Despite the sharp recovery of cryptocurrency prices in the month of July, the overall monthly spot trading volumes on the exchange plummeted significantly. According to the data compiled by CryptoCompare, the spot volume of crypto trading dropped by 31.5 percent month-over-month. In absolute terms, it came in at $1.9 trillion, which is also the lowest in 2021. Additionally, the report […]
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Although President Nayib Bukele was confident about his country's decision to recognize Bitcoin as legal tender, he was nearly brought down by widespread institutional criticism from agencies such as the International Monetary Fund (IMF), the World Bank and others. However, the recent endorsement from Bank of America gives Bukele renewed vigor and enthusiasm to continue pursuing the Bitcoin dream. Mixed […]
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Humanode is partnering with Republic Crypto=. Humanode Announces New Partnership HUMANODE, the world’s first blockchain project to utilize a consensus mechanism based on crypto-biometric identification, in order to realize their goal of one human = one node = one vote to overcome various known issues in modern day crypto economics and governance, has announced a strategic partnership with Republic.co. Republic […]
Read moreIn what is seen as a boost for Mirror Trading International (MTI) investors, United States investigators are said to have joined the probe into the collapsed bitcoin scheme. According to a report, the U.S. investigators’ goal for joining this probe is to help “recover the assets of out-of-pocket investors.” FBI Interest Confirmation of the U.S. Federal Bureau of Investigation’s involvement […]
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Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), recently expresses his views about Bitcoin and other digital currencies. In an interview with CNBC, Gensler said that Bitcoin and hundreds of other cryptocurrencies are speculative assets. The SEC Chair also highlighted the importance of a clear crypto regulatory framework. “Bitcoin and the hundreds of other coins that investors […]
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Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have claimed jurisdiction over the crypto industry. A CFTC commissioner clarified that pure commodities, including crypto assets, or their trading venues are not regulated by the SEC. Regulation of Crypto Assets by SEC and CFTC A commissioner with the U.S. Commodity Futures Trading Commission, Brian […]
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Hedge fund manager Ray Dalio says he’s still bullish on Bitcoin but has a greater penchant for gold. Speaking to CNBC on August 4, the billionaire investor admitted to owning a “very small amount” of Bitcoin but said that he would choose gold if he had to make the choice between the two. “If you put a gun to my […]
Read moreThe chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined how the SEC plans to regulate the crypto industry. Focusing on investor protection, Gensler discussed concerns the SEC has about crypto trading, exchanges, lending, defi platforms, and exchange-traded funds (ETFs). Gary Gensler Outlines SEC’s Crypto Priorities SEC Chairman Gary Gensler outlined the agency’s plans regarding the […]
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Crypto Analyst Nicholas Merten recently said in a video analysis session on YouTube that Ethereum’s price is poised to explode. Merten pointed out that price analysis really isn’t the reason that the number 2 cryptocurrency is set to explode, but what the market dominance shows that actually shows this. This shows through when the cryptocurrency market dominance is measured. Merten […]
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