner Phoenix Group became the first crypto-related firm to go public on the Abu Dhabi Securities Exchange (ADX) today, Dec. 5, according to a post on social media platform X (formerly Twitter). The miner was initially scheduled to go public on Dec. 4 but shifted its debut to today after…