Bitcoin (BTC) stayed rangebound at the July 28 Wall Street open despite further United States inflation data beating expectations. BTC/USD 1-hour chart. Source: TradingView Fed’s “preferred” inflation metric points to waning pressure Data from Cointelegraph Markets Pro and TradingView showed BTC price action getting only a modest boost from the Personal Consumption Expenditures (PCE) Index
0 Comments
Crypto exchange Binance and its CEO Changpeng “CZ” Zhao requested the dismissal of a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC). In a July 27 court filing, attorneys for Binance and CZ accused the CFTC of exceeding its regulatory authority and engaging in regulatory overreach. The filing states that the CFTC
0 Comments
In a thought-provoking blog post titled “Moai,” Arthur Hayes, co-founder of the renowned crypto exchange BitMEX, delves into the potential impact of Artificial Intelligence (AI) on the future of economic organization and the role of Ethereum. Hayes argues that the rise of AI-driven Decentralized Autonomous Organizations (DAOs) will revolutionize the global economy and propel Ethereum
0 Comments
In April 2021, the European Commission presented its proposal for harmonized rules on artificial intelligence (AI), dubbed the Artificial Intelligence Act (AI Act). After the Council of the European Union and the European Parliament finalized their positions in December 2022 and June 2023, the legislative institutions entered a trilogue on the upcoming AI regulation.  The
0 Comments
Bitcoin (BTC) is facing the prospect of a “big bull move” as stablecoin buying power returns, on-chain data hints. Analysis courtesy of on-chain analytics platform CryptoQuant now shows stablecoin supply metrics repeating historical bull market patterns. “Major leading indicator” flips bullish for BTC price Bitcoin is in peak accumulation mode, according to CryptoQuant’s Stablecoins Ratio
0 Comments
Coinbase CEO Brian Armstrong has urged United States citizens to take action and email their representatives to vote “yes” on the Financial Innovation and Technology for the 21 Century Act (FIT21), which may provide regulatory clarity for crypto.  On July 26, lawmakers voted in favor of FIT21 and the Blockchain Regulatory Certainty Act. The bills
0 Comments
Bitcoin shifted toward $30,000 on July 26 as the Federal Reserve delivered a fresh interest rate hike. BTC/USD 1-hour chart. Source: TradingView Bitcoin tames volatility ahead of Powell press conference Data from Cointelegraph Markets Pro and TradingView showed Bitcoin’s (BTC) price performance strengthening after the Federal Open Market Committee (FOMC) took rates 0.25% higher. While still fairly
0 Comments
Bitcoin (BTC) traders braced for classic volatility on July 26 as the United States Federal Reserve interest rate decision dawned. BTC/USD 1-hour chart. Source: TradingView “Let the games begin” for Bitcoin — FOMC day arrives Data from Cointelegraph Markets Pro and TradingView showed BTC price action hovering near $29,200. While barely moving since the start
0 Comments
Canada’s financial watchdog is proposing changes to its capital and liquidity approach to crypto assets, according to an announcement on July 26. According to the Office of the Superintendent of Financial Institutions (OSFI), the proposed rules will simplify institutions’ approach to perceived crypto risks, defining four categories of crypto assets and their capital treatment. OSFI
0 Comments
While most crypto market watchers remain focused on Bitcoin’s ongoing struggle with $31,000, Ethereum recently closed above the psychologically important $2000 level for the first time in weeks. Now poised to close lower for four straight days, let’s take an evidence-based approach and determine whether four consecutive days lower for Ether is historically bullish or
0 Comments