Pennsylvania Congressman Glen Thompson has proposed a thoughtful, well-formulated blueprint for “crypto regulation” that aligns with the U.S. Treasury Department’s proposals. Source
Yellen Call for 'Responsible' Crypto Innovation Is Right
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Environmental Groups Call on US Government to Implement Stringent Bitcoin Mining Regulations
Local and national activists are banding to limit what they consider are the industry’s adverse effects on the environment. Original
Microstrategy Could Get a Margin Call if Bitcoin Drops to $21k, But the Company is Prepared
Summary: Michael Saylor’s Microstrategy could face a margin call on its debt if Bitcoin drops below $21k However, the company is prepared to add funding to their existing position Microstrategy recently secured a loan of $205 million in late March, payable monthly beginning this month till March 2025 Microstrategy now holds 129,218 Bitcoins with a cumulative impairment loss of $1.071 billion The business intelligence and analytics company of Microstrategy could be set to receive a margin call on its debt if Bitcoin (BTC) drops below $21k. This is according to…
Wall Street’s Latest ‘Market Manipulation’ Scandal Should Be a Wake-Up Call for Crypto
Bill Hwang may be a criminal, or he may have simply been playing the Wall Street game according to a set of unwritten but accepted rules – after all, in this day and age, cheating and lying are practically qualifications for working in high finance. Crypto has the distinct advantage of transparency – Hwang couldn’t have caused as much damage if he hadn’t concealed his levels of concentration and leverage. In most cases, similar behavior by a layer 1 or other protocol would be much more visible. The question is…
LUNA Supply Drops to All-Time Low – But Don’t Call It Deflationary
“This results in a large price movement for the LUNA asset, as there is not only significant buying but also significant supply reduction,” said Dustin Teander, analyst at blockchain data platform Messari. “Both forces push the LUNA price higher, leading us to where we are now.” Source
US Lawmakers Call for More Oversight of Cryptocurrency’s Environmental Impacts – Bitcoin News
Twenty-three U.S. lawmakers have called on the U.S. Environmental Protection Agency (EPA) to increase oversight of cryptocurrency’s environmental impacts. “We request that the EPA evaluate ‘Proof-of-Work’ mining facilities’ compliance with environmental statutes,” they said. Lawmakers Want More Oversight of Bitcoin Mining Industry U.S. Representative Jared Huffman (D-CA) and 22 other Congress members jointly sent a letter to Environmental Protection Agency (EPA) Administrator Michael Regan regarding cryptocurrency mining operations Wednesday. The congressman from California is the chair of the United States House Natural Resources Subcommittee on Water, Oceans and Wildlife. He…
US House Democrats Call for Scrutiny on Crypto Mining as Environmental Threat
“We have serious concerns regarding reports that cryptocurrency facilities across the country are polluting communities and are having an outsized contribution to greenhouse gas emissions,” according to the letter, signed by lawmakers including Brad Sherman and Jamaal Bowman of California; Alexandria Ocasio-Cortez of New York; and Jesús G. “Chuy” García and Marie Newman of Illinois. “People living near crypto mining facilities are already suffering the effects of air, water and noise pollution from these facilities.” Source
GBTC premium nears 2022 high as SEC faces call to approve Bitcoin ETF ‘people really want’
Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings as pressure mounts on regulators. Data from on-chain monitoring resource Coinglass confirms that as of April 21, the Grayscale Bitcoin Trust (GBTC) is rebounding toward 2022 highs. Grayscale CEO: “‘If’ not ‘when’” for U.S. Bitcoin spot ETF After a problematic year so far, GBTC has benefitted from steadying Bitcoin price action. Bitcoin’s descent from November’s all-time highs added to an already negative “premium” on GBTC, meaning that its share price in fact traded at…
Singapore Wants More Control Over Crypto Companies That Call It Home but Aren’t There; Major Cryptos Drop
Bitcoin, the largest cryptocurrency by market capitalization, was recently trading just below $46,000, down from a high earlier in the day above $47,000 and off about 1% over the past 24 hours,. Ether, the second-largest crypto by market cap, was changing hands at a little over $3,400, down roughly 1.5%. Source
IOST, SKALE Network and CELR gain 30% as traders call for an altseason
Volatility is back in full force in the cryptocurrency market and the price of Bitcoin (BTC) has undergone several $1,000 swings over the past few days and select altcoins have seen their prices surge to new highs after major announcements. The big winners on March 31 include protocols that focus on interoperability between the major blockchain networks as well as projects that are looking to release major updates in the near future. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro…