Author: CryptooTimes

The U.S. House of Representatives is set to vote on the Financial Innovation and Technology for the 21st Century Act (HR 4763), commonly referred to as FIT21, by the end of this month. According to a letter from a16z, this bill seeks to clarify cryptocurrency regulations by defining the responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), thereby creating a clear regulatory framework for digital assets. Despite some industry concerns about the strict requirements for decentralization and potential jurisdictional overlaps, the bill is seen as a vital move toward regulatory clarity.  This bipartisan…

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Hashrate forwards signal bullish sentiment as analysts predict higher hashprice in the next 6 months, buoyed by Bitcoin’s $70,000 rally despite challenges. Hashrate futures contracts traders seem optimistic about Bitcoin‘s near-term prospects, with indications pointing towards a bullish sentiment as future hashprice quotes persist above spot price. HASHPRICE & HASHRATE MARKET UPDATE!Hashrate Forwards are trading in contango since the Halving, with future hashprice quotes above spot price.Bullish hashrate traders expect hashprice to rise over the next 6 months. They anticipate difficulty may fall/stagnate, transaction… pic.twitter.com/4ZLgN6Jxyp— Hashrate Index (@hashrateindex) May 21, 2024 Analysts at Hashrate Index wrote anticipate a rise in…

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The Federal Bureau of Investigation (FBI) has arrested a dark web narcotics marketplace owner after tracking illicit crypto transfers. Rui-Siang Lin, a 23-year-old Taiwan resident, was found guilty of operating a $100 million dark web narcotics marketplace.  Known online as “Pharoah,” Lin was arrested on May 18 at the John F. Kennedy Airport in New York. He operated the ‘Incognito Market’ for approximately four years and reaped “millions of dollars in personal profits,” FBI Assistant Director in Charge James Smith said in the official statement. The illicit platform, one of the largest platforms of its kind, was an onion-based e-commerce…

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple sees a slight surge as its lawsuit nears conclusion, while experts predict Wormhole could reach $1.11 by June, and Rebel Satoshi’s RBLZ emerges as a top contender. As the SEC-Ripple case nears an end, the SEC contests Ripple’s claims in its closing brief. Amid debates over XRP’s status, investors eye Rebel Satoshi‘s cryptocurrency ICO. Let’s get the latest on these two top crypto projects. SEC files final response in Ripple suit In the ongoing legal battle between the…

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