Tag: News

US Lawmaker Introducing Legislation to Remove SEC Chairman Due to ‘Long Series of Abuses’ – Regulation Bitcoin News

boss

A U.S. lawmaker has announced that he is introducing legislation to remove the Securities and Exchange Commission (SEC) chairman in order to “correct a long series of abuses.” The SEC, under Chair Gary Gensler, has been heavily criticized for its enforcement-centric approach to regulating the crypto industry. Lawmaker Seeks to Remove SEC’s Chairman U.S. Congressman Warren Davidson (R-OH) has revealed that he is introducing legislation to remove the chairman of the U.S. Securities and Exchange Commission (SEC). The lawmaker from Ohio tweeted Friday: To correct a long series of abuses,…

Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump – Bitcoin News

boss

It has been a week since Ethereum’s Shapella hard fork, and statistics indicate that ethereum deposits on April 18 have exceeded withdrawals for the first time since the upgrade. At present, 929,999 ether worth $1.94 billion is pending withdrawal, and over the past three days, 112,568 ether has been added to liquid staking protocols. Just Under a Million Ether Worth Close to $2B Waits to Be Withdrawn; Average Network Fee Jumps Over $12 Per Transfer Since the Shapella upgrade, market participants have been closely monitoring Ethereum withdrawals as there was…

Russian Foreign Minister Sergey Lavrov Explains ‘Multipolar’ World View in Brazil – Economics Bitcoin News

boss

Sergey Lavrov, the Russian foreign minister, started his tour of Latin America on April 17, landing first in Brasilia to hold high-level talks with Brazilian President Luiz Inacio ‘Lula’ da Silva and Brazilian Foreign Minister Mauro Vieira. Lavrov insisted that Russia was building a “multipolar” world, while Vieira rejected the unilateral sanctions enacted against Russia. Russian Foreign Minister Sergey Lavrov Talks Multipolar World in Brazil Russian Foreign Minister Sergey Lavrov started his Latin America tour on April 17, landing in Brazil to hold high-level discussions with Brazilian President Luiz Inacio…

US Dollar’s Reserve Currency Status Eroding at ‘Alarming Pace’ – Economics Bitcoin News

boss

Asset management firm Eurizon SLJ’s strategists have warned that the erosion of the U.S. dollar’s global reserve currency status has accelerated at an alarming pace in recent years, especially following the onset of the Russia-Ukraine war. They noted that the USD has declined 8% in one year, which is “equivalent to 10 times the average annual pace of erosion in the USD’s market share in the prior years.” Strategists on the U.S. Dollar Losing Its Global Reserve Currency Status Eurizon SLJ Asset Management says the U.S. dollar experienced a significant…

Analyst – Economics Bitcoin News

boss

Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China will “exert more influence in global financial institutions and trade.” Analyst Explains Why U.S. Dollar’s Dominance Is at Risk Fitch Solutions’ global head of country risk, Cedric Chehab, explained why the U.S. dollar’s dominance is declining in an interview with CNBC on Sunday. Fitch Solutions provides financial information services;…

Robert Kiyosaki Expects Bitcoin’s Price to Keep Rising — Says ‘I’m Betting on It’ – Markets and Prices Bitcoin News

boss

The author of Rich Dad Poor Dad, Robert Kiyosaki, expects the price of bitcoin to keep rising. “I’m betting on it,” he said. Kiyosaki also shared that he bought 60 bitcoin when the price of the cryptocurrency was at $6,000 per coin. Robert Kiyosaki Expects Bitcoin’s Price to Keep Going Up The author of Rich Dad Poor Dad, Robert Kiyosaki, has expressed his confidence that the price of bitcoin will keep going up. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been…

Volt Inu is Ready to Launch VoltiEco the AI-Powered Ecosystem – Press release Bitcoin News

boss

press release PRESS RELEASE. Volt Inu announced on Twitter on April 18, 2023, that it would launch VoltiEco within the following 3 weeks. VoltiEco, an AI-powered ecosystem, will collect existing and upcoming crypto protocol airdrops to sustain the Volt Inu ecosystem by rewarding holders and ensuring project development. A new product developed by Volt Inu Volt Inu has recently announced that it would launch VoltiEco, a decentralized and autonomous protocol that aims to engage with multiple network, protocol, or blockchain airdrops. Through VoltiEco, Volt Inu aims to sustain the company’s…

Former US President Donald Trump Launches Second NFT Card Collection – Bitcoin News

boss

On April 18, former U.S. president Donald Trump announced a second series of his digital Trump card collection, following the “great success” of his initial non-fungible token (NFT) trading cards. Despite selling out rapidly, Trump stated on Truth Social that he maintained the initial card prices for the new collection. Trump Unveils Series 2 NFT Collection With Mar-a-Lago Dining Opportunity Trump is back with a new NFT collection featuring 47,000 digital cards minted on Polygon. His first NFT collection, launched in mid-December 2022, sold out within hours. The cards’ value…

ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations – Economics Bitcoin News

boss

There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default on its debts, it would be a “major disaster.” Lagarde Confident in U.S. Debt Management Despite Predictions of Possible Default Crisis for Government in August or September Although the United States of America is an…

SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit – Regulation Bitcoin News

boss

According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists that LUNA and UST were sold as unregistered securities. Additionally, a lawsuit initiated by New York attorney general Letitia James against Kucoin insists that ethereum is also an unregistered security. Lawsuits Against Crypto Exchanges Bring…