Key takeaways: A minor 4.3% Bitcoin price increase to $69,600 could trigger over $600 million in forced liquidations for bearish traders. Rising network hashrate and the BIP-360 quantum security proposal are helping to diminish long-term technical concerns. Bitcoin (BTC) has remained confined within a relatively tight range of $65,900 to $70,500 over the past week.…
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The prediction market’s Dutch arm, Adventure One, allegedly offered illegal bets, including on elections in the Netherlands. The Netherlands Gambling Authority said it imposed a penalty on prediction markets platform Polymarket’s Dutch arm, Adventure One, for offering gambling to residents without a license. In a Tuesday notice, Dutch authorities ordered the Polymarket company to “cease…
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The United States Supreme Court ruled on Friday that President Donald Trump could not use national emergency powers to levy tariffs during peacetime. US President Donald Trump announced a 10% global tariff on Friday following the Supreme Court’s ruling striking down his authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). Trump…
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The Supreme Court of the United States (SCOTUS) issued a ruling on Friday striking down most of US President Donald Trump’s tariffs, with six of the nine Supreme Court justices ruling that the Executive Branch lacks authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). “IEEPA does not authorize the President to…
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Key points: Bitcoin bulls are struggling to sustain the intraday rallies, indicating that every minor rise is being sold into. Select major altcoins are showing weakness, signaling a drop to their strong support levels. Bitcoin (BTC) bulls pushed the price above $68,300 but are struggling to maintain the higher levels. BTC is likely to record…
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Bitcoin’s mining difficulty jumped about 15% to 144.4 trillion on Feb. 20, according to CoinWarz data, reversing an 11% drop earlier this month that marked the sharpest decline since China’s 2021 mining ban. The earlier decline followed a sharp drop in hash rate after severe winter storms swept across much of the United States, disrupting…
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Bitcoin (BTC) saw choppy price action after Friday’s Wall Street open as markets reacted to the US Supreme Court decision on President Donald Trump’s trade tariffs. Key points: The US Supreme Court rules that certain US tariffs are illegal, sparking a modest risk-asset response. US inflation data further cuts market hopes of a March interest-rate…
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Crypto treasury executives are calling on the Basel Committee on Banking Supervision (BCBS), an international banking regulatory body, to revise the 1,250% risk weight for Bitcoin and other cryptocurrencies under the Basel III framework. The 1,250% capital requirement means that banks must back any Bitcoin (BTC) on their balance sheets at a 1:1 ratio with…
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A US federal judge in Tennessee has temporarily blocked the state from enforcing its gambling laws against prediction markets operator Kalshi’s sports event contracts. The ruling, issued by Judge Aleta Trauger of the US District Court for the Middle District of Tennessee on Thursday, allows Kalshi to continue offering sports-related event contracts to users in…
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As cryptocurrency is becoming increasingly intertwined with the traditional financial world, it’s also forming the foundation of a parallel, shadow financial system. A January report from TRM Labs found a surge in illicit or illegal crypto use to an all-time high of $158 billion. This included a massive increase in crypto flows related to sanctions…
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