Bitcoin

Former SEC Chief Harvey Pitt, Who Pushed For A Crypto Specific US Policy, Dies | Coingape

Crypto Market News: Former U.S. Securities and Exchange Commission Chairman Harvey Pitt, who had until recently voiced out the need for a crypto specific regulatory framework in the United States, passed away on Wednesday, aged 78. He had served as the SEC Chair for a period of 18 months between 2001 and 2003. Recently, he expressed his views on the need for a concise national policy for c...

Crypto Market Selloff: Here’s Why Bitcoin, Ethereum Price Falling Today | Coingape

The crypto market fell sharply in Asia hours on May 31, giving up earlier gains. The global crypto market cap decreased by 1.37% to 1.14 trillion, with top cryptocurrencies Bitcoin and Ethereum price tumbling 2% each. Investors as expected are liquidating their holdings as a result of BTC price closing the month 8% lower for the first time this year. Bitcoin price rallied 85% this year, bu...

Researchers propose new scheme to help courts test deanonymized blockchain data

A team of researchers from Friedrich-Alexander-Universität Erlangen-Nürnberg recently published a paper detailing methods investigators and courts can use to determine the validity of deanonymized data on the Bitcoin BTC $27,671  blockchain.The team’s preprint paper, “Argumentation Schemes for Blockchain Deanonymization,” lays out a blueprint for conducting, verifying and presenting investigations into crimes involving cryptocurrency tran...

Bitcoin’s next rally may be imminent, on-chain analyst says

After a long period of unusually low volatility, Bitcoin’s (BTC) next major price move is likely imminent and could drive BTC to $32,000, according to James Check, lead on-chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with Cointelegraph. To calculate Bitcoin’s average cost basis — the average price at which BTC was bought — Check and his team removed c...

Bitcoin (BTC) Traders May Be Gearing Up for a Move to Above $30K

BTC, along with the majority of the crypto market, printed a loss over the past 24 hours. The market leader’s price had dropped after being rejected by the $28,750. Technical indicators suggested the crypto was still in a long-term bullish trend. The total crypto market cap dropped 1.89% over the past 24 hours according to CoinMarketCap – taking the collective total to around $1.14 trillion. During this time period, Bitcoin (B...

Saifedean Ammous Joins El Salvador’s Bitcoin Team as Economic Advisor

Saifedean Ammous has been appointed an economic advisor to El Salvador’s National Bitcoin Office. Ammous will advise on various economic policies related to Bitcoin. President Bukele and Ammous discussed the benefits of economic freedom as a policy approach. El Salvador’s National Bitcoin Office (ONBTC) has appointed esteemed economist and cryptocurrency advisor Saifedean Ammous as its newest economic advisor. President Nayib ...

Bitcoin Outperforms Gold, Crude Oil; Bitcoin Bull Run Ahead? | Coingape

Bitcoin News: Bitcoin (BTC), the world’s largest cryptocurrency is riding the relief rally since the beginning of 2023. BTC turned out to be the biggest gainer among major commodities like Crude Oil (WTI) and Gold (XAU) over the past 90 days. However, this surge came in when the global Bank shares witnessed a major sell off. Also Read: Optimism Investor Whale Moves 2.65 Million OP Ahead Of...

Who’s Better for Bitcoin: DeSantis or Kennedy Jr?

In the upcoming 2024 US presidential race, two candidates emerged as leading cryptocurrency advocates: Florida Governor Ron DeSantis and Robert F. Kennedy Jr. But only one could become the first Bitcoin president in the US. These contenders have thrust Bitcoin into the political spotlight, making it a topic of national discourse. But who among them will serve the crypto community better? DeSantis: A Staunch Advocate for Bitcoin Governor R...

On-chain Data Shows Bitcoin Price Move Past $28k Resistance | Coingape

Bitcoin (BTC) is currently leading the crypto market’s current recovery with its sustained 1.20% growth to $27,593.35 at the time of writing. According to the recent weekly report published by crypto on-chain analytics firm, Glassnode, the broader market is showcasing such gravity that is pulling the premier cryptocurrency sideways in either direction. As can be gleaned from the coin’s cur...

Binance Australia Sees Bitcoin Prices Tumble Amidst Regulatory Issues

Bitcoin prices on Binance’s Australian platform dropped A$9,000 below rival exchanges due to customers rapidly liquidating positions. The Australian Securities and Investments Commission (ASIC) initiated a review into Binance Australia’s derivatives business. Amidst the regulatory challenges, Binance voluntarily relinquished its financial services license and closed its Australian derivatives business. Australia-based customer...
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