Day: November 26, 2024

Trump in considerations for CFTC to regulate crypto

The U.S. President-elect’s administration is considering the commodity trading authority to take over the crypto regulations. The Commodity Futures Trading Commission (CFTC) is in Donald Trump’s eye to lead the emerging financial industry, cryptocurrency, after the exchange commission weighed on the past few years to rule. According to Fox Business on Nov. 26, the effort to move the power to the CFTC has been seen as Trump and the Republican majority repeal the jobs from the Securities and Exchange Commission (SEC). If the concept is approved by Congress, the commission…

Institutions Just ‘Waiting To Buy Up’ Bitcoin, Says MARA CEO

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Este artículo también está disponible en español. In an interview with CNBC on Monday, Fred Thiel, CEO of Marathon Digital Holdings (NASDAQ: MARA), shared his bullish outlook on Bitcoin. He emphasized the growing institutional interest and a favorable regulatory environment that could propel the BTC price to new highs. Thiel dismissed the impact of the recent Bitcoin halving, stating, “I think the halving had zero effect.” Instead, he attributed the Bitcoin price surge to the introduction of spot exchange-traded funds (ETFs) earlier this year. “In January, you had the ETFs…

Altcoin Boom on the Horizon? Stellar, Sui, Mantra, and Dogecoin Light Up With Triple-Digit Gains

Based on data as of Nov. 26, the Altcoin Season Index (ASI) hosted on blockchaincenter.net is picking up steam, with standout performances from stellar (XLM), sui token (SUI), and mantra (OM), all posting impressive triple-digit increases. Altcoin Season Teases Investors Two weeks ago, the Altcoin Season Index (ASI) scored a modest 37 out of 100, […] Source CryptoX Portal

What The 50-Day Moving Average At $0.22 Says About The Dogecoin Price

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Este artículo también está disponible en español. The Dogecoin price has been gearing up for a major bull rally since it rose to the $0.4 threshold and began testing this resistance. Shedding light on Dogecoin’s future bullish trajectory, a crypto analyst has discussed the importance of the $0.22 50-day Moving Average (MA) in determining the Dogecoin price movements in this bull cycle. How The 50-Day MA Impacts The Dogecoin Price Rally The 50-day MA is a technical indicator that highlights a cryptocurrency’s average price over the last 50 trading days.…

Brazil Introduces Bill to Establish Strategic Bitcoin Reserve

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Brazil’s Chamber of Deputies has formally introduced a bill proposing the creation of a Strategic Sovereign Bitcoin Reserve (RESBit) to diversify national financial assets and strengthen economic resilience. Brazil Proposes Bitcoin Reserve to Bolster Economy and Embrace Innovation The legislation, titled “Projeto de Lei 4501/2024″ and authored by Federal Deputy Eros Biondini, aims to position […] Original

Record-Breaking $15.5 Million Bug Bounty Launched for Uniswap Version 4

The largest decentralized exchange (dex) platform by volume, Uniswap, has unveiled a $15.5 million bug bounty program. Reportedly, it is the largest bug bounty in decentralized finance (defi) history, aimed at ensuring the security of its upcoming version four (v4) protocol. The announcement follows the Ethereum Foundation’s Attackathon, highlighting a growing focus on blockchain security. […] Source CryptoX Portal

10% Surge Sparks ATH Hopes

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Este artículo también está disponible en español. Breaking out of an eight-month downward trend, Ethereum (ETH) is back in the news. This marks a major turning point for the second-largest cryptocurrency by market capitalization. The coin rose more than 5% in a single day, reaching $3,525, and has gained 38% in the last 30 days. Analysts are buzzing, implying that ETH still has a lot of upside potential as it continues to rise. Related Reading This latest breakthrough has inspired more general market confidence. ETH has risen by 10% over…

Bitcoin reserve bill introduced in Brazil’s Congress

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Brazilian legislators in the Chamber of Deputies have proposed allocating 5% of the nation’s $370 billion treasury to a Bitcoin strategic reserve. The proposed Bitcoin (BTC) bill would limit Brazil’s reserves to approximately $18.5 billion worth of the world’s most valuable cryptocurrency, currently valued at $1.83 trillion. Brazil’s Chamber of Deputies, the lower house of its National Congress, must pass the bill before it moves to the Federal Senate, the upper house. If lawmakers in the Federal Senate back the proposal, it will be sent to Brazil’s President for approval…