In a move that could significantly impact Bitcoin and the broader crypto landscape, Ohio Senator Niraj Antani has introduced legislation to allow Bitcoin (BTC) as an official payment method for state taxes and various fees. This bill, if passed, would be a game-changer in terms of how cryptocurrencies can be used in the state. Introduced […]
Raphael Bostic, President of the Atlanta Federal Reserve, mentioned on Monday that he is open to another half-percentage-point interest rate reduction during the Fed’s November meeting if upcoming data indicate that job growth is slowing faster than anticipated. In an interview with Reuters, Bostic said, “A weaker-than-expected result could push me to support a more […]
During a keynote at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei emphasized the need for China to thoroughly assess developments in the cryptocurrency space. As reported by Sina Finance, Lou discussed the potential risks that cryptocurrencies pose, particularly in terms of global financial stability, noting their volatility […]
Speculation has been swirling online that the FTX bankruptcy estate will begin distributing reimbursement funds to creditors and customers on September 30. However, this information is inaccurate, as no reimbursement plan has been given legal approval at this time. As per the most recent Chapter 11 filing, the next court hearing to confirm the restructuring […]
Bitcoin’s price is poised to benefit from the upcoming U.S. presidential election, no matter who wins, according to CK Zheng, the chief investment officer at ZX Squared Capital. Historically, Bitcoin has seen strong fourth-quarter gains following its halving events, and this trend is expected to continue. Zheng pointed out that both U.S. political parties have […]
Binance founder and former CEO Changpeng “CZ” Zhao was released from a U.S. federal prison on September 27 after completing a four-month sentence related to Anti-Money Laundering (AML) violations, according to a spokesperson from the U.S. Federal Bureau of Prisons, as reported by Cryptografos. CZ had entered a guilty plea in November, admitting to federal […]
The Crypto Fear & Greed Index recently surged to its highest level since July, staying above the 60 mark for two consecutive days. As of the update on September 28, the index hit 64, entering the “Greed” range while Bitcoin briefly climbed to around $66,000, according to CoinMarketCap. This index is designed to quantify the […]
Cantor Fitzgerald CEO Howard Lutnick appeared on Fox Business on Sept. 27, advocating for Bitcoin as a commodity and urging regulators to approach it similarly to other commodities like gold and oil. During an interview on Mornings with Maria, Lutnick stressed that Bitcoin’s status as a commodity is already recognized and that more regulatory clarity […]
The odds of a significant crypto rally in the fourth quarter are looking strong, especially with Bitcoin’s recent surge past the $65,000 mark, according to a leading crypto expert. Altcoin FOMO returns as Bitcoin reaches $65,000 Markus Thielen, head of research at 10x Research, highlighted in a report dated Sept. 27 that a fourth-quarter rally […]
The Securities and Exchange Commission (SEC) has officially granted approval for the Bank of New York Mellon Corp (BNY) to expand its custody services for crypto assets beyond just crypto-based ETFs. SEC Chair Gary Gensler made this announcement on Thursday during a speech at the Federal Reserve Bank of New York. BNY Mellon, which oversees […]