A bipartisan group of members from the U.S. House of Representatives called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law in November around the definition of “broker”. In a Wednesday letter, House Financial Services Committee ranking member Patrick McHenry and ten other representatives urged Yellen to reference
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Polygon (MATIC), one of the top-ranking cryptocurrency, performed well on Jan. 26, as its price rose almost 17% to an intraday high of $1.825. The gains surfaced amid a synchronous rebound across the crypto market that started on Jan. 24. Detail: Traders and investors poured over $250 billion into digital assets. This benefited Bitcoin (BTC), Ether(ETH)
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Bitcoin (BTC), and many other altcoins, have retreated from their high support levels. But could this rally continue to the point that traders are confident that there is a bottom?  Bloomberg Intelligence senior commodity strategist Mike McGlone said that Bitcoin’s price is “about 30% below its 20-week moving average,” roughly at the same position, which
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The U.S. Securities and Exchange Commission extended its approval window for the ARK 21Shares Bitcoin exchange traded fund that was originally proposed in July 2021. According to a Tuesday SEC filing, the regulatory body will extend the deadline to approve or disapprove the ARK 21Shares cryptocurrency ETF to February 2, for an additional 60-days, and
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Six years after its entry on the market, TrumpCoin has been criticized by the Trump dynasty. On Jan. 25, Donald Trump’s second son Eric threatened legal action against the TRUMP cryptocurrency for allegedly using his family’s name fraudulently. Fraud Alert: It has come to our attention that someone is promoting a crypto currency called “TrumpCoin” (Symbol 
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In a letter to the leadership of the United States House Financial Services Committee, ranking member Patrick McHenry took a jab at “inconsistent treatment and jurisdictional uncertainty” inherent in U.S. crypto regulation and called for the Committee to take on its critical issues. McHenry, a Republican representing North Carolina, opened by mentioning that the Committee’s
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The ongoing drama between two projects based on the Cardano (ADA blockchain) escalated over multiple social media platforms Monday to the dismay and surprise of the ADA community. CardStarter accelerator announced that it would be launching its own decentralized exchange in April. Shortly thereafter, its founders incentivized investors to provide liquidity for the project on Uniswap
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Since 2022, the pain trade is an unsightly sight on the cryptocurrency market. In the last 24 days, Bitcoin (BTC), altcoins prices have dropped. This has led some analysts to believe that there may be a bearish market. Despite traders being concerned that another prolonged crypto winter may be coming, investors can take advantage of
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If recent efforts to ban legislators from investing in stocks are successful, Congresspeople who are currently trading or hoarding crypto currency may be forced to quit. In a Monday letter addressed to Speaker Nancy Pelosi and Minority Leader Kevin McCarthy, 27 members of the U.S. House of Representatives called for action “to prohibit members of
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All cryptocurrencies other than Bitcoin (BTC) were first described as altcoins for a single reason: There was a rise of projects that copied and pasted Bitcoin’s source code. The cryptocurrencies in the early stages weren’t unique enough to have a distinctive term, so “altcoin” (alternative coins) best fit their description. The community, at that point,
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Bitcoin (BTC), as well as most other altcoins, continues to be a bloodbath. On Jan. 21, there was a $200 billion drop in market capitalization.  A new report by Huobi Research, in collaboration with Blockchain Association Singapore, forecast Bitcoin to enter a bear market in 2022. The U.S. Federal Reserve, other central banks around the world,
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Last week, Pakistan’s Sindh High Court held a hearing on the legal status of digital currencies that might lead an outright ban of cryptocurrency trading combined with penalties against crypto exchanges. Several days later, the Central Bank of Russia called for a ban on both crypto trading and mining operations. These two countries could join the growing
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Bitcoin (BTC), despite recent losses, refused to stop Jan. 22, as the predictions of a flight up to $33,000 or lower seemed increasingly likely. BTC/USD 1-hour candlechart (Bitstamp). Source: TradingView. Open interest is “still not flushed.” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fell through $35,000 during the first half of Saturday.
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Every Saturday Hodler’s DigestThis will allow you to keep track of every important news story from this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories of the Week NFT-focused Animoca Brands valued At $5B after $358M Raised
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