Senators Stabenow, Boozman introduce crypto bill that extends CFTC’s regulatory powers

United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act bill on Wednesday. The bill has been expected for several months. Like the Digital Commodities Exchange Act (DCEA) introduced into the House of Representatives by members of the House Agriculture Committee in April, the new … Read more

Foundry Digital Donates 1 BTC To Fund Bitcoin Mining Pools – Bitcoin Magazine

Foundry Digital has donated 1 BTC to a pseudonymous open-source developer – 4ss0. The developer is working on Stratum V2, a communication protocol for miners and mining pools. Specifically, the developer will improve the decentralization of block templates and strengthen censorship resistance on the protocol. Foundry Digital, an institutional service provider for bitcoin mining, has … Read more

Bitcoin bulls aim for $25K price on Friday’s $510M options expiry

Fifty-one days have passed since Bitcoin (BTC) last closed above $24,000, causing even the most bullish trader to question whether a sustainable recovery is feasible. However, despite the lackluster price action, bulls have the upper hand on Friday’s $510 million BTC options expiry. Bitcoin index/USD 1-day price. Source: TradingView Investors have been reducing their risk … Read more

Oxford City Football Club Accepts Bitcoin As Payment – Bitcoin Magazine

English Oxford City Football Club will begin accepting bitcoin as payment at its RAW Charging Stadium. CoinCorner partnered with the football club in a multi-year agreement. CoinCorner will also be the back of shirt sponsor and will enable Oxford to support its Lightning-enabled Bolt Card. The Oxford City Football Club, a UK-based national league in … Read more

Senate To Classify Bitcoin As Digital Commodity – Bitcoin Magazine

A new bill classifying bitcoin as a digital commodity could be introduced today. This move would empower the current watchdog of derivatives and future markets, the CFTC, to gain regulatory jurisdiction over bitcoin. The bill seeks to expand on previous definitions in the bitcoin ecosystem while also excluding securities from being digital commodities. Leaders of … Read more

MicroStrategy’s Saylor Hands Over CEO Role to Deputy, Focusing on Bitcoin Business

Michael Saylor, the CEO of MicroStrategy corporation and one of the biggest Bitcoin advocates, has handed over his CEO role to his deputy personnel.   Phong Le, the new CEO, has been serving as the company’s president. The new changes were announced during the company’s earnings conference call on August 2. Saylor will now serve … Read more

Trading Platform Forex Suggest to Launch Crypto Calculator for Cost Evaluation

Luxembourg-based crypto institution Forex Suggest announced Wednesday the roll out of a cryptocurrency calculator for clients to evaluate trading costs on cryptocurrencies. The crypto market has experienced serval waves of volatile headwinds this year, from Russia’s invasion of Ukraine and Luna’s collapse to a liquidity crisis among crypto lender platforms, all showing a choppy trading … Read more