Lawmakers in Washington are gearing up to pass three bills for the blockchain industry in an event they have dubbed “crypto week.” The US Congress has been working on legislation that the crypto industry lobby says will help bring clarity to the industry and help it grow, primarily through two laws governing stablecoins and creating…
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The growing rift between Tesla CEO Elon Musk and US President Donald Trump turned into a gulf on July 5 when Musk announced the independent America Party, supposedly focused on Bitcoin and centrist policies. The move was catalyzed by Congress passing the Trump administration’s controversial One Big Beautiful Bill Act. According to Musk, the bill…
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On July 3, the US Congress passed into law the One Big Beautiful Bill Act. President Donald Trump’s bill offers little to the crypto industry, but it could benefit Bitcoin all the same. Trump’s budget proposal passed in the late hours of July 3 entirely along partisan lines; only two Republicans voted against the controversial…
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Zohran Mamdani won the New York mayoral primary election on June 24, which has since caused a stir among the crypto industry’s upper crust. Mamdani will face off against incumbent Mayor Eric Adams in November, and it’s clear that many in the crypto industry are uneasy about the prospect of a Mamdani victory. Executives and…
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Crypto exchanges are setting up shop in Europe and securing licenses with EU officials, bringing more competition to the regulated European market. So far this year, OKX, Coinbase, Bybit and Crypto.com have all secured licenses under the EU’s Markets in Crypto-Assets (MiCA) regulation. While it imposes strict requirements on various services in the crypto industry,…
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This month, Bitcoin’s hashrate dropped 15% amid a summer heat wave that stressed the United States’ electricity grid. Crypto hacks and exploits have racked up record numbers, costing investors and platforms $150 million in June alone. Moreover, businesses have followed the example of vocal Bitcoin (BTC) proponent and Strategy executive chairman Michael Saylor by adding…
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The US federal home loan regulator is looking into how crypto holdings could help mortgage seekers qualify for home loans. The move comes amid a decline in the number of mortgage applications in recent years as the US experiences a housing crisis. In a statement on X on June 23, Bill Pulte, head of the…
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Perpetual futures for crypto, also called perpetual swaps or perps, are gaining momentum in the United States amid concerns over risk to retail traders. Head of consumer products of Coinbase, Max Branzburg announced on June 13 that the exchange was planning to launch perps that are compliant with the Commodity Futures Trading Commission (CFTC) for…
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The US crypto industry is celebrating as the GENIUS Act, a framework for stablecoin regulation, was passed in the US Senate on June 17. The bill passed 68-30 in a bipartisan effort, roughly six weeks after Tennessee Senator Bill Hagerty introduced it to the Senate. It will now head to the House of Representatives, where…
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As the conflict between Israel and Iran escalates, Bitcoin’s (BTC) price has remained stable. A look back at previous conflicts shows a similar trend, with factors like adoption and institutional involvement playing a key role. Analysts like André Dragosch, head of research at Bitwise’s ETP platform ETC Group, have argued that Bitcoin’s price can suffer…
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