[ad_1] Congressman John Rose of Tennessee introduced the “BRIDGE Digital Assets Act,” one of the most important legislative proposals with changes in the regulatory landscape of crypto assets in the United States. It provides for a Joint Advisory Committee consisting of participants from the Securities and Exchange Commission and the Commodity Futures Trading Commission. It would, therefore, look to harmonize the sometimes-conflicting regulations existing presently between the two agencies for digital assets, coming under both securities and commodities jurisdictions. Rose argues that the “regulation-by-enforcement” approach stifles innovation and drives investment overseas, requiring the United States to create an environment friendlier…
Author: dfrancis36
[ad_1] A widely followed crypto analyst believes Bitcoin (BTC) could soar by triple digits before the cycle ends. Crypto trader Michaël van de Poppe tells his 724,700 followers on the social media platform X that Bitcoin could increase by up to 890% from its current value if investors choose the flagship digital asset as a hedge against geopolitical tensions, banking instability and currency debasement. “The current valuation of Bitcoin is still super low. I wouldn’t be surprised with $300,000-$600,000 this cycle.” Bitcoin is trading for $60,588 at time of writing, up more than 4% in the last 24 hours. The…
[ad_1] Sam Bankman-Fried, the former crypto billionaire who was convicted of fraud and sentenced to 25 years in prison, has formally appealed his conviction and requested a new trial. In the 102-page appeal, the legal representatives of the FTX founder accused Judge Lewis Kaplan of being unfairly biased in the previous trial.A Biased Judge?Bankman-Fried, the former crypto billionaire who once made significant political donations, was convicted on seven counts of fraud and conspiracy to commit fraud by a New York jury last November for his fraudulent business practices with the now-collapsed FTX and its affiliates. The conviction was followed by…
[ad_1] Este artículo también está disponible en español. A new report has highlighted the key changes that could follow a significant increase in Solana liquid staking. Driven by strong investor demand, if Solana’s liquid staking were to reach $18 billion, it could significantly benefit Solana (SOL) and Jito (JTO), a liquid staking token on the Solana blockchain, potentially fueling positive momentum and a rise in the value of both altcoins. Related Reading Adoption Boom To Ignite Solana Liquid Staking Over the past few years, SOL has had an impressive run, outperforming most altcoins while leading the meme coin market with…
[ad_1] According to data from CoinMarketCap, Bitcoin (BTC) appears to have finally found some stability in September, recording a price gain of nearly 13% in the last week. Interestingly, crypto analyst Burak Kesmeci has unveiled a certain condition behind this price rise which could prove vital in initiating a market bull run. Bitcoin Bulls Dominance Strengthens, Network Address Nears 350,000 Level On Friday, Kesmeci shared via an X post detailing how the number of new Bitcoin addresses per day is a strong indicator of price movement. With respect to recent price gain, the analyst noted that new Bitcoin addresses have…
[ad_1] Este artículo también está disponible en español. Once more making waves with some fascinating predictions is Shiba Inu (SHIB). Top trader Dexter has set an ambitious long-term target for the meme coin despite market volatility, expecting it may rise from $0.00001389 to $0.00015, which is almost a 1,000% increase. Related Reading SHIB is exhibiting a 1.27% growth over the previous 24 hours, and over 7% in the last week. Still, it’s not getting much traction even while the larger crypto market shows an improving trend. Dexter forecasts SHIB could rally to a long-term target of $0.00015. Analyst Krao at…
[ad_1] Ethereum is struggling to break through key resistance levels, even after the recent crypto market surge led by Bitcoin. While ETH’s price remains under pressure, there’s encouraging news for investors. Recent data from IntoTheBlock highlights Ethereum’s continued dominance in decentralized exchange (DEX) volume, reinforcing its position as a major player in the DeFi space. This insight is vital for those concerned about Ethereum’s price underperforming compared to Bitcoin and other altcoins. The data suggests that despite the current price struggles, Ethereum’s network remains robust and highly utilized, especially in DeFi. This broader market perspective can help investors stay informed…
[ad_1] A closely followed crypto strategist and trader says one red-hot real-world asset (RWA) project may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that MANTRA (OM) “still looks strong.” “Consolidation in the previous range and now expansion; would be careful buying here personally and think we should see a pullback around $1.23 and $1.41. But still is one of the better RWA bets and I’ve got a bag.” Source: Altcoin Sherpa/X MANTRA is a crypto project that allows the tokenization and trading of real-world assets such as commercial properties.…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] Centralized cryptocurrency trading platform Kraken has again refuted the US Securities and Exchange Commission’s (SEC) allegations that the exchange sold digital assets that qualify as unregistered securities. Kraken vs. SEC, A Battle Of Legal Definitions In its response, the San Francisco-headquartered exchange insisted it had not violated federal securities laws. Specifically, the exchange mentions that the digital assets sold on its platform do not meet the legal definition of securities or investment contracts. Specifically, the exchange states that digital assets such as Algorand (ALGO), Cosmos (ATOM), Polygon (POL), Filecoin (FIL), Solana (SOL), and Cardano (ADA) – among others available…