Brazilian Senate announces incoming approval of the ‘Bitcoin law’

The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cointelegraph Brazil. The legislation, which has been debated in the Chamber of Deputies since 2015, has been approved in the first round of consideration. The Senate has attached it to another crypto-focused bill, which has already been approved by the Economic Affairs Committee of the Senate. Two legislators, Senator Irajá Abreu and Deputy Aureo Ribeiro, both rapporteurs of the aforementioned proposals in their respective…

WAVES Falls to 1-Month Low, BCH Over 10% Higher on Wednesday – Market Updates Bitcoin News

WAVES fell to a one-month low during Wednesday’s trading session, as prices dropped for a second consecutive session. This came as BCH rallied by over 10% on hump-day, hitting a five-day high in the process. Overall, the crypto market cap is 1.17% higher as of writing. Bitcoin Cash (BCH) As crypto prices slowly began to rise on Wednesday, BCH was easily one of the day’s biggest gainers. Following a low of $295.20 on Tuesday, BCH/USD rose to an intraday high of $332.87 during today’s session. This is the highest level…

BIG NEWS FROM BITCOIN 2022…WHAT'S NEXT?

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Bitcoin bounces to near $41K after crypto sentiment gauge hits 6-week lows

Bitcoin (BTC) saw a welcome break from downside at the Wall Street open on April 13 as United States equities opened in the green. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Sub-$39,000 BTC price target remains Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to local highs of $40,965 on Bitstamp as trading began on April 13, its best in over 24 hours. After a frustrating rangebound period, volatility to the upside was a relief for support levels previously in danger of collapsing. Traders, however, were not overly optimistic,…

Coinbase, FTX and Biggest Crypto Exchanges Consolidate Power As Traders Prefer Lower Risk Platforms: Report

A new report from CryptoCompare finds that top-tier digital asset exchanges such as Coinbase, FTX, Gemini and Binance have continued to increase their market share over the last six months. In the latest Exchange Benchmark report, CryptoCompare finds that top-tier exchanges have gained a further seven percent market share since August 2021. “Top-Tier exchanges have increased their market share from 89% in Aug 2021 (based on Aug 2021 rankings) to 96% in February 2022 (based on the latest Feb 2022 rankings) as both retail and professional traders move to lower risk…