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Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto

May 16, 2024 - by Nik Hoffman - Leave a Comment

Moments ago, the Senate passed legislation H.J.Res. 109 that would overturn the SEC’s Staff Accounting Bulletin (SAB) No. 121, preventing highly regulated financial firms from custodying Bitcoin and other cryptocurrencies. The …

Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto Read More
Bitcoin Latest News

Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan

May 16, 2024 - by - Leave a Comment

The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan Read More
Bitcoin Latest News

Red Alert For Bitcoin: Network Hashrate Takes A 20% Dive

May 16, 2024 - by - Leave a Comment

The post-halving world of Bitcoin continues to throw curveballs. After a hashrate surge to celebrate the block reward reduction in April, Bitcoin’s computational power has taken a nosedive, dropping 20% …

Red Alert For Bitcoin: Network Hashrate Takes A 20% Dive Read More
Bitcoin Latest News

As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency’s Long-Term Prospects Even Among Conservative Pros

May 16, 2024 - by - Leave a Comment

Spot bitcoin exchange-traded funds debuted with a giant splash in January, quickly attracting billions of dollars of investment. But who was buying them and why have inflows stalled in recent …

As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency’s Long-Term Prospects Even Among Conservative Pros Read More
Bitcoin Latest News

Why Did The Bitcoin Price Rise Above $66,000 Today?

May 16, 2024 - by - Leave a Comment

Bitcoin recently rose above $66,000 for the first time since April. This recent price rally from the flagship crypto is believed to be due to several factors, including the recently …

Why Did The Bitcoin Price Rise Above $66,000 Today? Read More
Bitcoin Latest News

Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum

May 16, 2024 - by - Leave a Comment

The miner’s bitcoin stash is a protective feature for investors and opportunistic capital for the business to use for growth, the report said.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price …

Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum Read More
Bitcoin Latest News

First Mover Americas: Bitcoin Tops $66K as Interest-Rate Cuts Loom

May 16, 2024 - by - Leave a Comment

The latest price moves in bitcoin (BTC) and crypto markets in context for May 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto …

First Mover Americas: Bitcoin Tops $66K as Interest-Rate Cuts Loom Read More
Bitcoin Latest News

Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here’s Why

May 16, 2024 - by - Leave a Comment

The ether-bitcoin ratio slides to a three-year low, extending year-to-date losses to nearly 16%.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here’s Why Read More
Bitcoin Latest News

CME to Launch Bitcoin Trading for Hedge Funds and Traders

May 16, 2024 - by Vivek Sen - Leave a Comment

The Chicago Mercantile Exchange (CME), the world’s largest futures exchange, is planning to offer spot bitcoin trading on its platform, according to a Financial Times report. This move would provide …

CME to Launch Bitcoin Trading for Hedge Funds and Traders Read More
Bitcoin Latest News

Bitcoin Traders Expect Prices to Hit $74K Highs as Selling Pressure Eases

May 16, 2024 - by - Leave a Comment

One trading desk has seen an uptick in call buying activity with targets of as high as $120,000 for December 2024.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

Bitcoin Traders Expect Prices to Hit $74K Highs as Selling Pressure Eases Read More

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