Bitcoin price is down today as a swift reversal in market sentiment triggered a wave of liquidations.
Bitcoin Regulations News
Bitcoin (BTC) was invented to challenge the hegemonic order of global finance, so naturally it has had a tense relationship with regulators since its early days. The technical and social roots of cryptocurrency largely stem from communities with a deep distrust of the state. From its design to its driving narratives, Bitcoin is a dissident technology.
However, due largely to founder anonymity, decentralized development and distributed architecture, Bitcoin has persisted despite early attempts by regulators to suppress the technology.
Nowadays, the legality of Bitcoin is not as ambiguous, and ongoing regulatory efforts are trying to situate it within finance rather than keep it out — from consumer protection and tax regulation to launching institutional investment vehicles such as exchange-traded funds (ETFs).
The challenge and concern around Bitcoin regulation is how patchwork legislation across jurisdictions may hinder the growth and maturation of the crypto economy that is intended to be a borderless, open financial system.
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The charter will enable WisdomTree’s newly founded entity to offer crypto custody, stablecoin issuance, and stablecoin reserve management services.
1441OKX was among the nine foreign crypto exchanges blocked in India after the local regulators issued compliance notices.
7697Steve Wozniak filed a lawsuit against YouTube and parent company Google over doctored videos that were used to promote a Bitcoin scam.
4670The Crypto Council for Innovation, Satoshi Action Fund, Texas Blockchain Council, Paradigm, Lejilex and the U.S. Chamber of Commerce all called on the SEC to establish guidelines.
2076The entire crypto market tumbled today as Bitcoin price dropped below $63,000 and large-cap altcoins sold off.
10872Japan’s Government Pension Investment Fund, the largest pension fund in the world, is willing to learn more about Bitcoin as a potential diversification tool.
47114Crypto traders are struggling to hold Bitcoin price above $68,000, and altcoins are suffering as a result of BTC's weakness.
6774Bitcoin’s allocation in investor portfolios has reached 3.7 times that of gold when adjusted for volatility, according to a JPMorgan analyst.
10361The U.K.’s Financial Conduct Authority says it won’t object to the creation of crypto-backed exchange-traded notes — a financial product similar to an ETF — on the condition they are restricted to professional investors only.
16122BlackRock’s ETF recorded the highest inflows of $350 million, while Grayscale saw $250 million in outflows.
10193According to Glassnode, BTC market sentiment is approaching the “euphoria” stage amid consecutive all-time highs.
12639The first country to adopt Bitcoin as legal tender has made another radical change to its tax code.
9513The Bitcoin ETFs appear to have opened many institutions’ eyes to Bitcoin as an alternate asset. Will the April halving accelerate the trend?
5188The case against Roman Sterlingov showed that Chainalysis tools are flawed — and shouldn't be trusted to convict defendants when they face decades in prison.
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