Key points: Bitcoin’s Mayer Multiple suggests that BTC is closer to “oversold” than “overbought” — even at all-time highs. The gauge has barely moved in recent months as BTC price struggles to seal a decisive breakout. Expectations no longer favor a blow-off top this month. Bitcoin (BTC) is “ice cold” at all-time highs, says a classic…
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Bitcoin holders may want to rethink their price targets for 2025, with one Bitcoin analyst arguing that $110,000 has been firmly established as Bitcoin’s new bottom. “You can kind of start lifting some of your targets and saying, “Well, because we’ve proven 110, that’s the floor, where do we go from here?” James Check said…
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A privacy coalition has urged the Irish government to abandon work on a pre-draft bill that would grant law enforcement access to encrypted messages. Ryan Polk, an author at the Global Encryption Coalition (GEC), which advocates for and defends encryption worldwide, penned an open letter on Thursday, arguing that legislation proposed by Minister for Justice…
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Financial institutions are quickly waking up to the “debasement trade,” according to commentators, which could be a boon for assets such as gold and Bitcoin. Institutions have a new concept to cling to called the “debasement trade,” which will be the thing that protects them, said entrepreneur Anthony Pompliano in a podcast on Thursday. It’s…
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Messaging app Telegram founder and CEO Pavel Durov warns that a “dark, dystopian world” is approaching, with governments worldwide rolling back privacy protections. “I’m turning 41, but I don’t feel like celebrating. Our generation is running out of time to save the free internet built for us by our fathers,” said Durov in an X…
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Despite previously supporting a crypto market structure bill, several Democratic Senators have reportedly introduced a counter-proposal that could see decentralized finance protocols placed on a “restricted list” if deemed too risky. This move, among others, it proposed could “kill DeFi,” according to its critics. The Senate Banking Committee Democrats sent a proposal to the committee’s…
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Jack Dorsey, founder of payments company Square, has urged the introduction of a de minimis tax exemption on small Bitcoin (BTC) transactions to help make the cryptocurrency more suitable for everyday payments. “We want Bitcoin to be everyday money ASAP,” Dorsey said on Wednesday, following Square’s integration of Bitcoin payment services for merchants using the…
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Bitcoin advocate Roger Ver, known to many in the crypto industry as “Bitcoin Jesus,” has reportedly reached a deal with the US Department of Justice that could allow him to avoid prison time. According to a Thursday New York Times report, Ver’s lawyers reached a tentative agreement with US authorities that would require the Bitcoin…
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The European Union should foster the development of euro-denominated stablecoins to compete with US dollar-denominated tokens, according to Pierre Gramegna, the managing director of the European Stability Mechanism (ESM), an economic crisis organization for the EU. “Europe should not be dependent on US dollar-denominated stablecoins, which are currently dominating markets,” Gramegna said at Thursday’s hearing…
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Peru’s banking regulator has authorized a pilot crypto platform, marking the country’s first regulated foray into digital assets. The project, dubbed Cryptococos, will allow select clients of Banco de Crédito del Perú (BCP) to buy and hold Bitcoin and USDC under BitGo’s custody. To participate in the pilot, users must register, prove a minimum banking…
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