This year’s rapid surge in U.S. states’ interest to put public money into cryptocurrencies before the federal government can establish a strategic reserve of digital assets has encountered mixed results after five such efforts flamed out, though Utah remains a single vote away from the finish line and Texas reportedly advanced a bill to its … Read more
Bitcoin’s (BTC) daily chart registered a bearish three-blind mice pattern over the past three days, taking BTC’s value outside the long-term established range between $110,000 and $90,000. Bitcoin 1-day chart. Source: Cointelegraph/TradingView Over the past 24 hours, Bitcoin tested the fair value gap, but BTC has struggled to establish bullish momentum from the $82,000 range … Read more
The Finance Ministry of Pakistan is considering forming a “National Crypto Council” to explore the legalization of cryptocurrencies in the country, according to a report from local publication Dawn. The change in position came after Finance Minister Muhammad Aurangzeb had a meeting on digital assets with a foreign delegation that included US President Donald Trump’s … Read more
Texas Senate Bill 21 (SB-21), establishing a Bitcoin and cryptocurrency strategic reserve, passed the Texas Senate Banking Committee on Feb. 27 in a 9–0 vote and now advances to the Senate floor for further deliberation. The bill gives the Texas Comptroller of Public Accounts the authority to acquire, sell and trade any investment “that a … Read more
Update: the CTO of TradingView told Cointelegraph in comments that the reports of a bug were inaccurate, and the Twitter user partially withdrew his earlier claims that the tool was broken. Popular chart analysis service TradingView reportedly contains a bug in the Fibonacci retracement technical analysis tool, according to a tweet by self-proclaimed certified Elliott … Read more
The United States has a huge opportunity to embrace blockchain technology, Web3 and crypto through legislation under a changing political landscape, Representative Bryan Steil said during a Feb. 26 interview. “My broader philosophical goal here is [as a policymaker]: How do we make sure that the United States is in a position to out-compete the … Read more
Successful new token listings on memecoin platform Pump.fun are down more than 80% from January highs, according to data from Dune Analytics. The daily number of tokens completing Pump.fun’s “bonding curve,” a prerequisite to listing on a decentralized exchange (DEX), is down to about 200 on Feb. 26 from as high as nearly 1,200 on … Read more
The United States Securities and Exchange Commission (SEC) has agreed in principle to drop its lawsuit against crypto firm Consensys. The suit claimed that aspects of MetaMask violated securities laws. According to Ethereum co-founder and Conensys founder Joseph Lubin, the SEC has agreed to file a motion effectively ending the case, and the conclusion of … Read more
US President Donald Trump’s first month in office has been highly volatile for risk assets, but his administration will likely be a net positive for Bitcoin in the long run, according to Standard Chartered. In a Feb. 27 interview with CNBC, Standard Chartered’s head of digital assets research, Geoffrey Kendrick, said he expects Bitcoin’s (BTC) … Read more
The founder of a so-called crypto hedge fund and market marker called Gotbit has been extradited from Portugal to the US, where he is facing charges related to market manipulation and wire fraud conspiracy. Aleksei Andriunin was arrested by Portuguese authorities on Oct. 8, and was extradited to the US on Oct. 25. Sometime after, … Read more