Advertisement     The United States Department of Justice (DOJ) has scrapped the National Cryptocurrency Enforcement Team (NCET). This decision follows recent moves by the Trump administration to loosen tough restrictions on the industry. According to industry executives, President Trump’s policies will spark innovation in crypto and capital flow. DOJ To Shift Regulatory Focus…
Illinois Senate has advanced a bill to establish comprehensive regulations for crypto businesses operating in the state and address concerns about digital assets-related fraud cases, which saw over $160 million in losses in 2023. Illinois Advances Crypto Consumer Protection Bill On Thursday, Illinois’ Senate Executive Committee passed Senate Bill 1797 (SB1797), also known as the…
Bitcoin has taken a hard hit over the past 48 hours, dropping to a low of $81,332 following a global market shock triggered by Donald Trump’s announcement of sweeping tariffs on imports from 185 countries. This policy shift sent tremors across both traditional and crypto markets, dragging down Bitcoin alongside the S&P 500. Yet despite…
A few days ago, Bitcoin witnessed a brief upward move close to the $88,000 mark due to the renewed bullish momentum across the general crypto market. However, BTC seems to have lost its steam as its price has fallen below $83,000. The sudden increase might be attributed to the recent slowdown in short-term holders’ accumulation….
Two Democrat US Lawmakers have sent a letter to the Securities and Exchange Commission (SEC) acting chair, Mark Uyeda, asking about President Donald Trump’s crypto businesses and potential conflicts of interest related to the Commission’s regulations. US SEC Asked About Trump’s Crypto Businesses On Wednesday, Senator Elizabeth Warren and Representative Maxine Waters asked the SEC’s…
South Carolina dismissed its lawsuit against crypto exchange Coinbase, becoming the second state to drop its staking-related case after the US watchdog’s shift toward the industry. The exchange’s Chief Legal Officer (CLO) called the development a “victory” for crypto investors. South Carolina Drops Coinbase Staking Services Lawsuit On Thursday, Coinbase’s CLO, Paul Grewal, revealed that…
The price of Bitcoin has been stuck within the $81,000 to $86,000 consolidation range over the past week, showing a high level of indecisiveness between the bulls and bears. While most on-chain indicators are painting a bearish image for the premier cryptocurrency, the latest piece of data suggests that the bull run might not be…
President Donald Trump recently addressed the Blockworks Digital Asset Summit in New York City, outlining his ambitious aspirations to establish the United States as an important force in the cryptocurrency sector, with Bitcoin (BTC) at the forefront. Trump’s Vision For Maximizing Federal Holdings In Bitcoin During his speech, Trump proposed the creation of a national…
Recent reports revealed that another member of the US House of Representatives will introduce a new bill on March 14 to codify US President Donald Trump’s executive order for a Strategic Bitcoin Reserve (SBR). This move follows recent efforts by several US lawmakers to formalize and protect Trump’s crypto plan. New Bill Proposes US Bitcoin…
Fold Holdings, a US-based Bitcoin (BTC) financial services firm, announced today the addition of 475 BTC to its corporate treasury. This acquisition positions Fold Holdings among the top 10 US public companies with the largest Bitcoin reserves. Fold Holdings Unveils Bitcoin Purchase Bitcoin adoption among corporations continues to snowball, as Nasdaq-listed Fold has acquired another…