Did the crypto market bottom this week? — Here’s what the data shows

The recent vow by United States Senate leader Chuck Schumer to end federal prohibition of cannabis could have knock-on effects for Bitcoin (BTC) and the wider cryptocurrency industry.Schumer and fellow Democratic senators Ron Wyden and Cory Booker released a joint statement on Feb. 1, declaring their intention to comprehensively reform federal cannabis legislation. The statement…

Billionaire tech entrepreneur turned venture capitalist, Marc Andreessen says that Web3 and its underlying blockchain technology reminds him of the rise of the early internet. Andreessen, better known today as the co-founder of the blockchain-focused venture capital firm Andreessen Horowitz (a16z), originally found success by developing the first widely used web browser called Mosaic, and then…

Fresh lows of $16,300 mean that BTC/USD has lost over $3,000 in 24 hours after hitting highs of $19,480. 4764 Total views 15 Total shares Bitcoin (BTC) has continued falling on Nov. 26 as selling pressure transforms into the biggest losses — in terms of U.S. dollars — since March.Bitcoin price sheds over $3,000 in…

The potential behind the metaverse is becoming greater as virtual and physical worlds converge. Market intelligence firm Contrive Datum Insights recently found that the global metaverse market is estimated to surpass $1.3 trillion by 2030. According to the study, this growth will be driven by newly adopted virtual economy trends, combined with the rise of…

It’s unclear if Rep. Emmer will have enough support to win in a full floor vote, but the lack of a Speaker of the House has effectively halted all legislation since Oct. 3. 44 Total views 2 Total shares Republican members of the United States House of Representatives have chosen Tom Emmer, current majority whip

Privacy is a core characteristic of cryptocurrencies. Despite mainstream conception, however, it is not the primary goal of cryptocurrencies like Bitcoin (BTC) or Ether (ETH), and is more of an ancillary benefit of using cryptography. The situation is altogether different for cryptocurrencies that seek to maximize anonymity when transacting on the network.Networks like Monero (XMR)…

Bitcoin (BTC) and Ether (ETH) are commodities, while the status of XRP is still unclear, the chairman of the Commodity Futures Trading Commission (CFTC) said.CFTC Chairman Heath Tarbert has reiterated the regulator’s stance on both Bitcoin and Ether in an interview with online news outlet Cheddar on Jan. 13. Tarbert said:“So right now, Bitcoin and…

The filing followed similar applications from asset managers BlackRock and Fidelity in the last 7 days to include information on surveillance-sharing agreements. The most recent filing involving cryptocurrency fund manager Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) in the United States followed others by including a “surveillance-sharing agreement” with Coinbase.According to a July…