Since digital currencies become an asset of national interest, there has been a broad debate on which of these two government agencies should be in charge of regulating the industry.
The filing also revealed that, as of August 29, about 58,300 users had “custody assets” worth about $210 million and approximately 5,000 users held “withhold assets” worth about $15 million.
As many as 25 local companies that handle cryptos will be initially listed at Indonesia crypto stock exchange. All of them have obtained a license from the country’s top financial regulatory body, the Commodity Futures Trading Regulatory Agency.
California appears to be the state with the most interest in Bitcoin (BTC) and Ether (ETH) based on internet search data.
The jump in the Bitcoin mining difficulty suggests that BTC miners have been getting back into action after the strong summer when miner activity had considerably dropped.
The US has about 724 billionaires with data showing that 1.5 million households have a net worth of a minimum of $1 million.
The Bitcoin euro futures contracts will be sized at 5 BTC per contract and the Ether euro futures contracts will be sized at 50 Ether per contract.
The repayment plan was given final approval on November 2021. After then, creditors were asked to register on the system as early as possible. Also, they have been given the option to choose an early lump sum repayment.
Following the Jackson Hole meeting, strong liquidations took place in the crypto market. Bitcoin and altcoins have seen a greater fall last weekend.
According to Justin Bons, Bitcoin has no utility, and is purely a speculative asset.
As per report by Blocksbridge, the Bitcoin mining difficulty could spike by 6.8% in one of the biggest increases this year in 2022.
Justifying the delay, SEC stated that they need enough time to take action on the proposed rule change.
Some analysts are highlighting the current hash rate, which is a measure of computational power used to mine bitcoin, as a major indicator for an imminent price surge.
According to Chief Executive of Bitcoin Depot, Brandon Mintz, the firm made record sales and earnings in the second quarter.
A recent report indicates that many businesses and individuals have understood the convenience of using crypto as a medium of payment.