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The Commodity Futures Trading Commission (CFTC) chair Rostin Behnam has expressed a willingness for the agency to become a primary regulator for cryptocurrencies. This statement was made during a recent Senate Agriculture Committee hearing focused on digital commodities oversight. The discussion revolved around the CFTC’s request for expanded regulatory authority in the realm of cryptocurrencies.
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Blockchain technology has taken a significant step forward with the introduction of a new web application by ShardLab, the blockchain arm of Hashed. This innovative application is designed to simplify decentralized identity (DiD) and NFT voucher distribution, providing enhanced security and usability for everyday transactions. By incorporating technologies like account abstraction (AA) and zero-knowledge proofs
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A crypto analyst, known as ‘DonAlt,’ recently made a bold prediction on social media platforms, stating that Bitcoin would reach a staggering price of $100,000 in the near future. This optimistic outlook is based on the increasing interest in Spot Bitcoin ETFs and various forecasts indicating a potential bull run for the cryptocurrency market. DonAlt’s
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In the past month, Bitcoin has experienced a significant price dip of around 15%, causing it to drop below $54,000 for the first time since February. However, the asset has since recovered some of its losses and is currently trading at approximately $58,800. Despite this correction, many analysts and industry participants remain optimistic about the
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In the world of cryptocurrency, Ethereum (ETH) is currently dominating the market trends. This can be attributed to the recent filing of updated S-1 forms for spot ETH ETFs by major financial firms such as BlackRock, Fidelity, VanEck, and more. This development has sparked a lot of interest in Ethereum, with potential trading starting as
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Bitwise Chief Compliance Officer (CCO) Katherine Dowling recently shared insights regarding the progress of spot Ethereum ETFs, stating that they are nearing the final stages of approval. She mentioned that discussions with the Securities and Exchange Commission (SEC) have been positive and that the agency is receptive to conversations about new financial products. During an
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The recent drop in Bitcoin price by more than -22% since March has caught the attention of Jacob Canfield, a trading mentor at Trading Mastery. Canfield’s analysis focuses on historical patterns observed in Bitcoin’s pricing trends, suggesting a potential further decline in the Bitcoin price. According to Canfield, Bitcoin has a tendency to retest yearly
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