Two crypto provisions addressing anti-money laundering issues were removed from a joint version of the National Defense Authorization Act, a military funding bill considered a must-pass bill, ending a backdoor effort to pass digital asset regulations this year. Us
Author: Crypto Flexs
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Market • December 8, 2023 11:58 AM EST Posted 1 minute ago In ~ bitcoin BTC +1.86% Stocks rose on Friday after new U.S. jobs data strengthened hopes that the Federal Reserve’s current monetary policy could achieve a “soft landing” for the nation’s economy.The Bureau of Labor Statistics released better-than-expected data for November, showing U.S. employers added 199,000 jobs last month. This is an increase in job growth compared to October. This data can give Fed officials confidence that current monetary policy is on track to curb inflation without triggering a recession.Bitcoin was up 1% at 11:30 a.m. ET. change…
In a significant development for the blockchain data-oracle project, Chainlink (link) has seen significant response to its enhanced cryptocurrency staking program, accumulating $632 million worth of LINK tokens in a very short period of time. the company announced A recent press release highlighted ‘overwhelming demand’ during Early Access, with the staking limit being met in just six hours. Chainlink releases staking v0.2 Chainlink, recognized as the industry standard decentralized computing platform, has released Chainlink Stake v0.2, the latest upgrade to the protocol’s underlying staking mechanism. The Early Access phase has begun. eligible participant You can stake up to 15,000 LINK…
The meme coin market has recently seen fierce competition between two cryptocurrency protagonists: Pepe the Frog and a dog coin named BONK. While both tokens have seen incredible growth, BONK currently reigns as the third-largest meme coin, while a resurgent PEPE is hoping to leapfrog up the charts. key point PEPE coin price has surged 40% over the past week and 60% of holders are currently making profits. Active addresses and transactions also increased. BONK rose 30% in 24 hours, overturning PEPE to become the third-largest meme coin by market capitalization, behind Dogecoin and Shiba Inu. BONK and Solana each…
Regulatory and Legislative Update – November 2023December 8, 2023Demetrios TseasRegulatory and Legislative Analysis – GLOBALFATFThe Financial Action Task Force (FATF) is a global money lau… More to provide countries with enhanced tools to more effectively freeze, seize and confiscate criminalA Criminal is an individual or group who has been convicted … More propertyDuring its fourth Plenary in Paris (Oct 25-27) the Plenary agreed on major amendments to the FATF Recommendations that will provide countries with enhanced tools to more effectively freeze, seize, and confiscate criminal property, both domestically and through international cooperation. The revised Recommendations require countries to have policies…
A US senator said Congress should regulate the cryptocurrency industry “with light measures that do not stifle American innovation.” Cryptocurrencies “have the potential to disrupt much of the traditional banking model,” he said.He emphasized that cryptocurrency regulation must be appropriate to avoid forcing companies overseas. ‘Must be regulated with a light touch’ Senator Bill Hagerty (R-TN), a member of the U.S. Senate Banking and Foreign Affairs Committee and former U.S. Ambassador to Japan, criticized JPMorgan CEO Jamie Dimon’s controversial comments on Bitcoin and cryptocurrencies in an interview with Bloomberg and social media posts. I mentioned the remarks. Platform X on…
Oasys and Fireblocks join forces to make asset management easier for Web3 game developers – Chainwire housenewsroomOasys and Fireblocks team up to make asset management easier for Web3 game developers. We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic…
While Bitcoin and cryptocurrency momentum has been cooling recently, Ethereum (ETH) is specifically rejecting lower lows against Bitcoin (BTC). Decentralized Finance (DeFi) researcher DefiIgnas chooses X on December 8 shared Insights that suggest ETH could potentially be on the verge of a rally that would see the second most valuable coin unseat BTC as the best performing asset. Reasons that could boost Ethereum’s strength The researcher observed that ETH is down 24% compared to BTC in 2023. However, several fundamental indicators show that this will soon change. First, DefiIgnas noted that cryptocurrency investors are increasingly attracted to the discounted Grayscale…
Data from the Deribit derivatives exchange shows that the number of open calls versus puts on Ethereum options open interest is increasing ahead of their expiration date in late January. This means many investors expect prices of digital assets to rise in early 2024, one analyst said. “If you look at Ether expirations at the end of the year, the put-call ratio is 0.44, which means a ratio of 4.4 puts for every 10 calls. However, in January 2024, the ratio is 0.19, meaning 2 puts for every 10 calls,” Deribit Chief Commercial Officer Luuk Strijer told The Block:A put-to-call…
Few innovations in finance and technology have captured the world’s attention as dramatically as Bitcoin. Often referred to as “digital gold,” this digital currency has revolutionized the way we think about money, transactions, and financial systems.This article provides a comprehensive exploration of the Bitcoin phenomenon and delves into its origins, technology, impact on financial inclusion, regulatory issues, investment strategies and Bitcoin’s potential role in shaping the future of finance. aims to do so. Also, if you want to learn about investing, you can visit investment education companies through: Instant Turbo Website.Birth of BitcoinBitcoin’s journey began in 2008 when a mysterious…