Republican lawmakers are digesting Treasury Department recommendations that would give them more tools to tighten their grip on the cryptocurrency industry.Rep. Tom Emmer, a member of the House Financial Services Committee, accused the agency of having a messiah complex when asked about the plan at the Blockchain Association Policy Summit on Thursday.”I’ve always had this attitude: Beware of the self-proclaimed savior who comes on a white horse and says I’m here to protect you,” Emma said. The Treasury Department sent lawmakers this week recommendations on new sanctions and strengthening its authority on dollar-backed stablecoins. Deputy Minister Worley Adeyemo said “dollar-backed…
Author: Crypto Flexs
Read More
Ethereum price adjusted below $2,050. ETH is currently consolidating above the $2,020 support and could start a fresh increase in the near future. Ethereum is still struggling to break above the $2,075 and $2,080 resistance levels. The price is trading below $2,050 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a break has occurred below a key bullish trendline with support at $2,040. A break above the 100-hour simple moving average and then $2,075 would provide bullish momentum. Ethereum price adjustment profit Ethereum price struggled to break the $2,075 resistance zone. The…
The U.S. Securities and Exchange Commission (SEC) has issued a request for comment on Fidelity’s application for a spot Ethereum exchange-traded fund (ETF). “The Commission is publishing this notice to solicit comments from interested parties regarding the proposed rule change,” the statement declared. SEC Wants Public Comments on Fidelity’s Application In a recent court filing, the SEC urged individuals interested in expressing their opinions on the Fidelity spot Ethereum ETF application to do so through various channels. “Interested persons are invited to submit written data, views and arguments related to the foregoing, including whether the proposed rule changes are consistent…
partThere are more ways than ever to do your holiday shopping with cryptocurrency, and more places to do it. Although more merchants are accepting direct cryptocurrency payments every day, cryptocurrency can also be accepted at stores and brands that don’t offer BitPay’s extensive shopping options, such as gift cards and Bill Pay. Make the holidays a little easier this year by shopping with cryptocurrency.The holiday season is well underway. That means celebrating with family and friends, eating way too much food, and, of course, shopping for holiday gifts. Finding the perfect gift for your loved ones during the holidays can…
Circle publicly refuted claims of improper banking relationships and financing of illegal activities in a detailed response to concerns raised by Senators Elizabeth Warren and Sherrod Brown. The Nov. 30 letter, written by Dante Disparte, Circle’s chief strategy officer, is in response to allegations from the Campaign for Accountability, which accused Circle of facilitating illicit financial activity, including Justin Sun’s banking operations and financing of Hamas. The Campaign for Accountability, led by Michelle Kuppersmith, based its claims on studies and reports suggesting links between Circle and Sun. But Circle’s answer is clear. They have no current accounts for Sun or…
The cryptocurrency whale, which has amassed massive amounts of Chainlink (LINK) over the past two months, is now making another big move, on-chain data shows. According to blockchain tracking service Lookonchain, the deep-pocketed investor held a massive holding of 11 million LINK using 81 different wallets. Now the whale is just moving 1.92 million LINKs on leading cryptocurrency exchange Binance. “Whale, which accumulated approximately 11 million LINK ($80.32 million) across 81 wallets in September and October, began depositing LINK to Binance on November 22. The whale deposited 1.92 million LINK ($27.8 million) on Binance and will earn approximately $14 million…
Ethereum’s staking pool dynamics have undergone significant changes amid rumors surrounding legal troubles between Binance and CZ and increased regulatory scrutiny of centralized exchanges. There has been a noticeable change in the dynamics of Ethereum staking pools over the past few weeks, indicating a significant slowdown in validator growth rates. This change resulted in a decrease in the daily issuance of Ethereum (ETH), which was directly affected by the amount of ETH actively staked in the pool. Ethereum Validator Exodus: What’s Happening? According to Glassnode’s analysis, there has been a high level of daily validator churn of approximately 1,018 validators…
Iota, an open source distributed ledger focused on the Internet of Things (IoT), saw its Iota token rise 43% on November 29 after announcing the establishment of the Iota Ecosystem DLT Foundation and registration in the capital city of Abu Dhabi. . United Arab Emirates. This makes Iota the first regulated distributed ledger technology foundation for the Abu Dhabi Global Market.According to the project’s press release, the foundation plans to seed $100 million in IOTA tokens that will be awarded over four years. Traders clearly saw this announcement and funding plan as a near-term bullish catalyst. Historically, ecosystem and developer…
Bitcoin price again failed to break the $38,500 resistance zone. BTC is consolidating above its 100 hourly SMA and may attempt another increase. Bitcoin still faces significant resistance near $38,500. The price is trading above $37,400 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trendline forming with support near $37,350. The pair may make another attempt to clear the $38,500 resistance level unless it falls below $37,350. Bitcoin price maintains support Bitcoin price remained above the $37,500 support area. BTC rose above the $38,000 level and made…
Bitcoin’s rally is facing a major headwind near $38,000. Repeated failures to remove overhead obstacles trigger the corrective phase. During this, buyers regroup at lower levels and try to attack resistance levels again. On the other hand, bears are trying to pull the price below important support levels and begin a deeper downtrend. A fight between the two in the coming days is likely to increase volatility. Investors are ignoring near-term uncertainty and focusing on two big events in 2024: the Bitcoin halving in April and the Securities and Exchange Commission’s Bitcoin exchange-traded fund spot decision in January. Cryptocurrency exchange-traded…