The price of bitcoin has steadied after a spectacular flash crash pushed the cryptocurrency down nearly 19 percent intraday on Tuesday—the day El Salvador adopted it as legal tender—but analysts say investors should brace for more volatility. “Post liquidations can push prices around for a few days,” wrote cryptocurrency technician Daniel Joe, in an analytical…
Sen. Cruz Warns That Bipartisan Infrastructure Bill Could ‘Obliterate’ Cryptocurrency
August 10, 2021
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The Senate voted on and passed the bipartisan $1.2 trillion Infrastructure Investment and Jobs Act on Tuesday. The bill has undergone several amendments and debates, but Republican and Democratic senators alike still express concerns over the language in a section of the bill that they fear could destroy the blooming cryptocurrency industry. Sen. Ted Cruz…
Cryptocurrency Negotiators at ‘Impasse’ Over Tax Reporting Rules
By Laura Weiss From CQ-Roll Call Senators hit a roadblock Thursday night on adjustments to the bipartisan infrastructure package’s cryptocurrency reporting rules as the White House weighed in to push a smaller change. The bill’s lead negotiators, Sen. Kyrsten Sinema (D-Ariz.) and Sen. Rob Portman (R-Ohio), joined with Sen. Mark Warner (D-Va.), on an amendment…
As Scrutiny Mounts, Crypto Exchange Binance to Wind Down Derivatives in Europe
LONDON—Major cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives business across Europe, the latest move by the platform to dial back its product range as pressure grows from regulators across the world. Binance users in Germany, Italy, and the Netherlands will be unable to open new futures or derivatives…
Amazon Denies That It Will Accept Bitcoin as a Form of Payment
By Entrepreneur Staff Last week, Amazon ran an ad saying it was looking for a cryptocurrency expert without giving much more information. “The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s blockchain and digital currency product strategy and roadmap,” reads the job listing, which can be read here. With…
Crypto Industry Demands Regulation as Banks Refuse to Do Business
Australia’s cryptocurrency industry has called for government intervention after banks have continued to refuse to provide services to the sector. In a series of submissions to a Senate inquiry over Australia’s future as a technological and financial hub, cryptocurrency exchanges have unanimously called for a regulatory regime that will instead bolster the nation’s rapidly evolving…
Cryptocurrency Trading Volumes Slump 40% in June, Data Shows
LONDON—Trading volumes at major cryptocurrency exchanges fell by more than 40 percent in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors depressing activity. Spot trading volumes fell 42.7 percent to $2.7 trillion, with derivative volumes down 40.7 percent to $3.2 trillion, London-based researcher CryptoCompare’s data showed. “Headwinds…
Bitcoin Tumbles 10 Percent in Wake of Deepening China Clampdown
LONDON/TOKYO—Bitcoin tumbled almost 10 percent on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China’s expanding clampdown on bitcoin mining in thin liquidity for the losses. Bitcoin fell as low as $32,094 to its lowest in 12 days, dragging smaller coins down. It…
NTD Evening News Full Broadcast (June 8)
An encrypted messaging platform developed by the FBI led to a series of raids and over 800 arrests, an anonymous buyer in Miami used cryptocurrency to buy a $22 million penthouse, and shocking footage shows the French president getting slapped in the face during a meet-and-greet in southern France.
Trump Blasts Bitcoin as ‘Scam’ That Threatens Dollar’s Role as Reserve Currency
Former President Donald Trump took Bitcoin into his crosshairs on Monday, calling the blockchain-based cryptocurrency a “scam” that threatens the greenback’s dominance as the world’s chief reserve currency. “Bitcoin, it just seems like a scam,” Trump told Fox Business’s Stu Varney in an interview. “I don’t like it because it’s another currency competing against the…
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