Author : Memora

SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry – Regulation Bitcoin News

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative […]

USDC Outflow Surpasses $10 Billion, Are Investors Losing Interest In The Stablecoin?

Since the Silicon Valley Bank (SVB) fallout negatively impacted Circle’s USD coin (USDC), the stablecoin has recorded significant outflows. This massive withdrawal from USDC indicates investors have started ditching the stablecoin for other assets. According to data from the crypto market-based data aggregator Coinmarketcap, USDC’s total market capitalization has plummeted by more than 5% within […]

Fold Announces Exclusive Global Partnership With Visa

Fold is aiming at bringing its bitcoin rewards card product to users around the world through this expansionary partnership. Fold, a Bitcoin rewards company, has announced that it will collaborate with Visa, which will become the exclusive global network partner for Fold’s prepaid debit products in North America, Europe, and Latin American countries. The move […]

Bitcoin profits are taxable in certain cases, says Denmark’s supreme court

The Justices of the Supreme Court of Denmark have handed down two judgements on whether the sale of Bitcoin under certain circumstances qualifies as a taxable event. In a March 30 notice, Denmark’s Supreme Court said a party who gained profits from selling Bitcoin (BTC) acquired through several purchases and donations was required to report […]

BTC Rises to $29,000 for First Time Since Last June – Market Updates Bitcoin News

Bitcoin rose above $29,000 on Thursday, as price moved to its strongest point since last June. The surge came despite some consolidation in cryptocurrency markets, ahead of the upcoming U.S. GDP report. Ethereum was also higher, as it continued to trade above $1,800. Bitcoin Bitcoin (BTC) moved to its highest point in nine months, despite […]

Shiba Inu Testnet For Shibarium Surpasses Major Milestone

Although the testnet for layer-2 technology of Shiba Inu, Shibarium, is only a few days old, it has seen significant growth and adoption by the community in just a short period of time. SHIB influencer Lucie drew attention in a tweet to the fact that the beta test network for Shibarium, Puppynet, has reached the […]

Texas Senate Committee Hears Testimony On Bill That Would Ban Certain Energy Arrangements With Bitcoin Miners

Pierre Rochard, VP of research at Riot Platforms testified yesterday that Bitcoin is a net positive for the state. The Senate Committee on Business and Commerce heard testimony in regards to a Texas bill that would prohibit flexible load agreements between bitcoin miners and energy providers yesterday. The bill aims to ban the arrangements in […]

OKX seeks Australian expansion citing ‘huge appetite’ for crypto

Seychelles-based crypto exchange OKX has signaled its intention to expand its crypto services to Australia, a country it believes is primed to take on the next wave of crypto adoption. The trading platform explained in a March 29 statement that Australia would be a key growth market for the firm moving forward. The firm states […]

This Chart Says Bitcoin Is A Leading Indicator For Inflation

A new price chart comparing Bitcoin (BTCUSD) with the US Consumer Price Index (CPI) could suggest that BTC is a leading indicator for inflation.  And if what the chart signals is accurate, inflation could be coming back in a major way.  Does Bitcoin Lead Rising And Falling Inflation? Back in 2020, Bitcoin price set new all-time […]

Latin America’s Largest E-Commerce Platform To Enable Bitcoin Trading In Chile

MercadoLibre has enabled bitcoin and cryptocurrency trading on its Mercado Pago wallet for Chilean users. MercadoLibre, the largest e-commerce platform in Latin America, has announced that it has enabled bitcoin and cryptocurrency trading to its users in Chile.  The feature will allow Chilean users to buy, sell and save bitcoin through the company’s MercadoPago wallet […]

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