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Coinbase Takes Legal Action Against SEC The U.S. Securities and Exchange Commission (SEC) has denied Coinbase Global's Petition for Rulemaking, which sought regulatory clarity in the crypto industry. Coinbase filed the petition in July last year, specifically requesting "potential rules to identify which digital assets are securities." After receiving no response from the SEC for […]

Bitcoin's price dynamics as of Dec. 15, 2023, present an intriguing narrative, characterized by a combination of bullish trends and nuanced fluctuations. Following the U.S. Federal Reserve meeting on Wednesday, BTC's price experienced an improvement but has since entered a period of tight consolidation. Bitcoin Price and Market Overview As of Friday, bitcoin (BTC) is

Georgetown Professor Urges SEC to Embrace In-Kind Creation Method for Spot Bitcoin ETFs A finance professor at Georgetown University has recently voiced his concerns over the U.S. Securities and Exchange Commission's (SEC) proposed cash-only rule for the creation and redemption of spot bitcoin exchange-traded funds (ETFs). Instead, the professor advocates for the use of the

Overview of November's CPI Data In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, recorded a modest increase of 0.1%. This consistent annual rise of 3.1% reflects subtle economic shifts, with energy costs experiencing a significant decline while expenses for housing and food continue to gradually rise. Falling Energy Prices Play

Analyzing Bitcoin's Market Stance As of December 13, 2023, the price of bitcoin stands at $41,197, showcasing a dynamic interplay between various technical indicators. Over the past 24 hours, bitcoin's trading journey has oscillated between $40,712 and $41,957, highlighting a state of cautious optimism among traders. Oscillators and Their Significance Bitcoin's oscillators, including the relative

Introduction Several U.S. lawmakers have recently introduced a bipartisan bill aimed at combating terrorist organizations by imposing sanctions on foreign entities, including cryptocurrency platforms, that facilitate financial transactions for terrorists. The legislation not only seeks to crack down on these illicit activities but also aims to equip the Treasury Department with additional resources to address

Gold reached a historic high of $2,117 per troy ounce on December 3, 2023, but its price has since dropped by 5.33% in the past week. Despite this peak, its year-to-date increase against the U.S. dollar remains relatively modest at 9.9%. On the other hand, bitcoin, the leading cryptocurrency in terms of market capitalization, has

Tether's Impressive Growth Tether, the leading stablecoin by market capitalization, has witnessed a remarkable surge in supply, with an increase of 5.5% in the last month alone. This surge has propelled Tether's market valuation to an impressive $90 billion. Since the beginning of 2023, Tether (USDT) has experienced substantial growth. Starting the year with a

The Unjustly Vilified Heroes Prostitution, blackmail, slumlords, and Bitcoin miners who censor transactions may seem like unsavory characters, but they are actually heroes of the free market economy. Despite facing widespread scorn and outlawry, these individuals provide valuable economic services. To truly understand their heroism, we must remove the shackles imposed upon them by misguided

Insights into the Surge of Bitcoin's Price Yiannis Giokas, a senior director with Moody's Analytics, has provided insights into the factors behind the recent surge in bitcoin's price, highlighting the anticipated approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Moody's Analytics, a subsidiary of Moody's Corp. focusing on