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US Senate Overturns SEC Rule Barring Firms From Holding Bitcoin

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The US Senate has officially voted to overturn a US Securities and Exchange Commission (SEC) rule that prevents regulated financial firms from holding Bitcoin and other cryptocurrencies. The legislation, H.J. Res. 109, had previously passed in the US House last week. The decision approves the reversal of the SEC’s Staff Accounting Bulletin (SAB) No. 121. Subsequently, the legislative action against the regulators was met with bipartisan support. Now the joint resolution invalidating the previous SEC rule will reach the desk of the President. JUST IN: US Senate votes to overturn SEC rule preventing highly regulated financial firms from holding #Bitcoin and crypto. — Watcher.Guru (@WatcherGuru) May 16, 2024 Also Read: US Senate Bill Proposes Bank-Like Regulations on DeFi US Senate Passes Bill Allowing Regulated Firms to Hold Bitcoin Over the last several years, the digital asset market and the SEC have formed a contentious relationship. A large part of that ha
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Coinbase to Tap Into Australia's Billion Dollar Pension Sector

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Coinbase, a prominent global crypto currency exchange, plans to develop a service specifically for Australia ’s self-managed pensions sector. The integration of crypto currency into the pensions sector, particularly self-managed super funds [SMSFs], is not a recent development. Since March 2019, there has been a notable rise in the inclusion of crypto assets in Australia n SMSFs. The firm’s Asia-Pacific Managing Director, John O’Loghlen shed light on this development. The latest figures from Australia ’s Taxation Office indicate that nearly 1 billion Australia n dollars is now invested in crypto currencies within these funds. This is a significant jump from 197 Australia n dollars in December 2019. However, the volatility and risks associated with crypto currencies have resulted in considerable losses for some investors. A March 2023 report from Reuters highlighted that thousands of Australia ns with SMSFs investing in crypto currencies have collectively lost millions. Also Re
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Solana Meme Coin Bulls Aim For 185% ROI On SLOTH Amid Top 10 CEX Listings Rumors

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Solana meme coin Slothana ($SLOTH) has been making new all-time highs as it pulls in buyers eager to take pole position for even bigger gains to come. Currently priced at $0.035, $SLOTH was trading as high as $0.0565 at the beginning of the week. Now bulls are targeting $0.10 for upside of 185% in the near term.  If word on the crypto grapevine is correct, $SLOTH could easily surpass that price target, with meme coins continuing to outperform the rest of the crypto market – and Solana-based tokens are leading the way. Rumors of a top 10 centralized exchange listing is set to add to the momentum created by a token burn mechanism that has seen bulls charge into the $SLOTH market. The most recent $1 million burn led to a price pump shortly after the event news was posted on X. $SLOTH Faithful! Word on the branch is that the smoke from our forest fires has caught the attention of some big exchanges. This we can neither confirm nor deny, but it’s probably, mayb
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BNB Greenfield Erdos Hardfork

BNB Greenfield Erdos Hardfork, BNB Greenfield seeks to decentralize control over data such that no one entity can control, forcefully remove or seize someone else’s data. The BNB Greenfield network is about to undergo the Erdos hardfork, introducing major updates and enhancements to the platform. Important information and key actions required: The  Testnet  Serengeti hardfork is scheduled to occur at block height 8,285,529. Based on the current block interval, it is estimated to take place on  May 16th at 07:00 AM UTC . The  Mainnet  Serengeti hardfork is scheduled to occur at block height 7,861,456. Based on the current block interval, it is estimated to take place on  May 29th at 07:00 AM UTC . What’s New for Greenfield? To enhance user experience, the developer community is introducing the following Features and bug fixes: Add new cross-chain channel `ExecutorChannel` and corresponding cross-app `ExecutorApp` (PR  #595 ) Implement storage fee paymaster (PR  #582 ) What’s New for St
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New Cryptocurrency Releases, Listings, & Presales Today – GreenWAVES, Preprints.io, Cifi

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Digital assets are gaining increased recognition with Paradigm, a popular liquidity network, launching linear options altcoin trading on the Deribit exchange. Meanwhile, the market is progressing upward in today’s trading session.  On another note, the crypto arena has witnessed an influx of new crypto currency releases, listings, & pre sales today . InsideBitcoins lists such tokens, including their use cases, partnerships, and current market outlook. New Cryptocurrency Releases, Listings, and Presales Today GreenWAVES is an ecosystem built around its native token, GreenWAVES ($GRWV). It provides diverse services and initiatives to enhance crypto payments and bolster community involvement. 5th Scape attracts considerable attention from market participants, amassing investments exceeding $5.9 million in its ongoing presale phase.  Furthermore, Preprints.io, a blockchain-powered platform, aims to elevate academic research, ensure accessibility, and harness data effectively. CIF
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Tether freezes $5 million in USDT amid phishing concerns

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Tether, the world’s largest stablecoin issuer, has taken decisive action by freezing $5.2 million in USDT, distributed across 12 Ethereum (ETH) wallets, to address and mitigate phishing -related security threats. This move is part of Tether’s ongoing strategy to combat financial crimes, including money laundering and phishing scams, which misuse its stablecoin within the growing $110 billion market. The frozen funds were identified on the blockchain security platform MistTrack , which flagged these wallets as “USDT Banned Addresses.” Picks for you Ripple dumps 75% of May XRP reserves in a single sell-off 34 mins ago Who will be the first trillionaire? 1 hour ago We asked ChatGPT-4o what will be Gold price at the end of 2024; Here’s what it said 1 hour ago President Biden blocks Chinese-backed crypto miner near Wyoming nuclear site 2 hours ago ️MistTrack Alert Just now, #Tether froze ~5.2 million $USDT on 12 addresses. These addresses are as
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Bitcoin Holds Firm Above $60,000 And Continues Its Range

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May 13, 2024 at 19:25 // Price Author Coin Idol The price of Bitcoin (BTC) has held above the psychological price level of $60,000 since the price drop on April 13, 2024. Bitcoin price long-term forecast: bearish Bulls are buying every dip to stay above the $60,000 support level. However, buyers have failed to keep the price above the moving averages over the past month. Any price rise above the 21-day SMA was stopped by the moving average lines. On May 10, the largest cryptocurrency retested the 21-day SMA and Bitcoin fell sharply to a low of $60,184. The bulls bou
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Shiba Inu: Machine Learning AI Predicts SHIB's Price for May 15

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The cryptocurrency market seems to be in a slump, with the global market cap falling by nearly 1% in the last 24 hours to $2.35 trillion. Shiba Inu (SHIB) follows the larger market trend, falling 3.7% in the daily charts, 12.3% in the weekly charts, 8.7% in the 14-day charts, and nearly 11% in the previous month. Source: CoinGecko Also Read: Shiba Inu: Can SHIB Rally 1157% In A Few Days Like in 2021? The market dip could be due to macroeconomic reasons, such as high inflation and fading expectations of an interest rate cut. Moreover, global geopolitical tensions may have added to investor fears. Machine learning AI predicts Shiba Inu’s price for May 15 According to CoinCodex, SHIB could see a price bump over the next few days. The platform anticipates SHIB to hit $0.00002343 on May 15, 2024. Reaching $0.00002343 from current levels would translate to a growth of about 7.63%. Moreover, CoinCodex predicts SHIB will continue its bullish trajectory for the rest of the month,
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Bitcoin Advocate Dismisses ETF Potential for XRP, BCH, and LTC as Rollblock Gears Up to Improve Online Gambling

If you sift through the trends in the crypto industry, you’ll begin to notice the growing reputation of Rollblock, which aims to revolutionize online gambling through the implementation of blockchain Features . So far, the project is witnessing a significant uptrend in momentum, with several analysts predicting Rollblock could be positioned as one of the best altcoins to watch in 2024.  Meanwhile, a renowned Bitcoin advocate, Michael Saylor , has hinted that tokens other than Bitcoin, such as Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and other altcoins, will not get an ETF approval from the US Security and Exchange Commission (SEC). More details below. Rollblock (RBLK) Introduces Revolutionary Blueprint to the Future of Online Casino Rollblock (RBLK) is changing the way gamers navigate casino platforms for the better by introducing a GambleFi protocol on the blockchain to counter the shortcomings of centralized casino sites. For context, some of Rol
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Next Cryptocurrency To Explode Saturday, May 11 — Monero, Akash Network, TRON, UMA

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Bitcoin has been quite unstable since the halving event in April this year. Its recent price drop has made investors and analysts question the potential for a bullish momentum in the crypto market, recording a price drop of over 3% in the last 24 hours. The drop has reduced the token’s value to $60,714.80 at the time of writing. Many small investors are re-entering the cryptocurrency market, hoping for big profits in the current risk-taking climate of 2024. Looking at the data for certain alternative coins, some have already gained value, and more gains are expected. This suggests that a few of these coins might become the next cryptocurrencies to explode . Next Cryptocurrency To Explode Investors can capitalize on the moment and take a position in upcoming tokens like 99Bitcoins. The project aims to make a big comeback in Q3 2024, with a successful presale of its new 99BTC token and Learn-to-Earn platform. This post covers the details of its presale. 1. Monero (XMR)  In the XMR c
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Top Crypto Gainers Today May 10 – Golem, SushiSwap, GMX, OriginTrail

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Bitcoin (BTC) faces the looming threat of breaking below the $61,000 mark on the global market. This precarious situation has emerged as BTC tests familiar trendlines for support, causing a decline in its price. Traders keenly watch the 100-day SMA and the short-term holder’s realised price (STH-RP). Despite recent fluctuations, BTC has yet to breach these critical support levels for an extended period. Meanwhile, its price fluctuations also impact the network’s fundamentals. The mining difficulty is set to decrease by 5.5% , marking the most significant correction since the 2022 bear market. Currently, at an all-time high of 83.23 trillion, this adjustment shapes miners’ capacity to mine new BTC.  Amid Bitcoin’s volatility and changes, let us turn our attention to today’s top crypto gainers. Biggest Crypto Gainers Today – Top List Every day in the volatile crypto market, two distinct groups emerge: the gainers and the losers. Within the gainers is a notable subset known as the Top
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