Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
United States News
The United States has maintained the highest gross domestic product in the world since 1871, making it a critical player in the evolution of commerce, finance and technology. The U.S. has been home to some of the most successful, long-standing crypto exchanges and other businesses in the industry.
Over 10 years later, the role of Bitcoin (BTC) in the U.S.’s evolution into digital finance and commerce is still unclear, as U.S. cryptocurrency regulation is still inconsistent, hazy or, at best, done in a patchwork fashion across the 50 states and other territories.
Stay tuned as Coinpectra covers all the important updates and stories regarding the regulation, maturation and evolution of the crypto space.
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Trump praised Bitcoin and cryptocurrencies in a Friday press conference and said Bitcoin may help relieve pressure on the US dollar.
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The crypto exchange company is often used as a proxy to gauge the health and growth of the nascent crypto industry in the United States.
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Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.
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XRP spiked on Friday after Ripple CEO Brad Garlinghouse said the company is “closing this chapter once and for all” in its legal battle with the US regulator that began in December 2020.
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Several Democratic lawmakers have said that they will not vote to pass crypto regulations if potential conflicts of interest are not addressed.
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Nick van Eck, co-founder and CEO of Agora, behind one of the stablecoins Anchorage said it would phase out, claimed inaccuracies and an inconsistently applied framework.
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The Trump family–tied decentralized finance platform has seen growing interest from institutional investors.
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One investment adviser says Coinbase stock is looking strong despite being “due for a pullback,” but other analysts are more skeptical.
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Mounting macroeconomic risks, declining Bitcoin miner revenues, and cautious sentiment among investors could trigger a sharp BTC price correction.
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Pradeep Bhandari, spokesperson for India’s ruling BJP party, called for a Bitcoin reserve pilot and clarity on the country’s “taxed but unregulated” approach to crypto.
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Galaxy Digital raises $175 million for its first externally backed venture fund, targeting early-stage crypto startups.
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World Liberty Financial, the Trump-backed crypto venture, is preparing to publish its first stablecoin audit and may enable WLFI token transfers.
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Vincent Liu, the chief investment officer at Kronos Research, said buying Bitcoin alone isn’t enough to increase a company’s stock price; there needs to be a clear plan.
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Macroeconomist Lyn Alden said the US dollar barely “got any flight-to-safety bid” despite recent geopolitical tensions between Iran and Israel.
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