House Fails to Overturn Biden’s Veto on Crypto Custody Guidance, SEC Offers New Path
The Security and Exchange Commission’s accounting bulletin 121 (SAB 121) requires companies, including banks, to…
House Fails to Overturn Biden’s Veto on Crypto Custody Guidance, SEC Offers New Path
The Security and Exchange Commission’s accounting bulletin 121 (SAB 121) requires companies, including banks, to hold crypto assets for clients as a liability on their balance sheets. This makes it inefficient for large banks to offer crypto custody services. Both the House and Senate passed a bipartisan Congressional Review Act (CRA) resolution to nullify this guidance,…
Bitcoin Recovery Stalls As HODLers Apply Selling Pressure
On-chain data shows that Bitcoin long-term holders have potentially been selling recently, something that may explain BTC’s continued bearish momentum. Bitcoin Exchange Inflow CDD Has Registered Huge Spikes Recently As an analyst in a CryptoQuant Quicktake post explained, old cryptocurrency tokens have recently been deposited in large quantities in centralized exchanges. The on-chain metric of…
SOL struggles to reclaim $145, but Solana network fundamentals remain solid
Solana’s onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160. #SOL #struggles #reclaim #Solana #network #fundamentals #remain #solid
Germany Depletes Bitcoin Stash After Selling Over 40,000 BTC
The German government has depleted most of its Bitcoin holdings after an extended period of selloffs that left crypto investors reeling under selling pressure. The origin of these assets can be traced back to 2013 through the proceeds of the operations of a now-defunct movie content piracy website called Movie2K. Reports came out in mid-January…
Will UK Economic Secretary follow through with a ‘crypto crackdown’?
MP Tulip Siddiq called for crypto regulation as shadow economic secretary while in the opposition, and now the Labour Party is in control of the UK government. #Economic #Secretary #follow #crypto #crackdown
Trading platform Abra purchased Valkyrie’s crypto trusts: Report
Abra purchased the trusts amid a settlement with 25 US state regulators connected to financial licensing violations. #Trading #platform #Abra #purchased #Valkyries #crypto #trusts #Report
Market Strategist Predicts 32% Stock Market Crash, How Will This Affect Crypto?
Peter Berezin, chief global strategist at BCA Research, has predicted that the stock market will experience a significant crash by 2025. His prediction is noteworthy, given the impact that a decline in the stock market could have on the crypto market. Market Expert Predicts 32% Crash In Stock Market Berezin mentioned in an interview that…
