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MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman
By Kevin Helms
The U.S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the…
There will be drama, warns WEF expert on Bitcoin regulation
By Greg Thomson
Recent events in the crypto space have the smell of victory, but only represent small battles in an ongoing war. “Dramatic” changes are on the way. Those who oversee the traditional finance sector won’t just let Bitcoin (BTC) wander off…
Republican Kevin McCarthy says Fed chair needs more education on crypto
The House minority leader said the United States should not take a backseat to China when it comes to digital currencies. Kevin McCarthy, the minority leader in the U.S. House of Representatives, hinted that both the current Secretary of the…
Galaxy Digital submits Bitcoin ETF application with SEC
Mike Novogratz’s Galaxy Digital is the latest Bitcoin exchange-traded fund applicant in the United States. Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fund filing with the United States Securities and Exchange Commission. According to the form S-1 published by…
Why cryptocurrency is booming in India despite national ban fears
By Greg Thomson
Cryptocurrency is taking off in India despite regulatory fears, which many are now dismissing as nothing but FUD. India has been the subject of intense speculation regarding the future legal status of Bitcoin (BTC) and other cryptocurrencies in recent months.Speculation…
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Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish Itself if Governments Allow It
By Kevin Helms
Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding…
Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms
By Sam Bourgi
The blockchain industry is looking to shed the negative association between digital assets and crime as the threat of additional regulatory oversight looms. Crypto-focused lobby groups in Washington, D.C. are playing an increasingly vital role in reorienting policymakers away from…
Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns Bullish
By San Lee
Since March’s extreme volatility, Bitcoin price action has been far more stable. The major cryptocurrency has continued to hover around the $57,000 to $58,000 price level, seeing minimal fluctuations with the Bitcoin Volatility Index sitting at 3.21%. In South Korea,…
Tyler Winklevoss thinks Bitcoin is past the risk of a US ban
Bitcoin has likely become too interwoven into the world for a ban to be plausible, says the Gemini CEO. The United States government has increasingly stepped up its overwatch on crypto in recent years, although an outright ban on Bitcoin…