Bitcoin (BTC) consolidated into the weekend as market participants stayed optimistic about further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Most still sitting on the sidelines” with Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $30,500 on April 15. The pair had finished the Wall Street trading week on a…
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Bitcoin (BTC) price rallied over 10% between April 9 and April 14, marking the highest daily close in more than ten months. While some analysts may argue the move justifies a degree of decoupling from traditional markets, both the S&P 500 and gold are near their highest levels in over six months. Bitcoin price breaks…
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South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent 9 billion won ($7 billion) to Kim & Chang — a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem. Kwon’s decision to send millions to the law firm was flagged by prosecutors as a deliberate move, which allegedly…
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The United States Attorney’s Office for the Southern District of New York has announced the sentencing for an individual who pleaded guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in 2012. In an April 14 announcement, the U.S. Justice Department said James Zhong was sentenced to one year…
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Bitcoin hit a year-to-date high at $31,000 and ETH price followed. Which altcoins will be next? Source link
Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), recently spoke out about the allegations levied against Binance, claiming that the beleaguered cryptocurrency exchange’s leadership knowingly operated outside of U.S. laws governing the exchange of commodities and futures. Speaking at a fireside chat that took place at the DeCenter Spring Conference at Princeton University…
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The United States Securities and Exchange Commission has announced it will be revisiting the proposed redefinition of an “exchange” under the agency’s rules — a move that could include crypto market participants in decentralized finance, or DeFi. In an April 14 open meeting with SEC commissioners and staff, SEC Chair Gary Gensler said the proposed…
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The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity. The International Monetary Fund (IMF) and the United States Federal Reserve…
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Bitcoin (BTC) preserved new ten-month highs at the April 14 Wall Street open as analysts kept hoping for further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $31,000 revealed as make-or-break trend line Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating around $30,700 after spiking past the $31,000 mark. The pair saw no…
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In October 2022, the European Union finalized the text of its regulatory framework called Markets in Crypto-Assets or MiCA. The final vote on the new regulation is scheduled for April 19, 2023, meaning the days of an unregulated crypto market in the EU may soon be over. The MiCA regulations introduce clear guidelines for handling…
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