Day: March 9, 2022

President Bidenโ€™s Crypto Order Is a Huge Step Forward for the Industry

In the 1990s, a novel technology called the internet was growing fast, and regulators suddenly had to grapple with how to address it. Ultimately, Congress passed legislation that provided clear rules and necessary protections while giving tech companies the breathing room to create better products. If Congress considers the same for crypto as it did for the internet, then we could see a similar explosion of innovation. Source

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Final BitMEX Co-Founder Pleads Guilty to US Violations

โ€œAs todayโ€™s guilty plea reflects, this Office will not permit cryptocurrency exchanges to operate as a shadow financial system that enables criminal actors to move their illicit proceeds without detection, and will vigorously investigate and prosecute the operators of such exchanges who deliberately flout U.S. law,โ€ said U.S. Attorney Damian Williams in a statement. Source

Bitcoin still on track to reach $100K by 2023, says Bitbull Capital CEO

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Bitbull Capital CEO Joe DiPasquale thinks Bitcoin (BTC) is still on track to reach $100 thousand within the next 24 months despite the bearish sentiment dominating the crypto markets since the start of the year.ย โ€œI think 2023 is a safe bet. We might need some time during 2022 to take a breath and to kind of let out some of the steam,โ€ย DiPasquale said. โ€œWe are reaching higher lows and even higher highsโ€, he added, commenting on Bitcoinโ€™s price movement in the last few months. Following the breakout of a military…

Here’s the Full Text of Biden’s Executive Order on Cryptocurrency

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(b) Consistent with the goals stated in section 5(a) of this order: (i) Within 180 days of the date of this order, the Secretary of the Treasury, in consultation with the Secretary of Labor and the heads of other relevant agencies, including, as appropriate, the heads of independent regulatory agencies such as the FTC, the SEC, the CFTC, federal banking agencies and the CFPB shall submit to the president a report, or section of the report required by section 4 of this order, on the implications of developments and adoption…

Bitcoin Breaks Above $40K Again, But When Will Consolidation End?

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Bitcoin is still struggling to break out of the cage that is the $40K-$44K price range. Reaching this level has not been the problem for the digital asset, but successfully breaking above it and maintaining consistent momentum above the $45,000 price point has been the biggest hurdle. Consolidation continues to be the name of the game. But how soon will this come to an end? Bitcoin Is Still Consolidating Bitcoin has continued to consolidate in recent times. It had broken through $40,000 three times already in the first two months…

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Biden Signs Executive Order Establishing National Crypto Policy Across 6 Key Priorities โ€“ Regulation Bitcoin News

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U.S. President Joe Biden has signed a โ€œhistoricโ€ executive order on crypto assets, establishing โ€œa national policy for digital assets across six key priorities,โ€ the White House stated. The executive order outlines โ€œthe first-ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.โ€ President Joe Bidenโ€™s Executive Order on Crypto Signed U.S. President Joe Biden signed a long-awaited executive order on crypto Wednesday, according to an announcement by the White House. Biden was expected to sign the executive order at the…