Bitcoin price rejects at $53K as futures open interest hits a 2-year high
Bitcoin price surged to $53,000 today. Cointelegraph explains why.
Bitcoin price surged to $53,000 today. Cointelegraph explains why.
The Chamber of Digital Commerce claimed Senators Elizabeth Warren and Sherrod Brown were “trying to kill the entire industry” with the Digital Asset Anti-Money Laundering Act.
The digital Turkish lira is set to be an intermediated CBDC with self-sovereign identity and offline transfers.
The two letters, each several pages long, mainly urge common sense and adherence to widely accepted standards.
Former FTX CEO Bankman-Fried is scheduled to return to court on Feb. 21 for a similar hearing regarding potential conflicts of interest in his legal representation.
Senator Elizabeth Warren reportedly called for donations for her 2024 reelection by calling John Deaton a “big cheerleader for crypto interests” ahead his campaign launch.
India banned crypto exchanges that didn’t comply with FIU guidelines, but market experts point to a lack of regulatory clarity and high taxation, forcing crypto traders to rush to foreign exchanges.
U.K. Minister Bim Afolami says the government is working “very hard” to pass crypto-specific legislation in the country.
According to CoinDesk, Virginia's Subcommittee on General Government has allocated $17,192 a year to the Blockchain and Cryptocurrency Commission. The funds will help run the committee and cover travel expenses. The commission was recently legislated to make recommendations related to blockchain technology and cryptocurrencies. The proposed funds will be allocated in 2025 and 2026, slightly less than the $22,048 a year set aside for the Artificial Intelligence Commission over the same period. Meanwhile, the Virginia Autism Advisory Council will receive $12,090 yearly for the two years. Virginia recently established the Blockchain and Cryptocurrency Commission in the legislative branch of the state department, as per a 2024 session report. The commission will consist of 15 members who will study and make recommendations for blockchain technology and digital assets. The yearly expenditure of $17,192 is estimated to cover the costs associated with meetings, including travel expenses.
Banks continue to raise objections that have already been accounted for in digital euro design, the authors say.