Everything is bigger in Texas, but when it comes to crypto-friendly legislation, this doesn’t seem to be the case… just yet. On March 12, 2021, Texas Representative Tan Parker introduced the Uniform Commercial Code, also known as UCC, amendment bill (House Bill 4474) to better adapt commercial law to blockchain innovation and digital asset regulations.
Tether (USDT), the world’s most liquid stablecoin, surpassed $40 billion in market capitalization on Wednesday, highlighting the rapid growth of cryptocurrency investing over the past year. At its highest point Wednesday, Tether’s market cap reached $40.1 billion, according to CoinGecko, making it the fourth-largest digital asset behind Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB).
Bitcoin (BTC) fell to its lowest level since March 8 on Thursday as U.S. dollar strength added to selling pressure near $60,000. BTC price saved from $40,000 zone Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD testing $50,000 for the first time since sealing the level as support earlier this month. After seeing rejection at
Bitcoin’s (BTC) price has been in retreat, down 20% since the recent all-time high at $62,000 in mid-March. As crypto markets are frequently volatile, this may very well be another normal pullback within the current bull cycle. Corrections are needed to generate strength for further upward momentum as markets can’t go up in a straight
press release PRESS RELEASE. The Foundation for Interwallet Operability (FIO) celebrates the first year anniversary since the community launched the mainnet of the open-source FIO protocol. With over one-hundred and fifty thousand users and some of the industry’s leading service providers such as ShapeShift, Coinomi, AscendEX (formerly Bitmax), Liquid.com and Edge integrating the FIO protocol,
Finance Redefined is Cointelegraph’s weekly DeFi-centric newsletter, delivered to subscribers every Wednesday. Uniswap V3 was publicly announced yesterday and I didn’t really get a chance to write about it, so I wanted to dedicate this newsletter to a review of V3 and the AMM space in general. My initial reaction to Uniswap V3 in one,
Controversial Bitcoin (BTC) spin-off Bitcoin Cash (BCH) has hit new all-time lows against its parent after Tesla publicly rejected using it for payments. In a series of tweets on March 24, CEO and “Technoking” Elon Musk confirmed that U.S. customers could now buy a Tesla using BTC — but his company shunned “fork products” such
After recording new all-time highs all throughout 2021, the value of Theta (THETA) dropped 25% in less than 24 hours leading into March 25, following news that the project’s mainnet launch had been pushed back two months. Theta is a blockchain-based video streaming platform that was gearing up for its official Mainnet 3.0 launch next
Leading U.S. cryptocurrency exchange Coinbase has announced it is “establishing a business presence in India” despite uncertain regulatory headwinds for crypto in the country. In a March 25 blog post, Coinbase revealed it is planning to house “some IT services, including engineering, software development and customer support operations in India,“ noting the country’s “huge pool
As Bitcoin markets begin to form another daily red candle, its market capitalization has dropped back below $1 trillion once again. The third major correction in the current bull market is deepening and prices are already down 12.5% from their all-time high of $60,100 on March 13. According to CoinGecko, the BTC market capitalization is
The legal tussle between the U.S. authorities and John McAfee continues as his associate Jimmy Watson has entered a plea. The former antivirus tycoon’s bodyguard has pleaded not guilty to the alleged cryptocurrency fraud case. McAfee and Watson Jr. Are Accused of Having Built a ‘Pump and Dump’ Scheme According to court documents, Jimmy Gale
As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution has announced today a $75 million Series B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera Capital, and Sequoia, among others. The team announced the raise in a Tweet: Announcing our $75M Series B, led by @paradigm,
According to a report by Coinshares, as of March 20, the weekly inflows into institutional crypto products has declined by about 59% when compared to the previous week. This suggests that institutional investors are taking a cautious approach after the recent bull run. However, that does not mean the institutional investors are dumping their holdings just
Agustín Carstens, general manager of the Bank for International Settlements, has called for even more crypto regulations stating that virtual currencies are a tool for circumventing financial laws. In an interview with CNBC on Wednesday, the BIS general manager identified money laundering and terrorism financing as areas that require more robust cryptocurrency regulations. Carstens’s comments,
Fidelity Investments, the $4.9 trillion asset manager, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to list a new Bitcoin (BTC) exchange-traded fund. The Wise Origin Bitocin Trust was filed with the SEC on Wednesday, according to a Form S-1 Registration Statement that appeared on the regulator’s website. The ETF
On March 24, Tesla CEO Elon Musk announced that U.S. buyers are now able to purchase Tesla vehicles with Bitcoin (BTC). Musk also tweeted that Tesla will not convert BTC payments into fiat but will add to its existing treasury of about 48,000 Bitcoin. Wedbush Securities analyst Dan Ives expects Bitcoin to account for less