Day: May 22, 2024

SEC’s Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?

The SEC’s sister agency in policing the U.S. markets, the Commodity Futures and Trading Commission (CFTC), has taken a strong pro-legislation position, arguing that existing law leaves a hole in oversight of the crypto spot markets for non-securities, such as bitcoin (BTC). CFTC Chairman Rostin Behnam has told lawmakers that “Congress needs to act” on crypto legislation, and he’s said that if FIT21 passes, his agency can build a regulatory framework within 12 months. A CFTC spokesperson told CoinDesk on Tuesday that the agency would not comment on the bill.…

Binance Celebrates Bitcoin Pizza Day With Global Pizza Distribution Campaign

In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest cryptocurrency exchange, is commemorating this milestone with a global campaign to distribute over 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Built On An $6 Million NFT Scam? AI Company Accused Of Fraud

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Youtuber and Internet investigator Coffeezilla has called out Artificial Intelligence (AI) company Rabbit for allegedly being built on a $6 million non-fungible token (NFT) scam. The company is accused of being responsible for the GAMA NFT Project “fraud” as part of a history of lies. Related Reading Down The NFT Fraud Rabbit Hole Stephen Findeisen, better known as Coffeezilla, published a YouTube video calling out Rabbit Inc. for being built on the remains of an alleged NFT fraud from 2021. The internet investigator revealed that the company is seemingly trying…

U.S. House Set to Vote for First Standalone Crypto Market Structure Bill

“The industry has superficially recovered this year, in part due to controversial approval of spot BTC ETPs by the Securities Exchange Commission,” the letter said. “Yet, the scams, hacks, theft, instability, reckless promotional activities, and regulatory evasion that were present during the last crypto bull market remain endemic in the industry today.” Source

Over 450,000 Addresses Bought 273,000 BTC At This Level

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Bitcoin is cooling off after an impressive 25% spike from May 2024 lows. Even with this cool-off, some analysts are upbeat, predicting the coin will extend gains in future sessions. Bitcoin Finds Strong Support Between $70,180 and $70,600 In a post on X, one analyst believes Bitcoin has strong support at around $70,180 and $70,600. The analyst explained that on-chain data shows that over 450,000 addresses collectively bought over 273,000 BTC at this price range.  Zone above $70,000 emerging as support | Source: @ali_charts on X For this reason, the concentration…

Multipool Launches LBP on Fjord Foundry Raising $200k in 24 Hours – Blockchain News, Opinion, TV and Jobs

Majuro, Marshall Islands, May 22nd, 2024, Chainwire Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours. Making waves in the crypto industry, Multipool is taking a leading role in the marketplace transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. “I’m thrilled with the strong response from the community so far, we’ve reached $200k on Fjord Foundry on day one. We’re off to a fantastic start in the LBP and I can’t wait…

The Investment Appeal of RCO Finance (RCOF) vs. Solana’s (SOL) Speed and Render’s (RNDR) Creativity – Blockchain News, Opinion, TV and Jobs

As analysts closely monitor the future of crypto titans, learn about RCO Finance (RCOF), a new project appealing to investors seeking to diversify their portfolios.  Early investors who discovered Solana (SOL) around its inception are now reaping massive profits from their decisions.  Likewise, Render (RNDR) token holders were among the top gainers this past year, as their prices increased by over 300%.  If you missed hopping on these trains early, don’t fret. Ventures like Solana (SOL) and Render (RNDR) keep springing up in the constantly evolving crypto space. Among the…

Standard Chartered Analyst Says Bitcoin Is Set For A New ATH Above $73,700, You Won’t Believe The Timeline

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Analysts from leading international cross-border bank, Standard Chartered have made a bold prediction that Bitcoin could witness a significant rise to new all-time highs above $73,700. This projection, slightly higher than the cryptocurrency’s previous peak, comes with an unexpected and wholly ambitious timeline.  Bitcoin Poised To Reach New All-Time Highs Geoff Kendrick, Head of EM FX Research, West and Crypto Research, Standard Chartered, has made a bullish prediction for Bitcoin, the world’s largest cryptocurrency. In an email to TheBlock, Kendrick stated that Bitcoin is poised to break out of its…