US lawmaker Wiley Nickel has taken a stand against the Securities and Exchange Commission’s Staff Accounting Bulletin 121 (SAB 121), calling for its repeal. This regulation mandates that financial institutions holding crypto assets must include them on their balance sheets. While some argue that this rule stifles the growth of the crypto sector, President Joe
Huobi Global (HGBL) Hong Kong Limited recently made the decision to pull its application for a cryptocurrency trading license from Hong Kong’s Securities and Futures Commission (SFC). This marks the second time that Huobi HK has withdrawn its application, raising significant questions about the company’s future in the region. The withdrawal came just two months
In a recent interview with Yahoo Finance’s “Wealth,” Ric Edelman, founder of the Digital Assets Council of Financial Professionals and the asset manager of $291 billion Edelman Financial Services, discussed his bold prediction for the future price of Bitcoin. According to Edelman, Bitcoin’s price could potentially surge to $420,000, driven by a global shift towards
The BNB price is currently displaying bearish signals as it struggles to surpass the $600 threshold. In order to shift towards a bullish trend, the price must establish itself above the $575 and $585 resistance levels. Following an unsuccessful attempt to breach the $600 resistance zone, the BNB price has experienced a fresh downtrend. Presently,
In a groundbreaking move, the state of Oklahoma has taken a significant step towards protecting the rights of individuals engaging in cryptocurrency-related activities. Governor Kevin Stitt recently approved HB 3594, a bill that ensures the freedom to use and hold crypto assets without interference from the state government. This bill is set to come into
XRP has been facing challenges in the market recently, with Binance announcing that it will no longer support XRP as a margin asset for trading. This news has raised concerns among traders, leading many to question whether it is time to sell their XRP holdings. The removal of XRP and TUSD as margin assets by
As reports surface detailing Tokyo-based Bitcoin exchange Mt. Gox’s plans to release a significant amount of Bitcoin (BTC) into the market, creditors affected by the infamous 2011 hack attack are eagerly anticipating the disbursement of owed payments. The Kraken Bitcoin (BTC) and Bitcoin Cash (BCH) API interface have indicated that Mt. Gox is preparing to
In the midst of the recent decline in Bitcoin’s price and the overall cryptocurrency market, renowned cryptocurrency analyst and enthusiast Titan of Crypto has brought attention to the $61,500 price level as a critical threshold to monitor for the largest cryptocurrency. Titan of Crypto’s analysis delves into this level as a pivotal point for Bitcoin,
In the realm of meme coins, FLOKI has been making waves recently. Despite the overall market downturn, FLOKI managed to rally by 8.8% within the last 24 hours. This particular cryptocurrency, inspired by Elon Musk’s pet Shiba Inu, has seen a significant increase in value over the past year. Long-term FLOKI holders have witnessed a
Deutsche Bank has recently made a significant leap into the world of digital assets and tokenization by partnering with the Monetary Authority of Singapore (MAS) in Project Guardian. This innovative initiative focuses on testing asset tokenization applications in a regulated environment to assess their viability and potential integration within the financial markets. Joining Deutsche Bank