Key points: Bitcoin remains stuck in a narrow range, suggesting a breakout could be around the corner. The FOMC minutes and Federal Reserve interest rate decision could set the tone for crypto’s next steps. Bitcoin (BTC) continues to trade near the $120,000 resistance, indicating that the bulls have kept up the pressure. Although Bitcoin is…
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US President Donald Trump’s crypto working group has reportedly urged federal regulators to clarify trading rules for digital assets as part of a broader effort to ease the adoption of new financial products, highlighting the White House’s increasing focus on the blockchain economy following the passage of three separate crypto bills earlier this month. The…
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Key takeaways: A surprise Federal Reserve interest rate cut could reduce the appeal of fixed income, pushing some capital toward assets like Bitcoin. Bitcoin benefits from loose monetary policy as excess liquidity and strong macro conditions boost risk appetite. Bitcoin (BTC) could rally above $140,000 if the United States Federal Reserve (Fed) delivers a surprise…
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Sui Research has introduced a cryptographic framework that could offer protection against quantum computing threats without requiring hard forks, address changes or key updates. Cryptographer Kostas Chalkias wrote in a Monday X post that the recent research paper he co-authored with Sui Research constitutes “a major breakthrough in quantum transition of ‘some’ blockchains.” He explained…
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Crypto market analysts are optimistic as July winds to a close, and Bitcoin reserves on crypto exchanges are down 2% on the month. This is a bullish signal. A decrease in exchange reserves indicates people are taking their Bitcoin (BTC) off exchanges and holding it, anticipating the price to go higher. While 2% on the…
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What is Japan’s new proposed tax structure? And how does it compare to the prevailing tax structure? Crypto investors in Japan are bracing for a major tax shake-up in the country. On Jun. 24, Japan’s Financial Services Agency (FSA) proposed classifying crypto assets as financial products, similar to equities, bonds, etc. This reclassification would put…
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Twenty One Capital is reportedly exploring a strategy that would allow it to issue US dollar loans backed by Bitcoin collateral, Bloomberg reported Wednesday, citing a person familiar with the matter. “Optionality is wealth; for us everything is on the table because we think we can do anything,” a spokesperson for the crypto company reportedly…
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Corporations and Wall Street entities are starting to recognize Ether as the next emerging treasury asset as the world’s second-largest cryptocurrency and blockchain network celebrates its 10th anniversary on Wednesday. Ethereum went live on July 30, 2015, introducing smart contract functionality and laying the foundation for the decentralized finance (DeFi) ecosystem. The network has maintained…
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The Hong Kong Monetary Authority (HKMA) will implement a six-month transition period with special rules as part of its new framework for stablecoins, which is set to take effect on Friday. According to a Wednesday report by local news outlet Radio Television Hong Kong, the HKMA will introduce a six-month transitional arrangement as the new…
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The US Department of Justice is not investigating Dragonfly Ventures or its executives over the venture company’s past investment in Tornado Cash, according to Haseeb Qureshi, Dragonfly’s co-founder and managing partner. The DOJ reportedly revealed during a Monday trial that it is not targeting Dragonfly in its investigation, Qureshi said in a Tuesday post on…
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