The U.S. House of Representatives approved the FIT21 bill with a majority of 279 to 136 and submitted it to the Senate. The initial approval of the Financial Innovation and Technology Act of the 21st Century (FIT21) could have a major impact on the cryptocurrency market, signaling optimism across the market. This bill is an important step toward comprehensive regulation of digital assets in the United States and will potentially shape the future of cryptocurrency trading and investing. What is FIT21? The FIT21 bill, authored by the House Agriculture Committee and the House Financial Services Committee, aims to clarify how…
Author: Crypto Flexs
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The price of Ether (ETH) has surged more than 26% over the past two days, trading at highs not seen since March 15, as expectations rise that a spot Ethereum ETF will be approved in the United States.ETH/USD daily chart. Source: TradingViewSince reaching $3,800, ETH price has declined slightly, but spot Ethereum ETF approval prospects, fundamentals, and on-chain indicators suggest that the altcoin upward trend remains intact.Ethereum’s upward trend is supported by increased open interestOne factor supporting Ether’s upward trend is the increasing long positions of ETH in the futures market. According to data from on-chain market intelligence firm CryptoQuant,…
In the 1880s and 1890s, the competition between Edison and Tesla was so fierce that their egos alone could power a small city. Edison, a DC fanatic, even publicly used a shocking animal to bash Tesla’s AC. Even though Tesla’s AC ultimately proved to be the superior of the two, Edison’s showmanship and secretive tactics led to Tesla’s ultimate ruin and discredit, and Edison is still considered one of the world’s greatest inventors. Rewrite the mistakes of the past in a thrilling new adventure in Play’n GO, Spark of Genius slot. a thrilling adventure Spark of Genius slot is unlike…
Majuro, Marshall Islands, May 22, 2024, Chainwire multi poolA leading innovator in the blockchain and cryptocurrency industry fjord foundry On May 21, LBP raised $200,000 in the first 24 hours. Making waves in the cryptocurrency industry, Multipool is playing a leading role in the market transforming the trading landscape for real-world assets (RWA) and cryptocurrencies. “We are thrilled with the strong response from the community so far. Fjord Foundry reached $200,000 on its first day. We’ve had a fantastic start at LBP and I’m looking forward to seeing how far we go in the next 48 hours. Please continue to…
It seems to be an Nvidia world these days. Everyone in technology and the exploding AI industry lives in it. Between timely market entry, cutting-edge hardware research, and a robust software ecosystem geared toward GPUs, the company is dominating AI development and the stock market. Its latest earnings report, released later today, showed that quarterly revenue tripled, further boosting the stock price.Nonetheless, longtime rival chipmaker AMD is still working hard to gain a foothold in AI, telling builders behind key technologies in the nascent space that the work can also be done on AMD hardware.“We wanted to remind everyone that…
The U.S. House of Representatives has passed a cryptocurrency market structure bill aimed at regulating the industry as a whole, marking the first time a comprehensive cryptocurrency bill has been voted on by the full House.The House voted 279 to 136 Wednesday to pass the Republican-led Financial Innovation and Technology for the 21st Century Act (FIT21). 71 Democratic lawmakers voted to support the bill, including former House Speaker Nancy Pelosi (Calif.). “FIT21 is the first step toward establishing a regulatory framework for digital assets, and we must work with the Senate and the Administration to improve it,” Pelosi said in…
One widely respected analyst believes the cryptocurrency market is on the verge of witnessing the next phase of its bull cycle. The pseudonymous analyst Kaleo told his 639,700 followers on social media platform X that the real bull market hasn’t even started yet. A cryptocurrency strategist says Bitcoin (BTC) is currently in a post-halving accumulation phase as it prepares to rebound towards its upside target of up to $200,000. “The bullish side of each major bull market has seen a significant decline in terms of growth rates since the halving, with each all-time high (ATH) movement down ~3.5x from the…
Have you been watching from the sidelines, waiting for the perfect cryptocurrency investment? The moment has finally arrived! MBAG Coin pre-sale is now live and is the most awaited cryptocurrency event of the year. With its unique features and special benefits, the MoonBag cryptocurrency will provide early investors with an exciting and profitable journey. The MoonBag pre-sale created a huge buzz, and it’s easy to see why. With the coin price being only $0.0005, this is an opportunity you can’t miss. This is more than an investment. This is your ticket to enter the premium cryptocurrency community. Let’s take a…
Majuro, Marshall Islands, May 22, 2024, Chainwire multi poolA leading innovator in the blockchain and cryptocurrency industry fjord foundry On May 21, LBP raised $200,000 in the first 24 hours. Making waves in the cryptocurrency industry, Multipool is playing a leading role in the market transforming the trading landscape for real-world assets (RWA) and cryptocurrencies. “We are thrilled with the strong response from the community so far. Fjord Foundry reached $200,000 on its first day. We’ve had a fantastic start at LBP and I’m looking forward to seeing how far we go in the next 48 hours. Please continue to…
VeChain, a leading global company in the blockchain sector, announced the mainnet launch of its VeBetterDAO platform. According to a blog post from the VeChain team, this development follows a successful testnet launch that saw significant participation and activity. About VeBetterDAO VeBetterDAO is a decentralized autonomous organization (DAO) designed to accelerate the adoption of Web3, the next step in the evolution of the Internet. In three months, the DAO platform had 18,000 B3TR holders and over 4,000 active users participating, generating a total of over 232,000 transactions. These numbers highlight the potential for using incentive-based,…