US lawmakers could consider stock trading ban in next session of Congress

Many United States lawmakers from both sides of the aisle have at one point expressed support for legislation banning members from investing in stocks or crypto — an initiative the 118th Congress could address following a shift in leadership. Beginning on Jan. 3 as the next session of the U.S. Congress opens, Republicans will take control of the House of Representatives with a slim majority following the 2022 Midterms, while Democrats will maintain a majority in the Senate. Kevin McCarthy, a Republican representative in contention to be the next Speaker…

Bitcoin Stuck, But This Indicator Points To New Trajectory

Bitcoin has seen little to no action in its first two days of 2023; the cryptocurrency is bound for a spike in volatility, but in which direction? After experiencing months of downside pressure, there seems to be no room for further losses. As of this writing, Bitcoin trades at $16,700 with sideways movement in the last 24 hours. On higher timeframes, BTC’s price records similar price action. Other cryptocurrencies in the top 10 by market capitalization follow this trajectory. BTC’s price moving sideways on the daily chart. Source: BTCUSDT Tradingview…

After an uncertain year, DeFi has high hopes for 2023

Decentralized finance (DeFi) is defined as any product or service offered by the Web3 world that helps users conduct financial activities such as payments, borrowing, lending, investing, trading and staking.  Several Web3 use cases, including DeFi, GameFi, SocialFi and nonfungible tokens (NFTs), emerged through the last bullish cycle. DeFi has been the largest market cap activity within Web3, with a peak total value locked (TVL) of over $175 billion at the peak of the 2021 bull market. DeFi: The primary use case for blockchain? Things have not been the same…

Bitcoin Cash Closes 2022 With A Year-Low

It is no surprise for Bitcoin Cash to perform this poorly when the entire crypto market fell deeper in the bear market due to various negative factors, including the much-publicized collapse of crypto exchange FTX. According to CoinGecko, the token is down a further 1.4% in the past 24 hours. This doesn’t bode well as major cryptocurrencies like Bitcoin and Ethereum have started 2023 very weakly as well. Bitcoin Cash And Bitcoin Connections Since Bitcoin Cash is a fork of Bitcoin, BCH will have a strong correlation to BTC most…

Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021 – Bitcoin News

In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade. Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards. In 2022, however, only 17 block rewards from 2010 were spent. Alongside this, on March 10, 2022, an entity moved 489.091 bitcoin that sat dormant in a wallet since 2010. In April 2022, five block rewards from 2009 were spent as well and they were the first 2009 blocks spent since 2020. Record…

Price analysis 1/2: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, LTC

The DXY has turned bearish and that could prove to be a boon for SPX, cryptocurrency and Bitcoin. The S&P 500 index (SPX) fell 19.4% and the Nasdaq nosedived 33.1% in 2022, recording the worst performance since 2008. The crypto markets also had a horrendous year with Bitcoin (BTC) falling roughly 65% in 2022. In comparison, the United States dollar, which is perceived to be a safe haven, rallied nearly 9%, its best year since 2015. There are several green shoots visible for the cryptocurrency sector for 2023. The U.S.…

Binance Nears Acquisition of Korean Crypto Exchange Gopax: Report

Binance, leading cryptocurrency exchange, is making arrangements to finalize its acquisition of GOPAX, one of the top crypto exchanges in Korea, blockchain media platform Decenter reports. The exchange has conducted its due diligence in this regard and is confirming other procedures, the outlet said. Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! According to the outlet, Binance intends to buy the 41.2% majority stake of CEO Lee Jun-Haeng in GOPAX. The…

Gemini Co-Founder Accuses DCG’s Silbert of ‘Bad Faith’ Stalling in $900M Locked Funds Dispute

CryptoX – Cryptocurrency Analysis and News Portal Gemini Trust Co., which is co-owned by Winklevoss and his twin brother, paused redemptions on an interest-earning product called Earn in mid-November, a week after rival crypto exchange FTX filed for bankruptcy. The product offered investors opportunities to yield as much as 8% interest on their crypto by lending those digital tokens out to Genesis. Source The post Gemini Co-Founder Accuses DCG’s Silbert of ‘Bad Faith’ Stalling in $900M Locked Funds Dispute appeared first on CryptoX. CryptoX Portal