State senator pushes bill to make Bitcoin legal tender in Arizona

Wendy Rogers, an Arizona state senator in the United States, has launched bills concerning cryptocurrency, including one that aims to make Bitcoin (BTC) legal tender in Arizona.  In a recent tweet, Rogers cited data from investment firm Goldman Sachs that BTC is the best-performing asset in the world and announced that she launched a set […]

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US institutions account for 85% of Bitcoin buying in ‘very positive sign’ — Matrixport

Institutional investors are “not giving up on crypto,” with recent data pointing to as much as 85% of Bitcoin buying being the result of American institutional players, according to Matrixport’s chief strategist.  Markus Thielen, the head of research and strategy at the financial services firm, told Cointelegraph the evidence shows that institutions are not “giving […]

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Congressman Hill to ‘make sure’ US is the place for blockchain innovation

The chairman of the newly formed U.S. congressional subcommittee on digital assets has pledged for progressive crypto regulations to ensure that “America is the place for innovation in fintech and blockchain.” Speaking on CNBC’s Squawk Box on Jan. 26, Congressman French Hill offered some of his first insights into what is anticipated for crypto regulations […]

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CFTC’s Johnson urges Congress for expanded powers in crypto oversight

Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson has urged Congress to adopt legislation that “closes the current gap in the oversight of crypto spot markets.” During a speech at the digital assets conference at Duke University on Jan. 21, Johnson proposed a number of amendments that would enable the CFTC to conduct “effective due diligence” […]

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Crypto Markets Shrug Off Latest US Productivity, Jobs Data; Bitcoin’s Price Hovers at $22.9K

Equity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic contraction. Since the start of […]

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Coinbase fined for operating in the Netherlands: here’s why

Dutch Central Bank announces a $3.6 million fine on Coinbase. It says the crypto exchange has been in a regulatory violation. Shares of Coinbase Global Inc ended roughly flat on Thursday. Coinbase Global Inc seems to be up for another regulatory fine. On Thursday, the Dutch Central Bank forced a $3.60 million penalty on the […]

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Data shows pro Bitcoin traders want to feel bullish, but the rally to $23K wasn’t enough

Bitcoin (BTC) price had a mixed reaction on Jan. 25 after the United States reported a 2.9% gross domestic product growth in the fourth quarter, slightly better than expected. Still, the sum of all goods and services commercialized between October and December grew less than 3.2% from the previous quarter. Albeit somewhat optimistic, another data […]

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DeFi protocol Aave to deploy V3 upgrade on Ethereum

Aave holders approve major technical upgrade dubbed Aave Ethereum V3. The vote results showed a total of 706,258 AAVE, or 100% support. Aave Ethereum V3 is set for activation following the governance vote. The Aave community has approved an Aave Improvement Proposal (AIP), a governance proposal seeking to activate Aave V3 on the Ethereum network.  […]

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SEC rejects Ark21Shares spot Bitcoin ETF for the second time

SEC has denied the Ark Investment and 21 Shares joint spot Bitcoin ETF application. The agency says proposal failed to meet requirements as per securities laws, citing fraud and manipulative practices once again. It’s the second time the SEC has rejected an ETF proposal by the two firms, after denying the first one in April […]

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