US Senator Cynthia Lummis (R-WY) recently introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act” in the Senate with the aim of supercharging the US dollar and paying down the national debt through the establishment of a strategic Bitcoin reserve. The BITCOIN Act proposes the creation of a Strategic Bitcoin Reserve
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The Bahamas Securities Commission recently made an announcement regarding the passage of new crypto legislation, known as the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024). This move comes nearly two years after the collapse of FTX, a major crypto exchange. The goal of DARE 2024 is to bring regulatory clarity to the digital
The Elliot Wave theory has gained significant popularity among Bitcoin analysts as a tool for predicting the future price movements of the cryptocurrency. One pseudonymous crypto analyst, XForceGlobal, recently conducted an analysis using the 5-wave Elliot Wave theory to forecast the potential trajectory of the Bitcoin price. In the analysis posted on TradingView, XForceGlobal identified
BNB has recently shown a significant bullish momentum, with a positive candlestick crossing the 100-day Simple Moving Average (SMA) in the 4-hour timeframe. This uptrend has been a result of multiple rejections at the $572 level, which have paved the way for the bulls to take control and push the price towards the $605 resistance
Jonathan Mann, popularly known for creating a daily song for over sixteen years, along with conceptual artist Brian L. Frye, recently filed a lawsuit against the US Securities and Exchange Commission (SEC). The lawsuit revolves around the question of whether NFTs (Non-Fungible Tokens) representing digital art, like the ones created by Mann and Frye, should
The Ethereum price has recently corrected gains and dipped below the $3,300 level. This correction began after failing to break through the $3,400 resistance zone. Currently, ETH is consolidating and facing hurdles near the $3,300 resistance level. The price is trading below $3,330 and the 100-hourly Simple Moving Average, indicating a short-term bearish trend. A
Aayush Jindal is a prominent figure in the financial markets, with a wealth of experience spanning over 15 years in Forex and cryptocurrency trading. Known for his exceptional technical analysis skills, Aayush has established himself as a trusted advisor and senior market expert for investors worldwide. From a young age, Aayush showed a natural talent
The US Securities and Exchange Commission (SEC) recently made headlines by filing charges against Nader Al-Naji, the founder of the BitClout blockchain protocol, now known as Decentralized Social (DeSo). The SEC accuses Al-Naji of orchestrating a fraudulent scheme involving the unregistered offering and sale of crypto asset securities, resulting in the amassing of over $257
Goldman Sachs CEO David Solomon recently expressed his views on Bitcoin, stating that it could “very well” serve as a store of value similar to gold. While Solomon acknowledged the potential of Bitcoin as a store of value, he maintained a cautious stance towards the flagship cryptocurrency, viewing it primarily as a speculative investment with
Scott Matherson, a well-known crypto writer at NewsBTC, has made a significant impact on the crypto industry with his insightful articles. His ability to break down complex topics in a clear and engaging manner has helped readers understand the intricate world of cryptocurrency. With experience in industries such as banking and investment, Scott brings a