Top Exec Calls Out BIS for Misconceptions: Crypto Is Not Communism

The Bank for International Settlements (BIS) recently released a report highlighting the perceived dangers of cryptocurrencies. The President of CoinFund, Jake Brukhman, offered his perspective on these concerns. He mentioned that while risks do exist in the crypto market, they are not as severe as some may believe. According to Brukhman, the BIS report emphasizes [...]

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CZ calls on Elon Musk to take action against bots on the X social media platform

At a recent event discussing the impact of blockchain and cryptocurrencies, CZ made a passionate plea to Elon Musk to crack down on the use of bots in the market. He emphasized the importance of removing these automated programs that manipulate prices and harm regular investors. CZ stressed that action needs to be taken to [...]

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EU Regulator Calls for Full Coverage of Insurers Crypto Holdings Due to Volatility

The European Union regulatory body EIOPA has declared that when it comes to insurance companies holding cryptocurrencies as assets, a 100 percent stress factor should be applied. This indicates a high level of risk associated with these digital assets. The insurance industry has been cautioned against underestimating the potential risks posed by cryptocurrencies in their [...]

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Crypto Calls on Congress to Revise DOJ Rule Targeting Tornado Cash Developers

Cryptocurrency advocates are pushing for changes in how the US government classifies money transmitters under the current legal framework. The call comes amidst concerns about the regulatory hurdles facing crypto companies in the financial system. The industry argues that the Department of Justice (DOJ) and Congress need to update their definitions to better accommodate the [...]

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Democratic Lawmaker Calls on Treasury to Halt Trumps Bitcoin Reserve Proposal

A Democrat has requested Scott Bessent to stop President Trump’s investment in Bitcoin. The move comes amid concerns about the potential risks and implications of the President’s cryptocurrency holdings. The Democrat’s call for Bessent to divest from Bitcoin reflects growing unease over the intersection of politics and digital assets. The concerns raised by the Democrat [...]

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Paxos CEO Calls on US Lawmakers to Implement Cross-Border Stablecoin Regulations

Paxos CEO: U.S. Legislation to Determine Cross-Border Stablecoin Regulation The CEO of Paxos, a leading blockchain and cryptocurrency company, recently discussed the impact of U.S. legislation on the regulation of stablecoins across borders. In a statement, he emphasized the need for clear and inclusive regulations that foster innovation while protecting consumers and maintaining financial stability. [...]

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Research: Implied volatility shows only sideways movements for Bitcoin

The crypto derivatives market has grown so big in the past few years that it can be used as an indicator of future price movements.

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Proof-of-reserves: Can reserve audits avoid another FTX-like moment?

Crypto exchanges are actively releasing proof-of-reserves audits in order to build transparency but experts believe it would take more than that to regain investor trust.

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Warren Buffett Won’t Pay $25 for All Bitcoin in the World — Charlie Munger Calls BTC ‘Stupid and Evil’ – Featured Bitcoin News

Berkshire Hathaway CEO Warren Buffett says he won’t buy all the bitcoin in the world for $25. Meanwhile, his longtime business partner and right-hand man, Charlie Munger, says bitcoin is stupid and evil, noting that the cryptocurrency makes him look bad. Warren Buffett Explains Why He Won’t Buy Bitcoin Warren Buffett and Charlie Munger talked […]

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Elon Musk Promises to Make ‘Significant Improvements’ to Twitter — Calls Crypto Spam Bots ‘Single Most Annoying Problem’ – Featured Bitcoin News

Tesla and Spacex CEO Elon Musk has joined Twitter’s board of directors and promised to “make significant improvements” to the social media platform. Some changes he is considering include adding an edit button and solving the crypto spam bot problem, which he sees as the “single most annoying problem on Twitter.” Elon Musk Joins Twitter’s […]

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Berkshire Hathaway’s Charlie Munger Says Government Should Ban Bitcoin — Calls Crypto ‘Venereal Disease’ – Featured Bitcoin News

Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, wishes crypto would be banned immediately. He says the government made “a huge mistake” to allow cryptocurrencies, like bitcoin. “It’s like a venereal disease,” he opined. Charlie Munger Says ‘It Was a Huge Mistake’ to Allow Crypto at All Charlie Munger, Warren Buffett’s right-hand man […]

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Crypto Flipsider News – Unspent Miner Rewards Near ATH, Terra Becomes 2nd Biggest DeFi Network, VC Invests $30 Billion, BIS Calls for Global Regulation, Grim Finance $30M Hack, Polkadot’s Parachain Launch

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Continue reading Crypto Flipsider News – Unspent Miner Rewards Near ATH, Terra Becomes 2nd Biggest DeFi Network, VC Invests $30 Billion, BIS Calls for Global Regulation, Grim Finance $30M Hack, Polkadot’s Parachain Launch at DailyCoin.com.

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Yellen calls for a unified regulatory approach to address risks in the digital asset market

In a recent hearing United States Treasury Secretary Janet Yellen emphasized the urgent need for federal oversight of stablecoins, … Source link

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FCC Targets AI-Generated Voice Scams Under New Proposal

FCC Chairwoman Jessica Rosenworcel proposes making AI-generated robocalls illegal under the TCPA, aiming to combat fraud and misinformation. The initiative follows incidents like misleading robocalls in New Hampshire, with broader measures to protect consumers and enhance enforcement tools for law enforcement. (Read More)

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Fed pauses interest rates, but Bitcoin options data still points to BTC price downside

Fed Chair Jerome Powell announced a pause in interest rates, but Bitcoin options data still warns that a BTC price drop to $25,000 is possible.

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Bitcoin bears need BTC price to go below $27K ahead of Friday's $900M options expiry

Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday's expiry.

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Options Put/Call Ratio suggests cautious optimism among traders

Bitcoin options are a vital part of the broader cryptocurrency market, as the dynamics within these derivatives contracts can provide valuable insights into market trends and potential future movements. Bitcoin options are financial contracts that give investors the right but not the obligation to buy or sell Bitcoin at a predetermined price within a specified […]

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