Author: e_cash_top

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[ad_1] Bankrupt lending platform BlockFi said in a June 12 email that it must perform updates before it begins to distribute funds to users. Upgrades coming in summer BlockFi said that a June 9 court order determined that users own the assets in their wallet accounts and that the company can allow certain withdrawals. However,…

Circle CEO praises US stablecoin bill in remarks prepared for Congress

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[ad_1] Circle CEO Jeremy Allaire published a blog post on June 12 featuring testimony that he plans to present to Congress regarding draft stablecoin regulation. Those comments pertain to the hearing scheduled for June 13 titled “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.: Allaire said his prepared remarks: “The stablecoin…

Bank of China subsidiary issues tokenized notes on Ethereum

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[ad_1] A Chinese bank has issued tokenized notes on the Ethereum blockchain in collaboration with UBS Group, the latter firm said on June 12. Aurelian Troendle, Global Head of MTN Trading at UBS AG, said: “We are pleased to work with BOCI on this transaction to bring structured products onto a public blockchain network, supporting…

US lawmakers introduce bill to restructure SEC, remove Chairman Gary Gensler

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[ad_1] U.S. lawmakers Warren Davidson and Tom Emmer introduced a bill on June 12 to restructure the U.S. Securities and Exchange Commission and remove its chairman, Gary Gensler. In a June 12 statement, the lawmakers stated that the bill, tagged “the SEC Stabilization Act,” would change the financial regulator’s current structure, ensuring its priorities protect…

US, UK lawmakers to hear arguments around crypto regulations on June 13

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[ad_1] As the cryptocurrency industry faces regulatory headwinds, lawmakers in the United States and the United Kingdom are set to bring the discussion into the public sphere. On June 13, both nations will host high-profile hearings, marking a pivotal moment in the ongoing debate over digital asset regulation. The U.K. Parliament will debate the findings…

Bitcoin trades at premium on Binance US as liquidity dries up

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[ad_1] Bitcoin (BTC) is trading at a premium of over 1% on Binance.US as the exchange’s USD trading volume has dropped to new lows after the U.S. SEC’s lawsuit, according to CryptoCompare data. CryptoCompare data indicates that BTC was trading above $26,000 on Binance.US, surpassing the prices of major rivals like Kraken and Coinbase with…

US unemployment rate under 4% for longest stretch since 1970s

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[ad_1] Quick Take Liz Ann Sonders, the chief investment strategist at Charles Schwab, pointed out that the unemployment rate in the U.S. is below 4%, the longest period under that level since the 1970s. The unemployment rate is currently 3.7%, up from 3.4% in May. The unemployment rate is continuing to increase due to rising…

What’s going on behind the scenes of June’s massive miner outflow?

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[ad_1] Analyzing miner-to-exchange flows is crucial for understanding market sentiment, particularly when evaluating whether miners are liquidating or accumulating. A surge in Bitcoin inflows to exchanges has historically preceded an increase in sell orders, often leading to price slumps as the selling pressure increases. On June 3, miners transferred a considerable volume of BTC to…

SEC hostilities see Bitcoin dominance spike to 111-week high

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