Posts

Showing posts with the label bitcoin regulation

From Bat-Signal to Bitcoin: Projecting 'Orange Pill' on banks as EU drives crypto regulation

The Bitcoin logo lights up on the European Central Bank building in Frankfurt as Bitcoiners urge bankers to ‘study Bitcoin.’ “The signal goes on, and he shows up. That's the way it's been. That's the way it will be.” Whenever Gotham faces an existential threat, the Bat-Signal lights up the night sky. In the DC Comics universe, Batman always shows up to save the day when he’s called upon. Bitcoiners in Germany employed a similar tactic this week, emblazoning the preeminent crypto currency’s logo with a message to ‘study Bitcoin’ on the side of the European Central Bank building in Frankfurt. The images were shared widely across social media, with notable Bitcoin (BTC) proponents and various company profiles lauding the display. #Bitcoin looks good on the ECB building pic.twitter.com/k8odYEpAZd — Alistair Milne (@alistairmilne) March 30, 2023 A dose of the proverbial ‘Orange Pill’ is particularly pertinent given that the global banking sector has been under the spotlight ...

Bitcoin bulls aim to hold this week’s BTC gains leading into Friday’s $675M options expiry

Image
$675 million in BTC options are set to expire on Feb. 17, but bears could aim to take control by pushing Bitcoin price below $22,000. While the U.S. Federal Reserve (FED) continues to monitor the overheated economy, the most likely scenario is further interest rate hikes to curb inflation. The unintended consequence is the heightened government debt cost, creating a bullish environment for scarce assets such as commodities, stock market and cryptocurrencies. Bitcoin’s price gain practically extinguished bears expectation for a sub-$21,500 options expiry on Feb. 17, so their bets are unlikely to pay off as the deadline approaches. Bitcoin investors' primary concern is the possibility of further impacts from regulators following the staking rewards program by the Kraken exchange being halted by the U.S. Securities and Exchange Commission on Feb. 9 and the crackdown on Binance USD (BUSD) stablecoin issuing on Feb. 13. Even if the newsflow remains negative, bulls still can profit in ...