At least four publicly-traded US firms announced on Tuesday that they would bulk up their crypto investments by a total of $844 million, adding to the number of corporations looking for a boost from Bitcoin and other cryptocurrencies. The largest raise on Tuesday was from the Hong Kong-based heat-and-eat meal seller DDC Enterprise Ltd, which…
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Bitcoin is still at risk of falling further, and it must hold above $102,000 to stay on track for a potential rebound, crypto analysts say. Bitfinex analysts said in a markets report on Tuesday that if Bitcoin (BTC) “can hold above the $102,000 – $103,000 region for a sustained period, it would suggest that the…
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Key takeaways: Bitcoin dropped $103,500 as traders cut risk ahead of tomorrow’s FOMC decision. Technical data points to a Bitcoin price bounce between $102,000 and $104,000. Onchain data shows mid-term holders realizing significant profits over the past month. Bitcoin (BTC) price slipped to $103,300 after traders started cutting risk ahead of the upcoming Federal Open…
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The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, is one step closer to becoming law in the US after the US Senate voted to pass an amended version of the bill. In a Tuesday vote of 68-30, a majority of the US Senate chose to pass the GENIUS Act roughly six…
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The US Securities and Exchange Commission (SEC) has opened public comments for two proposed cryptocurrency exchange-traded funds, or ETFs, from asset manager Franklin Templeton to be listed on the Chicago Board Options BZX Exchange. In separate filings on Tuesday, the SEC said it was instituting proceedings that could allow the US exchange to list and…
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The Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, now faces a key vote in the United States Congress, and the stakes for the cryptocurrency industry are high. If the US Senate, the upper chamber of the country’s Congress, passes the GENIUS Act on Tuesday, it would move the…
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Cryptocurrency exchange Coinbase is reportedly looking for the green light from US financial regulators to offer tokenized stock trading to its users. According to a Tuesday Reuters report, Coinbase’s chief legal officer, Paul Grewal, said the company was seeking Securities and Exchange Commission (SEC) approval to offer “tokenized equities,” potentially competing with other trading platforms…
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As the conflict between Israel and Iran escalates, Bitcoin’s (BTC) price has remained stable. A look back at previous conflicts shows a similar trend, with factors like adoption and institutional involvement playing a key role. Analysts like André Dragosch, head of research at Bitwise’s ETP platform ETC Group, have argued that Bitcoin’s price can suffer…
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Key points: BTC price weakness accelerates after the Wall Street open as analysis warns of a “rug pull” at $104,000. Bitcoin bulls have done their best to avoid panic reactions to downside volatility triggers. US dollar strength eyes a comeback after hitting new three-year lows. Bitcoin (BTC) broke below $105,000 on June 17 as analysis…
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The Michael Saylor Bitcoin strategy, explained Saylor’s thinking was driven by a deep concern about the future of fiat currency. When Michael Saylor, then CEO of Strategy, announced in August 2020 that his business intelligence firm was adopting Bitcoin (BTC) as its primary treasury reserve asset, many saw it as a radical (even reckless) decision.…
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