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The Commodities Futures Trading Commission (CFTC) Chairman, Rostin Behnam, recently stated that most cryptocurrencies should be treated as commodities under existing laws. However, he emphasized the urgent need for updated regulations that account for the technological advancements in the digital asset space. In an interview on CNBC’s Squawk Box, Behnam expressed his concerns about the
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Bitcoin, the world’s most well-known cryptocurrency, recently faced a critical vulnerability that has the potential to significantly impact the Ordinals Protocol. This vulnerability was identified by the National Vulnerability Database (NVD), overseen by the National Institute of Standards and Technology (NIST) in the United States. In this article, we will delve into the details of
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The crypto market has proven its resilience by outperforming traditional assets such as equities in recent weeks. This can be attributed to a significant repricing in monetary policy expectations and short futures liquidations. However, this outperformance faced limitations due to stronger-than-expected US jobs data, which dampened the recent rally. The reversal in US Treasury yields
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The world of Non-Fungible Tokens (NFTs) has been revolutionizing the digital asset landscape, and Enjin has taken a significant step forward by successfully transferring over 200 million NFTs from Ethereum to its very own blockchain. This migration marks a monumental milestone in the NFT space and showcases the growing capabilities of Enjin Blockchain. Achieving the
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Bitcoin’s price has once again experienced a significant drop, testing the $40,000 support zone. This downward trend highlights the market’s volatility and the potential challenges faced by cryptocurrency investors. While the price is currently on the rise, it must surpass the $42,350 mark to establish a more positive trajectory for Bitcoin. Bitcoin is currently attempting
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In a significant move to protect virtual asset investors and regulate the rapidly growing cryptocurrency industry, the Korean Financial Services Commission (FSC) has unveiled a comprehensive set of regulations. The Act on the Protection of Virtual Asset Users is set to come into effect on July 19, 2024, and aims to tackle the challenges faced
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The cryptocurrency market is known for its volatility and unpredictability, making it challenging for traders to identify the next big winner. However, a new platform called Launchpad XYZ aims to change that. By leveraging AI-driven algorithms, Launchpad XYZ offers traders a unique path forward, enabling them to bypass emotional pitfalls and make data-driven investment decisions.
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Bitcoin’s next halving is drawing near, and investors are eagerly anticipating the potential for another significant bull market. Mitchell Askew, Head Analyst for Blockware Solutions, holds an optimistic outlook for the event. Contrary to conventional wisdom that both Bitcoin and the halving are subject to diminishing returns, Askew believes that the halving’s effect will continue
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Senator Elizabeth Warren (D-MA) recently announced an expanded coalition of Senate support for a bipartisan bill aimed at mitigating illicit finance risks associated with cryptocurrencies. The Digital Asset Anti-Money Laundering Act seeks to bring the crypto ecosystem into compliance with anti-money laundering frameworks governing the traditional financial system. While the bill aims to address concerns
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Introduction The XRP community has been grappling with concerns over the token’s underperformance and potential market manipulation. However, amidst the uncertainty, crypto analyst Dark Defender has provided a glimmer of hope, predicting that XRP could reach $18 in the near future. This analysis has sparked discussion and renewed optimism within the community, but the journey
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The Financial Services Commission (FSC) of South Korea has recently introduced a series of regulations targeting digital asset investments. These regulations, set to be implemented by July 2024, aim to create a more secure and regulated digital asset marketplace in the country. While the new laws require investors to earn interest on digital assets deposited
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The crypto market is notorious for its volatile nature, constantly undergoing significant changes in response to price fluctuations. However, an interesting trend has emerged, highlighting a reduction in volatility due to a shift in investor behavior, particularly within the futures market. By analyzing Bitcoin’s price changes and significant liquidation events from 2021 to 2023, we
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Google is preparing for a significant update to its policy on cryptocurrencies and related products, set to take effect in January 2024. This update will bring explicit clarification on the regulations surrounding the advertisement of Cryptocurrency Coin Trusts. Starting from January 29th, 2024, advertisers in the United States will be able to promote Cryptocurrency Coin
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The Internal Revenue Service (IRS) has recently shifted its attention to tax evasion in crypto investigations, according to a report from the agency’s criminal investigations division. More than 50% of the probes conducted in the last fiscal year were related to tax matters, marking a significant change from previous years. While the majority of cryptocurrency
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Crypto analyst Ali Martinez is optimistic about the future of Cardano (ADA) and anticipates “new yearly highs” for the cryptocurrency. With a recent surge in price and a significant presence in decentralized finance (defi), Cardano has secured a spot in the top 10 platforms by total value locked (TVL). This accomplishment, coupled with the injection
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Cardano (ADA) has seen impressive price gains in recent times, becoming one of the top-performing cryptocurrencies this year. With investors eagerly anticipating ADA’s future price trajectory, various predictions have surfaced in an attempt to gauge its potential growth. This article critically analyzes Cardano’s current standing in the market and evaluates the likelihood of it maintaining
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Stablecoin issuing company Tether has recently introduced an enhanced security policy aimed at safeguarding the crypto ecosystem from bad actors. This new policy also emphasizes Tether’s commitment to cooperation and collaboration with law enforcement agencies. The implementation of this voluntary wallet-freezing initiative is designed to counter transactions associated with Sanctioned Persons listed on the Office
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The cryptocurrency sector may be advancing, yet industry experts are becoming aware that exchanges, market makers, and custodians must act as separate entities in order for businesses to succeed. This concept has often gone overlooked within the cryptocurrency industry, with market makers, exchanges, and custodians often operating as the same entities. This lack of separation
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The European Union (EU) has emerged as a frontrunner in the race to regulate artificial intelligence (AI) by reaching a provisional agreement on the world’s first comprehensive regulation of AI. The agreement, hailed as a “historical achievement” by Carme Artigas, the Spanish Secretary of State for digitalization and AI, strikes a delicate balance between encouraging
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Investment management firm VanEck has recently released its predictions for the year 2024, outlining not only a surge in Bitcoin prices but also the anticipated growth of the NFT market. These projections signal a significant transformation in the cryptocurrency industry and present new opportunities for investors. Bitcoin’s All-Time High VanEck predicts that Bitcoin will reach
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