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Regulatory Actions

All articles tagged with #regulatory actions

cryptocurrency-finance1 year ago

Bitcoin Price Resilience Amid U.S. Inflation Volatility

Bitcoin initially dipped to $67,500 after the US inflation data but rebounded to $70,000, outperforming US equities and gold. Most cryptocurrencies lagged behind, with altcoins like polkadot, bitcoin cash, near, and aptos experiencing declines. Uniswap's governance token plummeted over 10% due to an enforcement notice from the SEC. Analysts attribute the rebound to underlying demand for bitcoin, seeing dips as a buying opportunity, and view bitcoin as insurance against increasing US debt levels and potential inflation.

via CoinDesk|
#altcoins#bitcoin#cryptocurrency-finance
technology1 year ago

"FCC Raises Broadband Standard to 100Mbps, Quadruples Minimum Speed Requirement"

The Federal Communications Commission has voted to raise the benchmark for broadband service, now requiring at least 100Mbps download speeds and 20Mbps upload speeds, replacing the previous 25Mbps/3Mbps standard. This decision reflects consumer usage patterns and aims to push for faster deployment of advanced telecommunications capability to all Americans, particularly in rural and Tribal areas. The new standard could lead to potential regulatory actions by the FCC to promote competition and accelerate deployment, with a long-term goal of 1Gbps download speeds and 500Mbps upload speeds.

via Ars Technica|
#100mbps#broadband#fcc
cryptocurrency2 years ago

Bitcoin's Price Volatility Continues Amidst Regulatory and Political Uncertainty.

Bitcoin's price has dropped below $27,000 as investors weigh the ongoing debt ceiling talks in Washington, D.C. and the latest regulatory moves. Over $20 million of BTC futures were liquidated in the past four hours, with 87% of them being long positions, or bets on higher prices. The second-largest cryptocurrency by market capitalization, Ether (ETH), followed a similar trend, down 1.6% to change hands at around $1,795 on Thursday afternoon. Investors are awaiting regulatory clarity and whether Wall Street believes any use-case arguments will be made anytime soon. Meanwhile, investors are pivoting their attention toward BTC’s 2024 halving cycle that “typically precedes a bull market in crypto.”

via CoinDesk|
#bitcoin#cryptocurrency#cryptocurrency-market
cryptocurrency2 years ago

Bitcoin and Ether trade flat as traders brace for potential correction.

Bitcoin and Ether opened the trading week in Asia flat, with Bitcoin up 0.7% to $29,404 and Ether down 0.5% to $1,892. The Consensus 2023 festival brought builders and investors to Austin, with attendees optimistic about the future of the crypto industry, despite regulatory obstacles. Traders are expecting a 25-basis-point rate hike in the Federal Open Market Committee meeting this week, which could lead to price swings. Other crypto majors, including Solana and Avalanche, were also flat.

via CoinDesk|
#bitcoin#consensus-2023#crypto-market