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Bitcoin Price Prediction Bitcoin price predictions are gaining significant attention as the cryptocurrency’s value approaches its all-time high. Recent surges have propelled Bitcoin to $71,000, fueled by strong inflows into Bitcoin spot ETFs and renewed interest from institutional investors like Morgan Stanley and JPMorgan. The overall positive market sentiment, bolstered…

The American Bankers Association (ABA) on Monday urged House leaders to back a bill that would stop the Federal Reserve from creating a CBDC for individuals and using it for monetary policy tools. Congressman Tom Emmer (R-Minn.) introduced the CBDC Anti-Surveillance State Act (H.R. 5403) in Sept. 2023. The bill,…

New York Attorney General announced it has secured $2 billion from the bankrupt cryptocurrency firm Genesis Global to help pay back defrauded victims. In an announcement, the New York Attorney General said the settlement would be used to form a “victim’s fund” to help defrauded investors. This will include payouts…

Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price. On May 21, Bitcoin reached an intraday and six-week high of $71,650, marking a gain of over 7% within a 24-hour period. According to CoinGecko, this…

Former Congressman Kendrick Meek (D-Fla.) is hopping on board Coinbase’s global advisory council, The Hill reported on Monday. Faryar Shirzad, Coinbase’s chief policy officer, welcomed Kendrick for his experienced leadership, noting its importance in updating the system, especially with 52 million Americans diving into the crypto economy. Meek’s appointment to the…

The U.S. Securities and Exchange Commission (SEC) is requiring exchanges to update their spot Ethereum exchange-traded fund (ETF) filings. According to a recent post shared by Bloomberg Intelligence ETF analyst Eric Balchunas, the SEC is asking the applicants to file new Form 19b-4 on an “accelerated basis” to inform the…

Taiwanese national and dark web drug dealer Rui-Siang Lin, ‘Pharaoh’, who allegedly made more than $100 million in cryptocurrency sales of illegal narcotics, has been arrested by U.S. authorities. Lin used the identity “Pharoah” to operate the online “Incognito Market” for nearly four years and was arrested at New York’s…

Martin Gruenberg, the chairman of the United States Federal Deposit Insurance Corporation (FDIC), to step down from his position following an investigation that exposed a toxic workplace culture at the bank regulator. Gruenberg, who has been leading the FDIC since August 2005, made the announcement on May 20, expressing readiness…

Brazil’s central bank unveiled a multi-phase plan to regulate crypto and virtual asset service providers on Monday. It aims to finalize the regulatory proposals by the end of this year. These regulations will establish rules that verify and enforce greater transparency around the potential benefits and risks of these investments,…

The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed. Per the media outlet Overclockers, the claims came from industry insiders in a report from BitRiver. The latter is Russia’s biggest crypto mining player. The firm is one of the driving…