The state senator also introduced a similar bill to make Bitcoin legal tender in 2022 but did not succeed. Wendy Rogers, an Arizona state senator in the United States, has launched bills concerning cryptocurrency, including one that aims to make Bitcoin (BTC) legal tender in Arizona. In a recent tweet, Rogers...
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What is an ascending triangle pattern and how to trade it?
Ascending triangle patterns are one of the most popular chart indicators traders use, but it does not always mean the price will rally. Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern.What is an ascending triangle pattern?As the...
US institutions account for 85% of Bitcoin buying in ‘very positive sign’ — Matrixport
Matrixport’s head of research and strategy suggests the industry will soon see layer 1 and other altcoins outperforming relative to Bitcoin. Institutional investors are “not giving up on crypto,” with recent data pointing to as much as 85% of Bitcoin buying being the result of American institutional players, according to...
US securities regulator probes Wall Street over crypto custody: Report
The regulator has been probing registered investment advisors over how they've been offering crypto custody to their clients, according to sources. The United States Securities and Exchange Commission (SEC) has been probing traditional Wall Street investment advisors that may be offering digital asset custody to its clients without the proper...
Argo Blockchain accused of misleading investors in class action lawsuit
After a torrid 2022 that saw it sell off its flagship mining facility, Argo Blockchain's woes are worsening after a recent class action suit. Investors of crypto mining firm Argo Blockchain have filed a class action lawsuit accusing the miner of making untrue statements and omitting key information during its...
Bitcoin Cash Analysis: Bulls Aim A Push To $150
Bitcoin cash started a decent increase above the $120 and $125 resistance levels against the US Dollar. The price is now trading above the $125 zone and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $130 on the 4-hours chart of...
Congressman Hill to ‘make sure’ US is the place for blockchain innovation
The chair of the Financial Services Subcommittee on Digital Assets wants to make America the place for fintech and blockchain innovation. The chairman of the newly formed U.S. congressional subcommittee on digital assets has pledged for progressive crypto regulations to ensure that "America is the place for innovation in fintech...
Leaked bids: Binance, Galaxy Digital among secret bidders for Celsius assets
Crypto blogger Tiffany Fong has shared documents she claims to have obtained in late December detailing several bids for Celsius' crypto assets. At least five firms placed bids on Celsius Network’s crypto assets, including Binance, Bank To The Future and Galaxy Digital, according to leaked information shared by crypto blogger...
UK’s FCA hints at why its given only 15% of crypto firms the regulatory nod
The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants. Despite the plans to turn the region into a bustling crypto hub, the United Kingdom’s financial watchdog says it has given the all-clear to only 41 out of 300 crypto firm applications seeking...
US Senator Ted Cruz pushes for crypto in Congress… using snacks
A newly introduced resolution could potentially see lawmakers buying sodas and chips using crypto-supporting vending machines. Texan Republican Senator Ted Cruz is pushing the United States Congress to adopt cryptocurrency within its halls using an incentive both sides might agree on — food.Cruz introduced a concurrent resolution dated Jan. 25...