‘I’d close it down’: Jamie Dimon endorses crypto ban in Senate hearing

At the “Annual Oversight of Wall Street Firms” hearing before the Senate Committee on Banking, Housing, and Urban Affairs on Dec. 6, Senator Elizabeth Warren (D-MA) questioned bank CEOs about illicit financial activities involving cryptocurrencies as part of a broader effort to advance regulatory legislation. Present at the hearing were the CEOs of JPMorgan, Wells …

Top Trader Says Santa Claus Rally in Play for Bitcoin Following Vertical Accumulation – Here’s His Upside Target

A trader who accurately called Bitcoin’s (BTC) 2018 bear market bottom believes that the crypto king is set for a Santa Claus rally. Pseudonymous analyst Bluntz tells his 230,400 followers on the social media platform X that Bitcoin spent about 38 days consolidating below $40,000 from late October to the end of November. According to …

Analyst Shares Setups on Ordinals (ORDI), Stacks (STX) and One Altcoin That Could Go ‘Much Higher’ in Coming Months

A widely followed crypto analyst is detailing his outlook on three altcoins, one of which he says could skyrocket in the coming months. Pseudonymous crypto strategist Altcoin Sherpa tells his 200,600 followers on the social media platform X that Ordinals (ORDI), a token focused on Bitcoin’s (BTC) ordinals protocol, appears primed to surge to the …

IRS Criminal Investigation Unit Says Crypto Tax Investigations Surged in 2023

The U.S. Internal Revenue Service’s (IRS) criminal investigation unit says crypto tax investigations are on the rise. The unit notes in a new annual report that the number of digital asset tax investigations have grown as crypto assets have become more mainstream. “These investigations consist of unreported income resulting from failure to report capital gains …

Robinhood CEO Says Potential Fed Rate Cuts and Two Additional Catalysts Boosting Crypto Optimism

Robinhood CEO and co-founder Vlad Tenev says that potential rate cuts by the Federal Reserve and two other things are sparking optimism in the crypto space. In a new interview on CNBC Squawk Box, Tenev says that the expected launch of spot market Bitcoin (BTC) exchange-traded funds (ETFs) and the increasing need for an inflation …

Bitzlato ex-CEO Legkodymov pleads guilty to one count in Brooklyn court

The Hong Kong-based crypto exchange had no KYC and was a major support for the darknet marketplace Hydra. News Join us on social networks Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, pleaded guilty to one count of operating an unlicensed money services business on Dec. 6. Legkodymov appeared in New York Eastern …

VC Roundup: Investors pick games, collectibles and creator economy

Baton, Wormhole, Rokid, Saga, Bazooka Tango, Authentic, and Intract are among the latest startups to secure venture capital funding. News Join us on social networks November strengthened venture capitalists’ confidence in crypto and Web3 projects, with major funding rounds returning to the charts alongside seed capital for early-stage firms.  Cross-chain protocol Wormhole, for instance, secured a …

Tether Allocating Part of Its Profits To Buy Bitcoin, Currently Holds $2,400,000,000 in BTC: Report

Top stablecoin issuer Tether now reportedly holds $2.4 billion worth of Bitcoin and has made more than $1 billion worth of profit off its BTC investments. Pseudonymous on-chain analyst EmberCN tells their 64,000 followers on the social media platform X that Tether currently holds a total of 57,576 BTC purchased at an average cost of …

Price analysis 12/6: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, TON

Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products. Price Analysis Join us on social networks Bitcoin (BTC) has been on a tear, rising more than 10% this week. This shows that traders are urgently scrambling to buy Bitcoin as they anticipate the price to rally …

Hong Kong regulator blocks access to two crypto entities, warning of fraud

According to the securities regulator, misleading information online could encourage individuals to invest in the HKD token issued by HongKongDAO. News Join us on social networks The Securities and Futures Commission (SFC) of Hong Kong has issued a warning related to suspected fraud involving crypto entities Hong Kong Digital Research Institute and BitCuped. In a …

Game studios quietly integrate blockchain without the buzzword

Blockchain technology is facing backlash from players and gaming developers, forcing some studios to avoid “buzzwords” tied with Web3. News Join us on social networks Cointelegraph was on the ground during the second edition of the Madeira Blockchain 2023, held between Nov. 30 and Dec. 1. The event explored regional Web3 developments, as well as …

Binance suspends euro stablecoin after 200% price surge

“We will assist the AEUR project team to provide reasonable compensation to affected users” within 72 hours, the exchange said. News Join us on social networks Crypto exchange Binance is reimbursing users and delisting the Anchored Coins Euro (AEUR) stablecoin after the token surged more than 200% in value after listing. According to a Dec. 6 …

Binance announces compensation for users who bought AEUR at inflated prices

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