Crypto Currency

Bitcoin Nears $64,515 Resistance: Will A Breakthrough Ignite A Bullish Run?

Bitcoin (BTC) is on the brink of a significant price movement as it approaches the crucial resistance level of $64,515. The cryptocurrency asset has been experiencing an upward trend, gaining momentum and investor confidence.  Breaking through this key resistance could act as a catalyst for a major rally…

Bitcoin (BTC) is on the brink of a significant price movement as it approaches the crucial resistance level of $64,515. The cryptocurrency asset has been experiencing an upward trend, gaining momentum and investor confidence.  Breaking through this key resistance could act as a catalyst for a major rally…
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Crypto Currency

Crypto ETF Exodus: Record Outflows Signal End of Q2 Rally?

Bitcoin and Ethereum ETFs saw massive outflows, with BlackRock’s funds facing the brunt of withdrawals. Despite this, both cryptocurrencies rose slightly, bolstered by stock market rebounds and Fed rate cut expectations. The post Crypto ETF Exodus: Record Outflows Signal End of Q2 Rally? appeared first on BeInCrypto…

Bitcoin and Ethereum ETFs saw massive outflows, with BlackRock’s funds facing the brunt of withdrawals. Despite this, both cryptocurrencies rose slightly, bolstered by stock market rebounds and Fed rate cut expectations.
The post Crypto ETF Exodus: Record Outflows Signal End of Q2 Rally? appeared first on BeInCrypto…
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Crypto Currency

CFTC explores allowing futures exchanges to offer spot Bitcoin, crypto trading

Key Takeaways The CFTC is considering allowing futures exchanges to offer spot crypto asset trading, including Bitcoin. Public feedback is being sought on regulatory implications and procedures for listing spot crypto contracts on U.S. exchanges. Share this article

Key Takeaways

  • The CFTC is considering allowing futures exchanges to offer spot crypto asset trading, including Bitcoin.
  • Public feedback is being sought on regulatory implications and procedures for listing spot crypto contracts on U.S. exchanges.

Share this article

The Commodity Futures Trading Commission (CFTC) is launching a new initiative to allow spot trading of Bitcoin and crypto asset contracts on registered futures exchanges, also known as Designated Contract Markets (DCMs), Acting Chair Caroline Pham announced Monday.

The move is the first step in implementing recommendations from the President’s Working Group on Digital Asset Markets.

It is part of the CFTC’s “Crypto Sprint” initiative aimed at enhancing regulatory clarity, expanding oversight of crypto commodities, and deepening collaboration with the SEC to support responsible innovation.

“Under President Trump’s strong leadership and vision, the CFTC is full speed ahead on enabling immediate trading of digital assets at the Federal level in coordination with the SEC’s Project Crypto,” said Pham in a statement.

Currently, spot crypto trading and futures trading fall under separate regulatory frameworks. The SEC largely oversees spot trading, while the CFTC regulates futures derivatives.

By enabling futures exchanges to list spot crypto contracts under the Commodity Exchange Act on DCMs, the CFTC aims to unify oversight and create a more cohesive regulatory structure.

“There is a clear and simple solution the CFTC can implement now. The Commodity Exchange Act currently requires that retail trading of commodities with leverage, margin, or financing must be conducted on a DCM,” she added.

The CFTC is inviting stakeholder feedback on the listing of spot crypto asset contracts on designated contract markets. It will also evaluate potential implications under securities laws, particularly regarding the SEC’s framework for trading non-security assets that may form part of an investment contract.

Public comments are open through August 18 and can be submitted via the CFTC website. All submissions will be published on the agency’s official website.

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Crypto Currency

France’s far-right National Rally unexpectedly warms to Bitcoin after years of opposition

Key Takeaways France’s far-right National Rally party proposed using surplus nuclear electricity for Bitcoin mining, signaling a major policy shift. The initiative suggests growing political support for crypto despite prior opposition from party leaders. Share this article

Key Takeaways

  • France’s far-right National Rally party proposed using surplus nuclear electricity for Bitcoin mining, signaling a major policy shift.
  • The initiative suggests growing political support for crypto despite prior opposition from party leaders.

Share this article

France’s main far-right party, the National Rally (Rassemblement National, RN), long known for its skepticism toward crypto, is showing a new stance as its lawmakers join those from the Union of the Rights for the Republic (UDR) to back a proposal to use surplus nuclear energy for Bitcoin mining, according to a recent report from Le Point.

The proposal, filed by 77 members of the two parties on July 11, isn’t drawing attention for its chance of success, but for the change in tone from a bloc that once pushed for an outright ban on digital assets.

From money laundering fears to energy opportunity

The far-right’s turn toward crypto started earlier this year during parliamentary debates on drug trafficking. RN’s Aurélien Lopez-Liguori, who leads the digital sovereignty study group, became focused on provisions concerning crypto mixers linked to money laundering.

As he examined further, he began to see potential in repurposing excess electricity, especially from nuclear plants, for Bitcoin mining.

The proposal aims to harness surplus energy for profit. According to the Association for the Development of Digital Assets, a well-known French crypto industry group, mining operations could generate $100-150 million annually per gigawatt of capacity.

RN’s leader, Marine Le Pen, who called for banning crypto in 2016, even floated the idea publicly during her March visit to the Flamanville nuclear power plant.

In June, Lopez-Liguori pushed a related amendment, but his first shot was shut down. He came back with a full bill last month.

The lawmaker is proposing a five-year pilot project aimed at improving energy efficiency at state utility EDF. The goal isn’t to create a national Bitcoin reserve, but to follow Norway’s model, even as Norway has recently retreated from crypto mining.

RN remains divided, while Zemmour’s party embraces Bitcoin

Still, not everyone in the RN is on board. Some senior figures remain wary of embracing an asset class they view as unstable and ideologically incompatible with the party’s vision of state-controlled monetary sovereignty.

One anonymous party official dismissed crypto as “hot air,” warning of the political risks. Others are frustrated by what they see as premature messaging and internal divisions playing out in public.

In contrast, another known far-right party, led by Éric Zemmour, has leaned fully into the Bitcoin narrative. His close adviser Sarah Knafo delivered a speech at the European Parliament last December in which she lauded the promise of decentralized finance and accused the European Central Bank of authoritarian overreach.

The speech was applauded by El Salvador’s President Nayib Bukele and earned Knafo an invitation to the “Crypto Ball” in Washington this January, held just before Trump’s inauguration.

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Metaplanet Buys 463 BTC Worth $53.7M in Latest Bitcoin Acquisition

Key Takeaways: Metaplanet acquired 463 BTC for $53.7 million, averaging $115,895 per coin. The firm’s total Bitcoin holdings now stand at 17,595 BTC, worth approximately $1.78 billion. Company hints at The post Metaplanet Buys 463 BTC Worth $53.7M in Latest Bitcoin Acquisition appeared first on CryptoNinjas…

Key Takeaways: Metaplanet acquired 463 BTC for $53.7 million, averaging $115,895 per coin. The firm’s total Bitcoin holdings now stand at 17,595 BTC, worth approximately $1.78 billion. Company hints at
The post Metaplanet Buys 463 BTC Worth $53.7M in Latest Bitcoin Acquisition appeared first on CryptoNinjas…
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