BTC Whale Accumulation 2024 Resembles 2020 – CryptoQuant CEO
Ki Young Ju, founder and CEO of CryptoQuant, has detected a remarkable parallel between BTC whale accumulation in 2024 and that observed in the middle of 2020. The findings presented by Ki in an X post on May 31 indicated a notable increase in on-chain activity and a substantial surge in Bitcoin accumulation. These results […]
Sen. Warren, Cassidy Seek for Crypto Link to Fentanyl Trade
Senators Elizabeth Warren and William Cassidy of the United States are requesting an update on the most recent findings regarding the use of crypto in the illicit fentanyl market. On May 29, Senators Warren and William Cassidy penned a letter requesting an update on the measures taken by the Biden Administration to combat the use […]
Lawmaker Urges US Senate to Pass FIT21 Bill Before Election
Rep. Patrick McHenry is calling on the United States Senate to quickly pass the crypto-regulating FIT21 bill before the upcoming election in November. Patrick McHenry, a departing Republican lawmaker from the United States, has pressured the Senate to approve a crucial crypto-regulatory bill before the November presidential election. On May 22, 208 Republicans and 71 […]
Unchained, UATX Partner for $5M Endowment Fund
The University of Austin (UATX) and the Bitcoin financial services firm Unchained have partnered to establish a five-year endowment fund holding Bitcoin. Unchained, a crypto services and custody provider based in Austin, Texas, announced a new collaboration with the University of Austin (UATX) on May 31. With an initial capitalization of $5 million, the two […]
NYDFS Sets Standards for Virtual Currency Entities
The New York Department of Financial Services (DFS) has set regulatory standards for customers of virtual currency entities (VCEs) to evaluate the efficacy of customer service. The DFS established comprehensive criteria about VCE electronic and telephone communications, transparency, and the publication of frequently asked questions (FAQs) online. In addition to resolution periods, VCEs will be […]