Author: Anthony M. Orbison
The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges.“Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments, we have exercised our discretion to remove the economic sanctions against Tornado Cash as reflected in Treasury’s Monday filing in Van Loon v. Department of the Treasury,” the Treasury Department stated. Quick Overview of the Tornado Cash Story Tornado Cash was launched in 2019 as a…
Coinbase is in advanced talks to buy Deribit, a cryptocurrency derivatives exchange, according to a March 21 report by Bloomberg.Acquiring Deribit — the world’s largest venue for trading Bitcoin (BTC) and Ether (ETH) options — would bolster Coinbase’s existing derivatives platform, which currently focuses on futures. Coinbase and Deribit have reportedly alerted regulators in Dubai to the deal talks. Deribit holds a license in Dubai, which would need to be transferred to Coinbase if a deal goes through, according to Bloomberg, which cited unnamed sources. In January, Bloomberg reported that a deal with Coinbase could value Deribit at between $4 billion and…
I’ve spoken with a number of politicians in the past few weeks. They all see bitcoin as a store of value and believe that U.S. citizens have the right to hold their private keys. I can’t say that it doesn’t feel good to hear U.S. elected officials express these views and even propose bills that would codify pro-bitcoin legislation into law. It’s surely refreshing, especially after the political antagonism that Bitcoiners and the Bitcoin industry endured under the Biden administration. With that said, there is still work to be done, and much of that work involves advocating to preserve our…
Bitcoin’s (BTC) recovery continues to face selling at higher levels, indicating that the bears have not given up. Trading resource Material Indicators said in a post on X that “Spoofy the Whale” has been suppressing Bitcoin’s price below $87,500.Although the upside is currently restricted, select analysts believe that the downside is limited. BitMEX co-founder Arthur Hayes said in a post on X that Bitcoin may have bottomed out at $77,000, considering that the Federal Reserve announced a slowdown in its quantitative tightening from April.Crypto market data daily view. Source: Coin360Another bullish catalyst for Bitcoin could be the recession, according to…
A few weeks ago, we briefly touched on how civil asset forfeiture may apply to Bitcoin, a process in which the Government may seize citizen’s assets without accusing a person of a crime. With the US Government stating that civil asset forfeiture will form a key pillar in building its Strategic Bitcoin Reserve, the Fifth Amendment Integrity Restoration Act of 2023, also known as the FAIR Act, is arguably the most important Bill introduced in Congress today to protect Bitcoin holders from extensive Government overreach. Without it, many may see their bitcoin seized and forfeited on behalf of the Reserve…
The Trump administration appears poised to grow its Strategic Bitcoin Reserve after the White House’s crypto council head suggested budget-neutral ways for acquiring the digital asset. “There’s been countless ideas” about how the government can acquire more Bitcoin (BTC), Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, said in an interview with the Crypto in America podcast. Bo Hines said the crypto council is open to creative ways to build the government’s Strategic Bitcoin Reserve. Source: Eleanor TerrettPerhaps the best way of doing so would be to realize the gains on the government’s gold certificates, which are…
Metaplanet, Japan’s largest corporate bitcoin holder, has appointed Eric Trump to its newly formed strategic board of advisers. The move aims to advance Metaplanet’s bitcoin adoption mission as bitcoin gains mainstream traction. Metaplanet announced the move on Friday, stating that Trump’s expertise and passion for bitcoin will help drive the company’s goals. As the son of U.S. President Donald Trump, Eric Trump has emerged as an influential voice supporting the growth bitcoin and the crypto industry. JUST IN: 🇯🇵 Japanese public company Metaplanet appoints Eric Trump as a strategic advisor to help drive Bitcoin adoption. pic.twitter.com/9UnAFzF5Ty— Bitcoin Magazine (@BitcoinMagazine) March…
Bitcoin (BTC) rebounded by as much as 14% after plunging to a four-month low near $76,600 on March 11. But BTC price is down approximately 25% from its record high of around $110,000, which is normal for a “bull market correction.”Still, some analysts anticipate the Bitcoin price declines to continue in the future.“Dark cloud” hints Bitcoin is topping outBitcoin faces renewed bearish pressure after rejecting at $87,470, the descending channel resistance, with a “dark cloud cover” pattern reinforcing the downtrend, according to an analysis shared by GDXTrader on X.BTC/USD daily price chart. Source: TradingView/@GDXTraderThe dark cloud cover pattern occurs when…
After reaching an all-time high above $100,000, the Bitcoin price has entered a multi-week downtrend. This correction has naturally raised questions about whether Bitcoin is still aligned with the 2017 bull cycle. Here we’ll analyze the data to assess how closely Bitcoin’s current price action correlates with previous bull markets, and what we can expect next for BTC. Bitcoin Price Trends in 2025 vs. 2017 Bull Cycle Bitcoin’s price trajectory since the cycle lows set during the 2022 bear market has shown remarkable similarities to the 2015–2017 cycle, the bull market that culminated in Bitcoin reaching $20,000 in December 2017.…
Bitcoin (BTC) tapped $87,000 on March 20, 14% above its low of $76,60, reached on March 11 amid a slight improvement in market sentiment. However, BTC price has since slid toward $84,000, down 2% over the last 24 hours, raising questions about whether the asset could drop further over the next few days.BTC/USD daily chart. Source: Cointelegraph/TradingViewBitcoin Bull Score at two-year lows Bitcoin’s latest drawdown saw it drop as much as 30% from its all-time high above $109,000 reached on Jan. 20. Related: Here’s why Bitcoin price can’t go higher than $87.5KThis has seen its Bull Score Index drop to levels last…