Crypto pundits are debating whether there will be a crypto rally in October — just 10 days away — after the markets went in an opposite direction on Monday. Historically, October has been one of the most reliably positive months for Bitcoin (BTC), shooting into the green 10 out of 12 times since 2013, according…
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Michigan has taken the next step for its strategic crypto reserve bill, which moved to a second reading on Thursday. The Michigan House Bill 4087, which would allow the state to invest in crypto assets under specific conditions, has moved to a second reading and was referred to the Committee on Government Operations. The legislation…
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The Trump administration is reportedly considering a slate of new candidates to lead the Commodity Futures Trading Commission as Brian Quintenz’s confirmation has stalled. New candidates being discussed include Michael Selig, chief counsel to the Securities and Exchange Commission’s crypto task force and former asset management attorney and Tyler Williams, Treasury counselor on digital asset…
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A “third mandate” from the US Federal Reserve could change long-term monetary policy if actioned, which could be bad news for the dollar but good news for crypto. The Fed has long been considered to have a dual mandate — price stability and maximum employment — but President Donald Trump’s pick for Fed governor, Stephen…
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Bitcoin and Ether are set for a huge rally in the fourth quarter this year thanks to easing monetary policy in the United States, according to Fundstrat co-founder and BitMine chairman Tom Lee. Monetary liquidity sensitivity and global central banks’ easing, along with strong seasonality will drive Bitcoin (BTC) and Ether (ETH) prices, said Lee…
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Innocent people and businesses have reportedly been caught in the crossfire as Thai banks froze millions of accounts suspected to be “mules” for scammers over the weekend. The nationwide crackdown began in August, and weekend reports suggest that banks have frozen three million accounts and imposed daily transfer limits on all bank customers in the…
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United States President Donald Trump has filed an appeal in the case involving Federal Reserve Governor Lisa Cook ahead of a key interest rate decision by the central bank this week. Lawyers representing the Department of Justice on behalf of the president have appealed against a preliminary injunction issued by the district court on Sept.…
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Bitcoin bull market indicators have turned predominantly bearish despite Bitcoin registering a slight recovery on Friday to $116,000, according to CryptoQuant. Eight out of ten of the CryptoQuant Bull Score Index indicators are flashing bearish for Bitcoin, and “Momentum is clearly cooling,” CryptoQuant analyst JA Maartun said on Thursday. The blockchain analytics platform’s bull score…
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Cboe Global Markets plans to launch “continuous futures” contracts for Bitcoin and Ether, bringing a popular trading product from decentralized finance onto US markets. Cboe Global Markets, a derivatives exchange under the Chicago Board Options Exchange, said on Tuesday that it will launch the product on Nov. 10, pending regulatory review. The continuous futures in…
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Bitcoin whales have sold a whopping $12.7 billion in Bitcoin over the past month, and continued sales could further pressure its price for the next few weeks, according to analysts. “The trend of reducing exposure by major Bitcoin network players continues to intensify, reaching the largest coin distribution this year,” observed CryptoQuant analyst ‘caueconomy’ on…
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