Bitcoin BTC Price Doldrums Below $26.5K Continue as Investors Weigh Debt Ceiling, Latest FOMC Minutes

Bitcoin was recently trading at about $26,440, off roughly 3% over the past 24 hours and near its lowest level since May 12 when the largest cryptocurrency by market capitalization dipped below $26,000. In this period, BTC has been slogging through low trading volume and volatility as markets wrestle with the prospect of a U.S. government unable to pay its debts and ongoing crypto regulatory and macroeconomic uncertainties. Until Wednesday, bitcoin had remained in a $26,500 to $27,500 range. Source

Crypto Execs From Coinbase, Messari Give Washington Influence Another Go With FTX Anchor Around Necks

While that day-to-day lobbying work happens, though, millions of U.S. crypto users are eager to make sure Congress is hearing their view that “we want to keep it here and we want to have robust rules,” Quick said, which explains the efforts from business leaders to drum up grassroots campaigns. There’s room for both, she argued – the lobbyists’ usual interactions in Washington, plus whatever the industry leaders are hatching. Source

TP ICAP’s Institutional Crypto Exchange Finally Goes Live for Spot Trading

Fusion Digital Assets, TP ICAP’s crypto spot exchange for institutional investors initially targeted for mid-2021 launch, has finally gone live. The platform has successfully completed its first Bitcoin/US dollar trading pair transaction, the top interdealer broker said on Wednesday, noting that the trade was settled by one of its partners, Fidelity Digital Assets. The launch of the enterprise-grade trading venue comes six months after TP ICAP secured a UK license to operate the exchange. However, the financial market infrastructure and data solutions provider has been offering crypto derivatives services since…

Bitcoin analyst issues warning, dip below $24k could be inevitable

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In light of a modest 3% decline within the last 24 hours, cryptocurrency trader and analyst Ali Martinez has taken to Twitter to explain his belief that bitcoin’s price will likely continue its downward trend.  Martinez notes that the leading cryptocurrency appears to be losing support from crucial levels, increasing the probability of a significant price correction. There is a significant demand barrier between $23,200 and $24,000, where 340,000 BTC was purchased by 850,000 investors, totaling…

Japan Implements Stricter Regulations on Cryptocurrency Transactions

To strengthen its anti-money laundering (AML) measures, Japan has decided to introduce stringent regulations on cryptocurrency transactions, according to local news outlet Kyodo News. The country’s cabinet recently approved adopting the “travel rule” set forth by the Financial Action Task Force (FATF), an international body responsible for combating money laundering and terrorist financing. The “travel rule” refers to guidelines to deter illicit activities such as money laundering and terrorist financing by transferring digital assets. Under this rule, crypto exchanges, wallet platforms, and other service providers will be required to obtain…

Ledger Recover Fiasco Exposes Gap Between Bitcoin’s Self-Custody Ideals and Technical Reality

CryptoX – Cryptocurrency Analysis and News Portal The latest example comes from Ledger, the Paris-based crypto hardware wallet company, which, following a public-relations firestorm last week, announced Tuesday that it would delay plans to release a controversial new wallet-recovery feature called Ledger Recover. Source The post Ledger Recover Fiasco Exposes Gap Between Bitcoin’s Self-Custody Ideals and Technical Reality appeared first on CryptoX. CryptoX Portal