Louisiana Governor Jeff Landry recently signed a bill, HB 488, that has significant implications for the use of digital currencies within the state. This bill prohibits central bank digital currencies (CBDCs) and aims to protect crypto mining activities. One of the key aspects of the bill is that governing authorities are now prohibited from accepting
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Coinbase, a leading cryptocurrency exchange, may soon face regulatory challenges due to its compliance with the new FASB accounting rules. These rules, which shift the accounting and disclosure for crypto to a fair-value model from a cost-less-impairment model, have raised concerns among accounting experts. The new FASB accounting rules, agreed upon in 2023 and set
Kanav Kariya, the President of Jump Crypto, recently announced his resignation in the midst of investigations by the Commodity Futures Trading Commission (CFTC). This move has raised questions and concerns within the digital assets market, particularly regarding the future direction of Jump Crypto. Jump Crypto, a digital asset arm of the Chicago-based trading firm Jump,
Bitcoin is currently facing a significant decline in its price, approaching the critical $60,000 mark. The market sentiment has turned bearish due to a combination of macroeconomic factors and increased selling pressure. This shift has caused anxiety among investors and traders as Bitcoin struggles to maintain higher levels. Analyzing Bitcoin’s current price action on the
Aayush Jindal is a prominent figure in the financial markets, boasting over 15 years of experience in Forex and cryptocurrency trading. His journey to expertise began at a young age, where his natural aptitude for deciphering complex systems and patterns set him on a path towards becoming one of the foremost authorities in the industry.
Aayush Jindal is a prominent figure in the financial markets, with an impressive track record spanning over 15 years in the fields of Forex and cryptocurrency trading. His expertise in technical analysis has established him as a trusted advisor and senior market expert, guiding investors worldwide through the complexities of modern finance with his sharp
The price of Bitcoin is facing a potential downturn, with a possibility of dropping to as low as $52,000. This forecast comes from a crypto analyst, Justin Bennett, who highlighted the breaking of key support levels as a crucial indicator of a shift from a bullish to a bearish position. The current price trend shows
The recent performance of the Bitcoin price over the last week has left much to be desired, with the leading cryptocurrency facing challenges once again. This downward trend has not been unique to Bitcoin alone, as many other large-cap assets have also experienced significant losses during this period. The data from recent price action indicates
Recently, Ripple, a popular cryptocurrency company, has found itself in the midst of legal turmoil. A US judge in California has approved a lawsuit against the company based on claims that its CEO, Brad Garlinghouse, made misleading statements that may have influenced investors. The lawsuit stems from a 2017 interview in which Garlinghouse discussed his
Bitcoin, the leading cryptocurrency, has faced a recent decline in price, dropping below the $64,000 mark. This downward trend has sparked significant discussion within the crypto community. Notably, Arthur Hayes, co-founder of BitMEX, remains bullish on Bitcoin despite the current market conditions. Hayes attributes this optimism to his analysis of global economic conditions and central