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Crypto market has become ‘very confusing,’ losing all logic — Traders

Crypto traders say the market has “lost all sense of logic” and is now “confusing just about every investor” despite pro-crypto moves by the US government. Source link

El Salvador buys 12 Bitcoin in a day, bringing reserve to 6,068 BTC

El Salvador’s total Bitcoin stockpile has grown again and now stands at 6,068 Bitcoin, currently worth over $554 million. Source link

Healthcare tech firm Semler buys 871 Bitcoin, yield tops 150%

Semler now has 3,192 Bitcoin following a recent buying spree, placing it as the 10th-largest corporate holder of the cryptocurrency. Source link

Ohio Senator introduces state’s second Bitcoin reserve bill

Ohio Senator Sandra O’Brien wants to allow the state’s treasurer to invest in Bitcoin — but no other cryptocurrency — to create the “Ohio Bitcoin Reserve Fund.” Source link

Crypto market may take over 2 months for ‘full recovery’ if 2022 pattern repeats

Crypto analyst Matthew Hyland says the market may not see altcoin prices return to December levels until at least April. Source link

The lesson of El Salvador’s failed Bitcoin experiment

The revolution is dead in El Salvador. It’s a lesson for developing nations who aim to seek out economic autonomy by making crypto legal tender. Source link

Robinhood halts Super Bowl bets a day after launch on CFTC request

Robinhood Derivatives has halted its Super Bowl betting after already rolling out the product to 1% of its customers after its Feb. 4 launch. Source link

US Senator Hagerty introduces ‘GENIUS’ stablecoin bill

Senator Bill Hagerty introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, aiming to regulate US dollar-pegged crypto tokens. Source link

SEC is scaling back its crypto enforcement unit: Report

The SEC’s 50-person crypto unit is getting a shakeup with some staff reassigned to other areas, The New York Times reports. Source link

US prosecutors must rethink DeFi stance — a16z

DEXs like Uniswap should not be held liable for user actions they can’t control, the venture capital firm said. Source link