Here's Shiba Inu Price if Bitcoin Hits $250,000 and $777,000 – The Crypto Basic
Shiba Inu will break through unprecedented price lows if it mirrors Bitcoin’s projected trajectory towards the $250,000 and $777,000 thresholds. This week, the cryptocurrency market experienced a brief struggle with the bears as Bitcoin once again crashed into the $70,000 range. Over the past two days, Bitcoin has fallen 7.76% and retested the $66,000 price […]
Ether ETF gets surprise approval from regulators in boost for crypto
The U.S. Securities and Exchange Commission on Thursday approved applications from Nasdaq, CBOE and the New York Stock Exchange to list exchange-traded funds (ETFs) linked to the price of Ethereum, potentially paving the way for these products to begin trading later this year. ETF issuers also need to get approval before they can launch their […]
Crypto regulation bill passed in the House, heads to Senate – Quartz
The US House of Representatives on Wednesday night passed the Cryptocurrency Market Structure Act, which aims to regulate the entire industry. RFK Jr.’s GameStop investment is interesting, executive says The bill, called the Financial Innovation and Technology for the 21st Century Act (FIT21), would effectively classify cryptocurrencies as commodities rather than securities, exempting them from […]
FIT21 crypto bill passes US House: Here's what could happen next – Cointelegraph
A bill that would clarify the role of the U.S. securities and commodities regulator in policing cryptocurrencies is heading toward an unknown future as it makes its way to the Senate before reaching U.S. President Joe Biden’s desk. The Republican-led 21st Century Financial Innovation and Technology Act (FIT21) (HR 4763) passed the House of Representatives […]
XRP Bullish Breakout Targets $15-$20; Analyst Predicts 2,000% Gains – The Crypto Basic
Analyst Javon Marks sees strong RSI momentum for XRP and predicts a bullish breakout with a price target of $15-$20 and a potential return of up to 2,000%. XRP We are approaching a key convergence point identified by recent technical analysis and approaching a key moment.financial analyst Javon Marks is highlighted This development was highlighted […]
‘Historic Settlement’: Bankrupt Crypto Lender Genesis To Repay $2 Billion To Alleged Defrauded US Investors
Bankrupt lender Genesis has agreed to repay $2 billion to investors it allegedly defrauded across the United States, New York prosecutors announced Monday. New York Attorney General Letitia James said the agreement will create a victims’ fund that will benefit hundreds of thousands of investors and creditors, including at least 29,000 New Yorkers. The settlement, […]
Coinbase adds former Rep. Kendrick Meek as House tees up crypto vote
Former Rep. Kendrick Meek (D-Fla.) will join Coinbase’s global advisory board, the crypto trading giant first told The Hill. Meek’s addition to the Global Advisory Council comes ahead of the House vote on the Financial Innovation and Technology for the 21st Century Act, also known as FIT21. What FIT21 makes is Major changes Regulation of […]
Biden may rethink SAB 121 vote veto due to political support for crypto – Cointelegraph
On May 16, 2024, a majority of the U.S. Senate passed the Congressional Review Act (CRA) to review Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 121 (SAB 121). Passed by US Senate H.J.Res. 109 The vote was 60-38, an unprecedented turnout for a U.S. Congress. In addition to the excellent support of HJRes. […]
New York crypto personality used 'Seinfeld' joke in fraud, feds reveal – CNBC
The Brooklyn U.S. Attorney’s Office said in a statement that from 2019 to 2022, Thomas John Sfraga, 55, “was the owner and president of multiple companies, including Vandelay Contracting Corporation and Build Strong Homes LLC. “I was doing it,” he announced. George, a character from the TV show Seinfeld, [Costanza] Falsely claimed to have been […]
Two Chinese nationals arrested in $73M ‘pig butchering’ crypto scam
U.S. authorities have charged two Chinese nationals with a cryptocurrency scam that laundered at least $73 million from victims. The Ministry of Justice stated: Friday. U.S. authorities arrested Zhang Yicheng in Los Angeles on Thursday, according to an indictment unsealed later that day in the U.S. District Court for the Central District of California. Darren […]