A congressional committee in Brazil has concluded that four Binance officials, among them company CEO Changpeng Zhao (CZ), should be indicted. The suggestion follows a probe targeting crypto platforms suspected of operating pyramid schemes and can potentially affect the global crypto company’s plans in Brazil and add to its legal challenges.
Parliamentary Committee Suggests Indictment of Binance…
Coinbase Executive Urges Congress to Pass 'Sensible' Crypto Legislation Swiftly as Middle East Conflict Escalates – Regulation Bitcoin News
October 13, 2023
Coinbase’s chief legal officer has called on U.S. Congress to pass sensible crypto legislation following reports that Hamas has amassed millions in cryptocurrency amid the escalating Middle East conflict. “We need this industry flourishing in nations committed to the…
7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule – Regulation Bitcoin News
October 13, 2023
In a Nutshell
Seven US senators, including Elizabeth Warren and Bernie Sanders, have written a letter to the Treasury Department and the IRS urging them to implement the proposed crypto broker reporting rule quickly. The senators are concerned about the two-year delay in…
Understanding Support & Resistance in Crypto Trading – Learning - Insights Bitcoin News
October 12, 2023
In the world of crypto trading, there are many ways to identify opportunities, one of the most prominent methods being technical analysis. This is the study and general breaking down of charts using various indicators and charting patterns. One such technique is known as Support and Resistance strategy.
Support
A support, which is also known as a floor, is the lower horizontal line holding up…
Bitcoin, Ethereum Technical Analysis: BTC Under $27,000, ETH Hits 1-Month Low Ahead of US Inflation Report – Market Updates Bitcoin News
October 12, 2023
Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low.
Bitcoin
Bitcoin (BTC) fell…
Biggest Movers: XRP Losing Streak Extended to a 6th Day – Market Updates Bitcoin News
October 12, 2023
XRP has been one of the week’s most notable movers, with price moving lower for six straight days. The latest decline comes as the global cryptocurrency market cap fell by over 1% in today’s session. Solana also slipped, nearing a floor of $21.00 in the process.
XRP
XRP…
Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers – Regulation Bitcoin News
October 12, 2023
Crypto firms that operate in Cyprus without registration may soon be fined as much as $350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently submitted to parliament, seek to align the country’s laws with the standards set by the Financial Action Task Force.
Draft Sent to Parliamentary…
State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase – Legal Bitcoin News
October 12, 2023
A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to…
Computable Functions Verified on Bitcoin — How BitVM Seeks to Elevate BTC's Smart Contract Game – Technology Bitcoin News
October 12, 2023
A new computing model, BitVM, aims to enhance Bitcoin’s smart contract capabilities without requiring changes to the blockchain’s consensus rules. The white paper, published on October 9, 2023, has drawn significant attention and its fair share of criticism.
Can BitVM…
Bitcoin, Ethereum Technical Analysis: BTC Hits 10-Day Low, Caroline Ellison Confirms Fraud on Behalf of SBF – Bitcoin News
October 12, 2023
Bitcoin slipped to a ten-day low in today’s session, as the trial of Sam Bankman-Fried (SBF) continues. Caroline Ellison, the former CEO of Alameda Research, alleged that she committed fraud at the behest of SBF. Markets also declined ahead of the upcoming U.S. Producer Price Index, which is a key gauge of inflation.
Bitcoin
Bitcoin (BTC) moved lower for a fourth straight day, with many traders…
