“`html Michael Selig, the chief counsel for the crypto task force at the US Securities and Exchange Commission, took center stage recently as he faced lawmakers from the Senate Agriculture Committee. They were there to discuss his nomination as the next chair of the Commodity Futures Trading Commission (CFTC). This past Wednesday, Selig appeared before the committee, engaging with questions from lawmakers across the political spectrum about potential conflicts of interest, his views on policies, and his experience to lead the CFTC, following Caroline Pham’s tenure. Michael Selig addressing lawmakers during Wednesday’s confirmation hearing. Source: US Senate Agriculture Committee In…
Autore: wsjcrypto
“`html Almost two years after the launch of Bitcoin ETFs in the U.S., these funds are facing tough times, especially with worries about a possible bear market looming ahead. A standout example of this struggle is the BlackRock iShares Bitcoin Trust ETF (IBIT), which just had its biggest day of withdrawals since it started, adding even more pressure on Bitcoin’s price. Profit-Taking And Caution Recent outflows from BlackRock’s Bitcoin ETF showcase just how big the current sell-off is. Bitcoin has taken a significant hit, dropping below the vital $100,000 mark after a record high in October. Related Reading This downward…
“`html GLOBAL TRADE is “thriving” thanks to Washington’s move to ease tariffs, but there’s still a cloud of uncertainty as Manila pushes for a reduction in the 19% reciprocal duty on its exports, says the Department of Economy, Planning, and Development (DEPDev). “I believe that global trade has been positively impacted in many countries,” DEPDev Secretary Arsenio M. Balisacan shared with reporters after a Senate hearing on November 18. “However, this doesn’t mean that the uncertainty has vanished. It’s still around.” Even with most of its agricultural exports getting a green light under US President Donald J. Trump’s recent executive…
“`html Hey there, Brazilian crypto enthusiasts! It’s time to stay alert! A new cyber threat is lurking around, and it’s a clever hacking scheme featuring a hijacking worm and a sneaky banking trojan being passed around via WhatsApp messages. Trustwave’s cybersecurity team, SpiderLabs, has released a report, and it’s worth your attention. The banking trojan, called “Eternidade Stealer,” is making the rounds through social engineering tactics on WhatsApp. Watch out for tricky messages that might look like “fake government programs, delivery notifications,” or even notes from friends and fake investment groups. Researchers Nathaniel Morales, John Basmayor, and Nikita Kazymirskyi from…
“`html Chancellor Rachel Reeves Needs to Shine a Light on the £2 Billion for AI Opportunities! According to Blick Rothenberg, a leading audit, tax, and advisory firm, it’s high time Chancellor Rachel Reeves shared the plans for the £2 billion set aside for the UK’s AI Opportunities Action Plan. Businesses are eager for clarity on how this money will be spent, as smart investment could spark amazing growth for the economy. “Research from Microsoft shows that AI could bring a whopping £550 billion opportunity for the UK in the next decade,” said Evelina Panchal, a director at the firm. “To…
According to fresh insights from VanEck analysts, the recent drop in Bitcoin isn’t being caused by long-term holders (the whales) but rather mid-cycle traders. Isn’t that interesting? In their latest report, they pointed out that while long-term investors are still accumulating Bitcoin, the short-term futures markets are in a tough spot, showing signs of being oversold after some tariff-triggered sell-offs. Even though many speculate that early Bitcoin whales are to blame for the selloff, the data tells a different story: coins held for five years or more are still on the rise! Over the last two years, these long-term holders…
“`html Today in the crypto world, the head of the Basel Committee on Banking Supervision shared with the Financial Times that we might need a “fresh strategy” regarding the hefty 1,250% risk weight for banks dealing with crypto. Meanwhile, US Senator Tim Scott is really pushing to have a vote on the crypto market structure bill this December. Plus, a Cloudflare hiccup temporarily shut down access to several crypto platforms and social media sites. US and UK Spark Change in Basel’s Tough Crypto Rules Global banking regulators are getting ready to rethink their strict crypto rules after the US and…
“`html Trusted Editorial content, carefully reviewed by top industry experts and experienced editors. Ad Disclosure What to Know: 1️⃣ Aster’s incredible 26% leap yesterday and a potential climb to a $10B market cap show that some altcoins can still thrive even when the market is shaky. 2️⃣ The crucial support level for Aster near $1.13 indicates that even with a minor pullback, the positive trend can stay intact while we shake off excess excitement. 3️⃣ Traders are looking beyond the big players and diving into high-energy memes and presales, on the lookout for the next 1000x crypto gem before they…
The Bureau of Internal Revenue (BIR) is taking a closer look at the rules governing documents that allow for tax audits. This comes after some reports suggested that certain officials might be using these documents to put pressure on businesses, as shared by a lawmaker. These important papers, called letters of authority (LoA), give revenue officers the green light to start digging into a taxpayer’s liabilities—making them a must-have before any audit can kick off. On Monday, Senator Sherwin T. Gatchalian shared in the Senate that the newly appointed BIR Commissioner, Charlito Martin R. Mendoza, plans to scrutinize how these…
Recently, Bitcoin’s price has hit a rough patch, leading to growing concerns that the crypto market might be sliding into another bear run. This downturn saw Bitcoin drop by $100,000 over four months, and it hasn’t managed to bounce back to that key level. Meanwhile, major investors, known as whales, have been selling off substantial amounts, creating quite a bit of pressure in the market. As a result, the odds of Bitcoin entering a bear market have spiked significantly. Analyst Sounds the Alarm on Possible Bitcoin Bear Market Crypto analyst Titan of Crypto recently took to X (formerly Twitter) to…