Bitcoin (BTC) fell to intraday lows after the Mar. 6 Wall Street open as market discounted good news coming from the US’ first White House Crypto Summit. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin shrugs off Crypto Summit excitement Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading down 2% on the day. A run…
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The cryptocurrency community keenly awaits the first-ever White House Crypto Summit on March 7, which is expected to provide more details on the planned crypto reserve announced by US President Donald Trump on March 2. Although the initial announcement included Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA), several critics slammed the…
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South Carolina Senator Tim Scott, the leader of the US Senate Banking Committee, plans to introduce a bill on March 6 to end regulatory oversight of customer reputational risks toward banks, paving the way for an end to a discriminatory practice known as “debanking,” according to a report from The Wall Street Journal. Debanking is…
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Minnesota Representative Tom Emmer, the majority whip in the US House of Representatives, has reintroduced legislation aimed at preventing federal banks from using or issuing central bank digital currencies, or CBDCs. In a March 6 notice, Rep. Emmer said he had brought back the CBDC Anti-Surveillance State Act in the House for lawmakers in the…
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Bitwise Asset Management has made its first institutional decentralized finance (DeFi) allocation, depositing into Maple Finance’s overcollateralized Bitcoin loans, Maple told Cointelegraph on March 6. Maple did not disclose the size of the investment but confirmed that Bitwise’s allocation is represented in Dune Analytics total value locked (TVL) figures for Maple’s “blue chip secured” strategy. …
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Japan’s Liberal Democracy Party (LDP), the ruling party in Japanese politics, is moving ahead with comprehensive regulatory reform on cryptocurrencies that would slash the capital gains tax on crypto to 20% and categorize digital assets as a distinct asset class. According to LDP lawmaker Akira Shiizaki (Akihisa), cryptocurrencies will be categorized as a new asset…
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Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop, despite a requirement from the International Monetary Fund (IMF). El Salvador struck a $1.4 billion loan deal with the IMF in January on the condition that it walk back Bitcoin (BTC) adoption and…
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Brazilian fintech unicorn Meliuz said on March 6 that it has begun purchasing Bitcoin as part of a new treasury management strategy, joining a growing trend of traditional finance companies holding cryptocurrency assets. Meliuz, which provides cashback and financial technology services, announced its entry into the cryptocurrency market with its board of directors approving the…
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Bitcoin’s recent rally above the key psychological threshold of $90,000 proved short-lived, with analysts pointing to ongoing macroeconomic uncertainties and a significant reduction in institutional investments in cryptocurrency markets. Bitcoin (BTC) staged a near 10% recovery to above $95,000 on March 2 before forming a double-top chart pattern around $94,200 on the daily chart, a…
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A pair of posts by President Donald Trump about his plans for a US crypto reserve “triggered a marketwide rebound” in cryptocurrencies on March 2, with global market capitalization increasing nearly 7% to $3.04 trillion, Cointelegraph reported. Still, on closer examination, a crypto strategic reserve — presumably along the lines of the US Strategic Petroleum…
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