Author: Anthony M. Orbison
Crypto regulations must be enacted through an act of Congress to become permanent and meaningful pieces of legislation, according to former Congressman Wiley Nickel.In an exclusive video interview with Cointelegraph’s Turner Wright, Nickel urged bipartisan collaboration to push through comprehensive crypto regulations. The former Congressman added:”I think it’s really important for anybody who cares about this issue to step back and realize that if you want lasting change in Washington, you must move legislation through Congress. Otherwise, if you’re talking about executive orders, it will just go back and forth.”“You don’t want to have the mess that we saw just…
It has recently come to my attention that multiple U.S. Congressmen who have taken very public pro-Bitcoin stances are not even aware of the currently unfolding prosecution of Samourai Wallet developers Keonne Rodriguez and William Hill. This is simply mind-boggling to me as a Bitcoiner. The current legal prosecution of the Samourai team, as well as the relevant prosecutions against Roman Sterlingov, accused of operating the mixer Bitcoin Fog, and Roman Storm and Roman Semenov, two developers behind Tornado Cash, are the most important legal cases impacting the sovereign and private use of Bitcoin on the docket today.. Roman Storm…
Bitcoin (BTC) price action turned bullish on March. 19 as markets grew anxious for the release of the Federal Open Market Committee (FOMC) minutes and a press conference from Federal Reserve Chair Jerome Powell. BTC/USDT 1-day chart. Source: TradingViewGenerally, traders keep a close eye on FOMC minutes, along with Powell’s comments, to obtain direct insights into the Fed’s take on US economic health, along with their plans for monetary policy and interest rates. In the presser, Powell confirmed that the Fed intends to leave interest rates unchanged, in its target range between 4.25% to 4.5%, where they have been since December 2024. Although…
Bitcoin (BTC) has been clinging to the 200-day simple moving average ($84,359), which suggests that the bulls have kept up the pressure. That improves the prospects of an upside breakout, signaling the corrective phase may be ending. Derive founder Nick Forster told Cointelegraph that the current pullback is a normal correction that Bitcoin experiences during long-term rallies. He anticipates that Bitcoin’s cycle peak is yet to come.A positive sign in favor of bulls is that the US spot Bitcoin exchange-traded funds (ETFs) have again started to witness inflows. According to Farside Investors data, spot Bitcoin ETFs have recorded $525 million in…
Bitcoin’s market structure is evolving, and its once-predictable four-year cycles may no longer hold the same relevance. In a recent conversation with Matt Crosby, lead analyst at Bitcoin Magazine Pro, Mitchell Askew, Head Analyst at Blockware Solutions, shared his perspective on how Bitcoin ETFs, mining advancements, and institutional adoption are reshaping the asset’s price behavior. 📺 Watch the Full Interview: According to Askew, Bitcoin’s historical pattern of parabolic price increases followed by steep drawdowns is changing as institutional investors enter the market. At the same time, the mining industry is becoming more efficient and stable, creating new dynamics that affect…
Bitcoin’s (BTC) price action has closely mirrored that of the US equity market in recent years, particularly the tech-heavy Nasdaq and the benchmark S&P 500. Now, as fund managers stage a historic exodus from US stocks, the question arises: could Bitcoin be the next casualty?Fund managers dump US stocks at record monthly paceInvestors slashed their exposure to US equities by the most on record by 40-percentage-points between February and March, according to Bank of America’s latest survey. This is the sharpest monthly decline since the bank began tracking the data in 1994. The shift, dubbed a “bull crash,” reflects dwindling…
Bitcoin (BTC) passed $84,000 into the March 19 Wall Street open as markets geared up for the US Federal Reserve interest-rate decision.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin, risk-assets lack “tailwinds” into FOMCData from Cointelegraph Markets Pro and TradingView showed local highs of $84,358 on Bitstamp.Risk assets were on edge ahead of the Federal Open Market Committee (FOMC) meeting, with the Fed expected to hold rates steady until at least June, per data from CME Group’s FedWatch Tool.Fed target rate probabilities (screenshot). Source: CME GroupThe nature of subsequent commentary from Fed Chair Jerome Powell was of more concern to traders. Already hawkish,…
Bitcoin may stage a recovery above the key $90,000 psychological mark amid easing monetary inflation concerns in the world’s largest economy.Bitcoin’s (BTC) over two-month downtrend has raised numerous alarms that the current Bitcoin bull cycle may be over, defying the theory of the four-year market cycle.Despite widespread investor concerns, Bitcoin may be on track to a recovery above $90,000 due to easing inflation concerns in the United States, according to Markus Thielen, the CEO of 10x Research.“We can see some counter-trend rally as prices are oversold, and there is a good chance that the Fed is mildly dovish,” Thielen told…
Victims of address poisoning scams were tricked into willingly sending over $1.2 million worth of funds to scammers, showcasing the problematic rise of cryptocurrency phishing attacks.Address poisoning, or wallet poisoning scams, involves tricking victims into sending their digital assets to fraudulent addresses belonging to scammers. Pig butchering schemes on Ethereum have cost the crypto industry over $1.2 million worth of funds in the nearly three weeks since the beginning of the month, wrote onchain security firm Cyvers in a March 19 X post:“Attackers send small transactions to victims, mimicking their frequently used wallet addresses. When users copy-paste an address from their…
Bitcoin acquisitions have taken center stage right now as Strategy announces a $500 million stock offering aimed at significant bitcoin accumulation. This bold move could potentially result in over 100,000 BTC added to their treasury, which would make it perhaps the largest corporate cryptocurrency investment that we’ve seen to date.Source: SEC.govAlso Read: Buy Silver Now: XAG/USD To Reach $35, Spike 15% YTDStrategy’s $500 Million Stock Offering to Supercharge Bitcoin AcquisitionsSource: Bitcoin.comStrategy, formerly known as Microstrategy, has recently unveiled plans to offer 5 million shares of its Series A Perpetual Strife Preferred Stock (STRF). This public offering, which falls under the…