National Sheriffs’ Association Drops Opposition to Clarity Act
Bitcoin Magazine National Sheriffs’ Association Drops Opposition to Clarity Act The National Sheriffs’ Association this week dropped its opposition to the crypto Clarity Act, after having previously warned that the proposed bill could help criminals. Writing Thursday to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the association said it was changing its […]
Bitcoin Bear Market May Not Yet Be Over, Says Fidelity
Bitcoin Magazine Bitcoin Bear Market May Not Yet Be Over, Says Fidelity Bitcoin may be rallying but that doesn’t mean the bear market is over. Not yet, anyway. A new report from asset manager Fidelity said that while bitcoin was behaving like it did in previous cycles, it could still hit a bottom in November. […]
Bitcoin-Gold Correlation Hits Six-Year High as Debasement Fears Mount
Bitcoin Magazine Bitcoin-Gold Correlation Hits Six-Year High as Debasement Fears Mount Bitcoin’s correlation with gold is at its highest in six years as investors increasingly look for ways to hedge against currency debasement. That’s according to a new report from Bitwise, which this week pointed out that the precious metal and leading cryptocurrency are trading […]
French Hill Eyes Bipartisan Path for Clarity Act Ahead of September Vote
Bitcoin Magazine French Hill Eyes Bipartisan Path for Clarity Act Ahead of September Vote U.S. congressman French Hill expressed the importance of bipartisan support to get the long-awaited crypto market structure bill, the Clarity Act, over the line before the midterms. The lawmaker told Fox Business Thursday that Democrats and Republicans have come to “narrow […]
Kraken and SoFi Link Crypto Trading To Banking Rails
Bitcoin Magazine Kraken and SoFi Link Crypto Trading To Banking Rails Payward, the parent company of crypto exchange Kraken, and fintech company SoFi Technologies on Thursday announced a deal to route SoFi customers’ crypto orders through Kraken’s institutional trading platform and list SoFi’s stablecoin on the exchange. Under the agreement, SoFi will send its digital […]
Bitcoin Rallies Over $81,000 — And Brings BTC-Related Stocks With It
Bitcoin Magazine Bitcoin Rallies Over $81,000 — And Brings BTC-Related Stocks With It Bitcoin surged on Thursday — but industry-related stocks rose even quicker as a rally that started weeks ago again picked up steam. The price of the biggest cryptocurrency hit as high as $81,282 on Thursday morning in New York, a nearly 3% […]