The following are five news items worth noting in the cryptocurrency space over the past 24 hours:

1. Federal Reserve Chairman Powell stated that Bitcoin is more like virtual gold rather than a substitute for the dollar.

2. Mt. Gox has made a massive transfer of tens of thousands of Bitcoins, valued at billions of dollars, potentially for creditor compensation.

3. Congressman Hill will investigate banks refusing services to crypto businesses, stating that legitimate companies should receive financial support. U.S. banks have been accused of pressuring to close crypto accounts, and Hill has promised a thorough investigation in Congress.

4. Ripple supports Trump's nomination of Paul Atkins as SEC Chairman, looking forward to his innovation-friendly policies. The industry expects advancements in digital asset regulation and innovation under new leadership.

5. Circle becomes the first stablecoin issuer to comply with Canada's new crypto asset regulations, committing to meet the Ontario Securities Commission's requirements, marking further progress in industry compliance.