Monday, November 18, 2024
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U.S. Federal Reserve’s Barr Holds Line on Central Bank Needing Stablecoin Powers

The U.S. Federal Reserve needs to regulate and enforce the law against stablecoin issuers, said Federal Reserve Vice Chairman for Supervision Michael Barr, making the federal-oversight argument that has been the major sticking point as the U.S. House of Representatives debates legislation.Republican lawmakers have leaned into a state-oversight route for

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Bitcoin holds strong with higher market cap than Tesla despite bear market

Bitcoin has maintained a higher market capitalization than electric vehicle powerhouse Tesla, despite about 50% below its all-time high. Bitcoin is currently valued at $669.75 billion, significantly higher when compared to Tesla’s market cap of $630.83 billion. This is noteworthy given that Bitcoin is trading around $34,500, far from its historic

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Hashdex Holds Talks with SEC Over Bitcoin ETF Proposal

Hashdex’s proposed ETF stands out from existing cryptocurrency-related ETFs due to its unique approach, which is the purchase of physical Bitcoin. Brazilian crypto asset manager, Hashdex recently held extensive discussions with the Securities and Exchange Commission (SEC) regarding its proposal to launch an Exchange-Traded Fund (ETF) designed to purchase physical Bitcoin

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Bitcoin price holds $28K range as institutional investor maneuvering boosts sentiment

Bitcoin (BTC) price continues to show strength this week by hitting an intra-day high at $28,516 even as macroeconomic headwinds in the United States continue to weigh on investor sentiment. It’s possible that a certain degree of BTC’s price stability can be attributed to increasing institutional activity and positive institutional

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Bitcoin metrics ‘improve bullish odds’ as BTC price holds 200-week trendline

Bitcoin (BTC) continues to hold key support which new analysis says “improves bullish probabilities.”In an X (formerly Twitter) thread on Oct. 17, Caleb Franzen, senior analyst at Cubic Analytics, drew attention to two moving averages now forming the BTC price battleground.Analysis: Enduring Bitcoin support “a great sign”Bitcoin is wedged between

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UK Inflation Holds for September Following as Bank of England Suspends Further Interest Rate Hikes

The UK Chancellor of the Exchequer Jeremy Hunt is optimistic that inflation would ease. UK inflation came in for September at 6.7%, higher than expectations set by analysts. Also, inflation in the UK remained unchanged from August. While inflation remained unaltered, the UK’s headline consumer price index (CPI) met expectations from economists

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