Louisiana Governor Jeff Landry recently made headlines by signing a bill that has significant ramifications for the world of cryptocurrency. The bill, named HB 488, goes beyond just prohibiting central bank digital currencies (CBDCs) and delves into protecting crypto mining. This move has sparked discussions and debates within the crypto community about the implications of
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Coinbase, a prominent player in the cryptocurrency market, is facing potential regulatory challenges over its compliance with new Financial Accounting Standards Board (FASB) rules. These rules, which were approved in 2023 and are set to take effect in 2025, shift the accounting and disclosure for crypto assets to a fair-value model from a cost-less-impairment model.
Bitcoin is currently experiencing a significant decline in its price, steadily approaching the critical $60,000 mark. The shift in market sentiment has become increasingly bearish, influenced by a combination of macroeconomic factors and a recent surge in selling pressure. This has led to Bitcoin struggling to maintain higher levels, causing anxiety among investors and traders.
In the realm of Artificial Intelligence (AI) cryptocurrencies, NEAR Protocol, The Graph, and Oasis Network have emerged as the top contenders with the most development activity in the last 30 days. The market intelligence platform Santiment has ranked these cryptocurrencies based on their development index. NEAR Protocol takes the lead with a development index of
A crypto analyst recently highlighted the possibility of Bitcoin facing further declines, potentially dropping to $52,000 lows. The analyst pointed out that Bitcoin has broken key support levels, indicating a shift from a bullish to a bearish position. This prediction was based on a post made on X (formerly Twitter) by crypto analyst Justin Bennett,
The ongoing case involving Ripple is a significant topic within the cryptocurrency industry, with potential implications for the price of XRP. Analysts are actively studying technical patterns to forecast potential price points, regardless of the outcome of the SEC lawsuit. One prominent analyst, EGRAG CRYPTO, recently identified a bullish candle formation called the quarterly hammer.
The cryptocurrency industry experienced a significant milestone in May, with a total of $1 billion in investments reported. Ethereum emerged as the dominant player in these investments, showcasing its strong market presence. Despite facing money laundering accusations, Binance executives had tax evasion charges dropped by Nigerian authorities. This development sheds light on the complex legal
The recent performance of Bitcoin has left investors feeling uncertain about the future of the leading cryptocurrency. Over the past week, Bitcoin, along with many other large-cap assets, experienced significant losses. Despite a brief recovery, the price of Bitcoin fell below $65,000 for the first time in over a month, signaling potential further downside. According
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been a hot topic in the cryptocurrency community since it entered the trial phase in April of this year. The outcome of this legal battle could have far-reaching implications for Ripple, XRP, and the entire cryptocurrency market. If Ripple were to lose
Bitcoin has seen a notable decline in the price, dropping below the $64,000 mark to reach $63,564. This downward trend has resulted in a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Despite this, Arthur Hayes, the co-founder of BitMEX, remains bullish on Bitcoin, advocating for