Crypto lending company Nexo Capital will pay a $500,000 to California’s financial regulator over allegations it issued thousands of loans to state residents without properly assessing their ability to repay. The California Department of Financial Protection and Innovation (DFPI) said on Wednesday that Nexo made at least 5,456 consumer and commercial loans to Californians without…
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Bitcoin will likely reach new all-time highs despite poor performance against gold and tech stocks last year, according to BitMEX co-founder Arthur Hayes, citing the potential expansion of monetary conditions. “If gold and the Nasdaq have the juice, how is Bitcoin going to get its groove back? Dollar liquidity must expand for that to happen,”…
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Major US crypto exchange Coinbase says it has withdrawn its support for the Digital Asset Market Clarity Act, with CEO Brian Armstrong arguing that it would cause far more harm than good to the crypto industry in its current form. “This version would be materially worse than the current status quo. We’d rather have no…
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Bitcoin’s price could be heading for the psychological $100,000 level after breaking above $95,000 on Tuesday, with analysts attributing the recent rally to a surge in spot buying. “Seems like this rally on Bitcoin is led by spot buying,” crypto analyst Will Clemente said in an X post on Tuesday. Over the past 24 hours,…
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Jan3 founder Samson Mow anticipates billionaire investor and Tesla CEO Elon Musk will aggressively move into Bitcoin in 2026. It was one of five bold Bitcoin (BTC) predictions from Mow for 2026, coming off a year where several Bitcoin forecasts from prominent crypto executives missed the mark. “@elonmusk goes hard into BTC,” Mow said in…
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US investment bank Morgan Stanley may be positioning itself so that even if its newly announced spot Bitcoin exchange-traded fund (ETF) underperforms, it will still deliver strategic benefits across the firm, according to ProCap chief investment officer Jeff Park. “Morgan Stanley is making the bet that even if their ETF doesn’t scale to blockbuster success,…
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Bitcoin’s price may stay flat in the first quarter of 2026, even though historical trends suggest otherwise, says CryptoQuant CEO Ki Young Ju. “Capital inflows into Bitcoin have dried up,” Ju said on Wednesday, adding that investor interest has returned to “stocks and shiny rocks” as the price of gold and silver have skyrocketed. Ju…
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The bank lobby’s requested changes to the stablecoin-regulating GENIUS Act could undermine competition and weaken the US dollar’s global position, crypto executives and industry groups have claimed. Crypto advocacy group the Blockchain Association said on Tuesday that a bid to lawmakers by a group of community bankers to ban issuers from offering yield to tokenholders…
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The Digital Asset Market Clarity Act, which is set to provide the US crypto industry with more regulatory clarity, will head to the Senate for deliberation next week, according to US Senator Tim Scott. “Next Thursday, we’ll have a vote on market structure,” Scott told Breitbart News on Tuesday. “It’s important for us to get…
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Despite Bitcoin’s history of volatility during geopolitical tensions, its price is unlikely to fall in the coming days following the US strike on Venezuela, according to a crypto analyst. “I don’t think we’ll see a widespread correction based on the attack in Venezuela on Bitcoin,” MN Trading Capital founder Michael van de Poppe said in…
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