Texas legislature passes new bitcoin mining laws

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The 88th session of the Texas Legislature has passed a series of bills set to influence the state’s bitcoin mining industry. In the recent 88th legislative session, Texas lawmakers have made strides in legislation impacting local bitcoin miners. Several bills have passed which are set to make the state increasingly appealing to the crypto-mining industry. Lee Bratcher, president of the Texas Blockchain Council, envisions Texas becoming a major hub for digital assets, comparing it to the…

Bitcoin liquidity impacted on Binance US amid SEC suit

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC’s recent lawsuit against Binance US heralds a grim phase for bitcoin liquidity. Amid a flurry of allegations, withdrawals, and an aggressive regulatory stance, we examine the tumultuous unfolding events and their far-reaching implications on the crypto market and investor sentiment. Sitting at the intersection of technology and finance, the crypto market is no stranger to stormy weather. Yet, the recent legal tempest stirred by the (SEC) against Binance US, a subsidiary of the worldwide…

Bitcoin Price (BTC), ETH, USDT Trade at Premiums on Binance.US as Users Flee Following SEC Lawsuit

The BTC-U.S. dollar trading pair on Binance.US jumped as high as $28,800 earlier on Wednesday morning, some $1,700 higher than the average price across other exchanges at that time, data shows. Recently, the BTC-USD pair was changing hands at $27,900, while the CoinDesk Bitcoin Price Index (XBX), which feeds from prices on multiple exchanges, stood at around $26,400. The difference represents an almost 6% price premium on Binance.US. Original

Bitcoin rebounds, briefly surges above $27k

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite regulatory uncertainty with news of the SEC lawsuit against Binance and Coinbase, bitcoin saw a strong rebound over the last 24 hours. The coin saw prices as high as $27,243.60, according to a Tweet by CoinGecko on June 6. Steps towards a recovery At the time of writing, bitcoin has since retracted back to $26,508.01, where it currently sits at a 2.03% gain, which still positions the coin in the top 10 gainers for June…

Bitcoin Price (BTC) Shows Resilience Amid SEC Lawsuits Against Binance, Coinbase

Bitcoin (BTC) quickly bounced back after tumbling to a three-month low of less than $25,500 on Tuesday following news that Coinbase (COIN), had been sued by the U.S. Securities and Commission Exchange (SEC) on allegations of violating federal securities law. This followed a similar suit against Binance on Monday. Already on its heels following the Binance suit, bitcoin sank further on the Coinbase action before recovering throughout the day to again top $27,000. It’s retreated a bit overnight Wednesday to the current $26,800, still up 4% over the last 24…