Bitcoin bucks tech selloff as AI safety concerns weigh on stocks
Bitcoin rose above $77,000 as calls to slow AI development hit technology shares, while rising oil prices added to market pressure.
concerns
SEC to again delay ‘innovation exemption’ for tokenization amid Wall Street, White House concerns
The source also said SEC staff have become increasingly focused on the agency’s legal authority to issue such broad relief, including whether it has completed sufficient economic analysis and followed the procedural steps required to justify an exemption. Industry insiders have been instructed that this… Read More
With MSTR concerns assuaged, look to traditional signals around BTC
In bitcoin BTC$61,712.51’s 4-year cycles, there has always been a distinct driver of selling pressure. In 2018, we saw the promise of crypto running ahead of its skis; the market drove up valuations of crypto projects far beyond their nascent stages of development that led… Read More
Crypto tax bills a work-in-progress as U.S. House lawmakers pose concerns
A package of several crypto tax bills may not be ready yet for prime time, as a U.S. House Ways and Means Committee hearing revealed potentially significant questions from lawmakers that suggested the panel hasn’t achieved a bipartisan embrace of the bills that would tailor… Read More
BTC price trails gold as yen intervention concerns weigh on risk assets
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin is struggling to hold ground as concerns over the strength of the yen and fiscal instability drove a divergence between crypto and traditional safe-haven assets. Bitcoin fell 0.8% in 24 hours to sit below $88,000,… Read More