On November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges against Binance, the world’s largest cryptocurrency exchange, and its Chief Operating Officer, Changpeng Zhao (CZ). The settlement concerned a variety…
Report: Kenyan Parliament Committee Approves Bill Proposing to Widen Definition of Securities to Include Crypto
December 7, 2023
A Kenyan parliamentary committee has reportedly approved a bill that proposes to widen the definition of securities to include cryptocurrencies. The bill proposes a tax on crypto exchanges and digital wallets as well as a capital gains tax on users who realize a capital gain…
As bitcoin’s price hovers between $43,950 and $44,150, a nuanced examination of its oscillators and moving averages reveals a complex picture of its market movements. Despite a bullish run in its 24-hour trading range, oscillators signal caution.
Bitcoin
Bitcoin’s (BTC)…
Comparing Peaks: Bitcoin Hits 20-Month High, Other Cryptos Still Strive for Past Glories
December 7, 2023
As bitcoin’s value soared to heights last witnessed on April 6, 2022, a multitude of crypto assets have also reaped benefits from the surge of the premier cryptocurrency. Yet, despite a significant number of these digital currencies experiencing substantial increases, surpassing even bitcoin in percentage gains, they have yet to approach the peak values achieved during that period.
From Then to…
Coinbase CEO Brian Armstrong: 'Bitcoin May Be the Key to Extending Western Civilization'
December 6, 2023
Brian Armstrong, CEO of U.S.-based crypto exchange Coinbase, stated that Bitcoin could play a role in extending Western civilization. For Armstrong, Bitcoin represents an alternative to fiat currencies like the U.S. dollar, which people can use as an alternative to…
Large Asset Managers Getting Ready to Buy BTC Ahead of Spot Bitcoin ETF Launches, Says Moody's Director
December 6, 2023
A senior director with Moody’s Analytics has highlighted the biggest driver behind the recent bitcoin price surge. “The race is heating up” to launch spot bitcoin exchange-traded funds (ETFs), he explained, emphasizing that large asset managers are “getting ready to…
SEC Makes 'Materially False and Misleading' Representations Against Crypto Firm — Judge Threatens Sanctions
December 6, 2023
The United States District Court for the District of Utah has expressed concerns that the U.S. Securities and Exchange Commission (SEC) is making “materially false and misleading representations” in its lawsuit against a crypto firm. The court has ordered the securities regulator to show cause why it should not be subject to sanctions.
Court Threatens to Sanction SEC
The U.S. Securities and…
BRC20 Token ORDI Hits $1B Market Cap Amid Crypto Surge, Soaring 676% in a Month – Markets and Prices Bitcoin News
December 6, 2023
In the recent surge in the cryptocurrency market, the BRC20 token ORDI has experienced substantial growth. This week, it reached a new milestone with its market capitalization surpassing the $1 billion threshold. The token’s value has soared by 676% in the past month and…
Mystery Bitcoin Whale Resurfaces, Transfers 1,000 BTC Worth $41M From String of 2010 Era Addresses – Bitcoin News
December 6, 2023
Emerging from obscurity since 2021, a prominent bitcoin whale, originating from the 2010 period, has recently transferred 20 block rewards, equivalent to 1,000 bitcoins valued at $41.87 million based on present exchange rates. This is not the whale’s first such activity…
Brazil's Banking Behemoth Itau Unibanco Debuts Cryptocurrency Trading Services – Bitcoin News
December 6, 2023
Itau Unibanco, the largest private bank in Brazil, has launched cryptocurrency trading services for its customers. Through Ion, its financial services platform, Itau will first offer access to two cryptocurrencies, ether and bitcoin, opening this feature gradually to all users.
Itau Unibanco Opens Crypto Trading Services in Brazil
Itau Unibanco, one of the largest banking institutions in Brazil…
