Author Archive for: GRYZUoDLu7t8z22
Entries by GRYZUoDLu7t8z22
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass
Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress.Source
DeFi Platform Conic Finance’s CNC Token Surges 50% as the Protocol Plots Comeback After Hack
Conic Finance was hacked in July draining roughly $3.6 million worth of ether from the protocol.Source
U.S. Presidential Candidates Chat About Crypto, Target Federal Regulators
The three aspiring presidents touched on many of the same pro-crypto points at a Coinbase-linked crypto advocacy event.Source
Cathie Wood’s ARK Invest Offloads Nearly $13M Worth of Grayscale Bitcoin Trust Shares
Digital asset manager Grayscale’s bitcoin investment vehicle’s shares fell 8.6% Monday, reflecting the day’s 5.8% drop in bitcoin.Source
China to Verify Citizens’ Identities With New Blockchain-Based Platform
The announcement follows a government rule change to require social media influencers to display their real names.Source
World’s First Bitcoin Bonds Receive Regulatory Approval in El Salvador
The bonds are expected to launch in Q1 of 2024, several posts amplified on social platform X by President Nayib Bukele suggest.Source
Bitcoin, Ether Drop Spurs $500M in Liquidations, But BTC Entering “Never Seen Before” Era
“Due to the rise of Ordinals and Bitcoin L2s, there are reasons to be bullish on the Bitcoin ecosystem. We are entering an era of Bitcoin that we have never seen before,” one market watcher told CoinDesk.Source
Bitcoin Dips 7% to Near $40K; Pullback Will Be Short-Lived, Say Experts
Bitcoin endured its worst daily drawdowns in 4 months, dipping over 7% to nearly $40,000. $XRP, $LINK, $ADA declined 8%-10%.Source
Explaining Bitcoin’s ‘Flash Crash’
The cryptocurrency’s volatility cuts both ways.Source