Market Analysis
BTC faces bull trap risks due to the formation of a bear flag pattern, with a measured downside target at around $51,000.
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United States News
The United States has maintained the highest gross domestic product in the world since 1871, making it a critical player in the evolution of commerce, finance and technology. The U.S. has been home to some of the most successful, long-standing crypto exchanges and other businesses in the industry.
Over 10 years later, the role of Bitcoin (BTC) in the U.S.’s evolution into digital finance and commerce is still unclear, as U.S. cryptocurrency regulation is still inconsistent, hazy or, at best, done in a patchwork fashion across the 50 states and other territories.
Stay tuned as Cointelegraph covers all the important updates and stories regarding the regulation, maturation and evolution of the crypto space.
- News
Stanley Druckenmiller said stablecoins are more efficient, faster and cheaper than fiat running on traditional banking infrastructure.
1938 - Market Analysis
Bitcoin showed remarkable strength throughout the week, but BTC’s correlation to tech stocks and its reactive spot ETF flows suggest the bear market isn’t over yet.
3890 - News
One judge sided with Custodia Bank, stating that a master account is “indispensable” for a bank’s day-to-day operations and being denied one is “akin to a death sentence.”
2959 - News
The Bitcoin Policy Institute said the bipartisan support for a de minimis tax exemption for smaller Bitcoin transactions is "encouraging."
2250 - Price Analysis
Bitcoin faced strong resistance at the $74,500 level, but the shallow price pullback could set the stage for a stronger breakout in BTC and altcoins.
2260 - News
The Bitcoin Policy Institute wants to ensure “US regulators get Bitcoin’s treatment right” when the Federal Reserve issues proposals to implement the Basel framework.
1732 - News
Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego have vowed to ensure that the Justice Department “conducts a serious investigation into Binance.”
992 - News
Fraudulent tech workers with ties to North Korea target a range of industries, including blockchain companies, with schemes and infrastructure spreading worldwide.
1406 - News
The provision banning the Federal Reserve from issuing a central bank digital currency was included in housing affordability legislation.
1156 - Market Analysis
While geopolitical tension and weak labor data are hurting market sentiment, institutional buying below $75,000 may soon exhaust sellers and spark a bull run.
4278 - News
US lawmakers are eyeing tax exemptions for US dollar stablecoins, which are designed to maintain a fixed value, but not other cryptocurrencies.
2108 - News
“This ends today,“ said CFTC Chair Michael Selig, who has been reiterating his position that the agency has exclusive jurisdiction overseeing prediction markets platforms.
804 - News
A new FATF report says crypto exchanges operating offshore can create gaps in AML enforcement, making it harder for regulators to track illicit activity.
1522 - News
Binance Research says US midterms could set up a rebound for Bitcoin and stocks, though oil shocks and Middle East tensions may weigh near term.
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