Bitcoin bulls tend to celebrate when BTC’s funding rate is negative, but is this really a “generational buying opportunity”?
Author: Crypto Flexs
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Chief Prosecutor Adrian said: “It is important that investigators and prosecutors have the ability and agility to keep pace with the changing nature of crime, and these new measures will greatly aid our ability to deter, freeze or remove cryptocurrency assets from illicit enterprises. “It will be this,” he said. Place your poster in your press release.
Bitcoin price failed to recover above the $65,500 resistance level. BTC is trending lower again and is at risk of falling further below $63,000. Bitcoin began another downtrend after failing to break above the $65,500 resistance zone. The price is trading below $64,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a bearish trend line attached, forming at resistance $64,500. A daily close below the $63,000 support could lead the pair to move lower. Bitcoin Price Faces Hurdles Bitcoin price began its recovery at the $62,750 support zone. BTC was…
Franklin OnChain FOBXX investors can now transfer the fund’s BENJI tokens directly to each other without the need for an intermediary. Franklin Templeton is competing with BlackRock’s Ethereum-based BUIDL fund in the tokenized asset niche. Franklin Templeton maintains a 32% market share. In a move that represents a significant advancement in the realm of digital asset management, Franklin Templeton announced the tokenization of US government funds on the Polygon and Stellar blockchains. By embracing blockchain technology, Franklin Templeton aims to enable peer-to-peer transfers for shares of the Franklin OnChain US Government Fund (FOBXX) using the BENJI token. One BENJI security…
Funding • April 25, 2024 11:59 PM EDT Posted 1 minute ago In ~ Fidelity’s physical Bitcoin exchange-traded fund saw daily net outflows of $22.61 million on Thursday, according to SoSoValue data, making it the first day the ETF has seen more money flow out since its listing in January. Several other US Bitcoin funds reported daily outflows totaling $217.58 million. Grayscale’s convertible ETF lost $139.37 million, while funds from Ark Invest and 21Shares lost $31.34 million. SoSoValue data showed it Valkyrie’s fund suffered a loss of $20.16 million, while Bitwise recorded an outflow of $6 million.Franklin Templeton’s EZBC was…
While the top memecoins are a far cry from their previous highs, retail investors may see them as a fairer opportunity than fully diluted highly valued VC-backed coins.
The FBI today issued a public service announcement warning Americans to avoid using unregistered and non-Know Your Customer (KYC) cryptocurrency transfer services.Just in: 🇺🇸 FBI warns Americans against using non-KYC #Bitcoin There are cryptocurrency remittance services, etc. pic.twitter.com/BkSuG6MiCE— Bitcoin Magazine (@BitcoinMagazine) April 25, 2024 The announcement, identified by alert number I-042524-PSA, urged Americans to engage only with registered money service businesses (MSBs) that comply with anti-money laundering (AML) regulations.Under US federal law, cryptocurrency remittance services must register as an MSB and comply with AML requirements (31 USC § 5330; 31 CFR §§ 1010; 1022). Failure to comply could result in…
The FBI’s recent announcement urging Americans not to use unlicensed money transfer services misses “considerable nuance” about how cryptocurrency services operate, says Piper Alderman partner Michael Bacina.
ConsenSys filed a lawsuit on April 25th alleging that the U.S. Securities and Exchange Commission (SEC) abused its authority to regulate Ethereum (ETH).The lawsuit alleges that the SEC aims to unlawfully regulate Ethereum through enforcement actions against various companies, including Consensys, and that this constitutes “aggressive and unlawful” excesses.Consensys plans to prove that the SEC lacks the legal authority to regulate ETH, its user-controlled software interface, or the Ethereum blockchain more broadly.Consensys wants the court to declare that Ethereum is not a security and that the company does not operate MetaMask to act as a broker or sell securities. It…
Ethereum price is attempting to recover above the $3,125 area. For ETH to continue rising in the near term, the resistance at $3,200 needs to be cleared. Ethereum extended losses and tested the $3,075 support area. The price is trading below $3,180 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major ascending channel forming with support at $3,140. The pair could continue to fall if it trades below the $3,125 support. Ethereum price faces resistance Ethereum price struggled to recover and extend losses below the $3,100 level. ETH traded as low…