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Bitcoin An ‘Important Part’ Of Our Economy, US Senator Says The potential of the cryptocurrency industry to boost the US economy has been recently noted by US Senator Cynthia Lummis, who also emphasized the significance of seizing and utilizing these new opportunities. Related Reading: Deutsche Bank Dives Into Crypto: Ethereum Platform Tested To Fight Shrinking Profits Senator Lummis’ Crypto Advocacy In collaboration with Senator Kirsten Gillibrand and other colleagues, Lummis has played a key role in forming a financial innovation caucus and developing a regulatory framework for the rapidly expanding crypto sector. Lummis has been a proponent of cryptocurrencies for a long time and has often informed Congress on the importance of digital currencies. She highlighted Bitcoin’s utility both as an investment and a payment method, noting its increasing acceptance, particularly in the face of global inflation concerns. Reflecting on her time in the Senate, Lummis remarked on the progress made in understanding digital assets since she arrived. Initially, many Senate members lacked a clear understanding of digital assets, and Lummis has worked diligently to educate them about the distinctions between Bitcoin and other cryptocurrencies.

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BlackRock’s ETF Overtakes Grayscale, Becomes Top Global Bitcoin Fund With $20B In Assets In a significant development for the cryptocurrency market, BlackRock’s iShares Bitcoin Trust has become the largest fund dedicated to Bitcoin, accumulating nearly $20 billion in total assets since its US listing earlier this year. Bloomberg data reveals that as of Tuesday, the exchange-traded fund held $19.68 billion worth of Bitcoin, surpassing Grayscale Bitcoin Trust’s (GBTC) $19.65 billion position. Fidelity Investments’ offering is the third-largest fund with $11.1 billion in assets BlackRock’s iShares Bitcoin Trust Leads Inflows The launch of the BlackRock and Fidelity Bitcoin ETFs, alongside seven others, on January 11 marked a pivotal moment for the crypto industry. Simultaneously, the Grayscale vehicle, operating for over a decade, transitioned into an ETF. These developments significantly increased Bitcoin’s accessibility for institutional and retail investors and triggered a rally in the world’s largest cryptocurrency price, which soared to a record high of $73,700 on March 14.

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BREAKING: Former FTX Executive Ryan Salame Receives 90-Month Prison Sentence Ryan Salame, a former high-ranking official at Alameda Research and co-CEO of bankrupt crypto exchange FTX, has been sentenced to 90 months in prison for his involvement in what the US Southern District of New York calls “illegal political contributions” and operating an unlicensed money transmitter business. Conspiracy Charges In Financial And Political Schemes The sentencing, delivered by US District Judge Lewis A. Kaplan, follows Salame’s guilty plea to conspiracy to defraud the Federal Election Commission and conspiracy to operate an unlicensed money-transmitting business.

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BNB Forms Bullish Flag Pattern On 1-Day Chart – What’s Next? After a rally to create an all-time high, the price of Binance Coin (BNB) has been in a consolidation zone. During this consolidation, BNB’s price has managed to form a bullish triangle flag above the 100-day Simple Moving Average (SMA) in the 1-day timeframe. Currently, the price of Binance coin is moving between the $647 resistance level and the $498 support level building momentum for a bullish breakout with a total capitalization of $89,412,113,586, which is about 1.70% up in the last 24 hours, and a trading volume of $1,535,069,940, over 37% down in the last 24 hours. At the time of writing, BNB’s price was trading around $604 above the 100-day simple moving average, about 0.65% up in the last 24 hours.

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Bitcoin Whales Buy $1.34 Billion In BTC In One Day – Is Return To $70,000 Imminent? Following rumors of a potential Ethereum spot exchange-traded fund (ETF) approval, the Bitcoin price made a run at its current all-time high of $73,737. While the momentum was not sufficient to push the premier cryptocurrency to a new record price, BTC still managed to cross the $70,000 level for the first time in over a month. Bitcoin’s price soon experienced a correction and currently sits below $70,000 despite the SEC’s eventual approval of the ETH ETF. However, the latest on-chain revelation suggests that the BTC price might resume its upward movement sooner rather than later.

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El ETHA de BlackRock registra una importante entrada de 49,6 millones de dólares

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Ethereum (ETH) cae por debajo de los 2500 USDT con una disminución del 6,16 % en 24 horas

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El CEO de Amazon Insinúa una Alexa Mejorada con Capacidades de IA Generativa

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JPMorgan acepta pagar 100 millones de dólares en un acuerdo con la SEC

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Tether reporta ganancias netas de $2.5 mil millones en el tercer trimestre de 2024

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