Bitcoin Whipsaws After Democratic Sweep: BTC Reclaims $78K
One analyst believes the latest drop may have marked another local bottom near a key on-chain support level. Bitcoin endured another volatile trading session as the US midterm results initially rattled risk markets and pushed the cryptocurrency to its lowest price tag in almost 7 weeks at around $75,600. Interestingly, though, this sell-off was…
Trump posted through the U.S. midterm elections, and he wasn’t happy
President Donald Trump has been posting through the U.S. midterm elections, and he doesn’t appear happy with the results. Millions of Americans went to the polls on Tuesday, casting their vote to choose their members of Congress. Democrats decisively took control of both the Senate and House of Representatives in a sweeping midterm victory, one…
Do You Still Need Money Transmitter Licenses?
The opinion editorial Part 3 of “Stablecoins After the GENIUS Act: A Practical Legal Guide for Businesses” written below was written by Michael Handelsman for Kelman.Law. The GENIUS Act creates a federal framework for issuing payment stablecoins, but it does not eliminate money-transmission regulation for every business that handles them. Exchanges, wallets, payment processors, and…
CFTC faces lawsuit after allowing perpetual futures trading on U.S. stocks
A group backed by Cboe and Citadel Securities has sued the CFTC to block single-stock perpetual futures, arguing that the products fall under SEC jurisdiction. Summary Cboe and Citadel Securities-backed Capital Markets Alliance has sued the CFTC over single-stock perpetual futures approvals. The lawsuit argues that single-stock perpetual contracts qualify as security-based swaps under SEC…
LegalZoom Promo Code: Exclusive 10% Off LLC Formations
LegalZoom is an easier, more convenient way to get online legal services to handle basic legal tasks on your behalf—for way less, from the comfort of your home. LegalZoom wants to make it easier and more convenient for everyone to access these services, which can feel daunting or overwhelming for an everyday person. We have…
XRP Bull Eyes $5-$8 in 2027 Despite Short-Term Headwinds
The near-term warning is that a failure to reclaim $1.30 could leave XRP exposed to a decline toward $1.16 to $1.04. One analyst has said that XRP could reach $5 to $8 in 2027, although it may have to face further weakness before the end of this year. The forecast is based on a…
India’s EloElo nabs $80M from NBCUniversal to bet on the country’s rising microdrama market
More than 118 million users watch microdramas every month as the serialized format has taken off in India. EloElo’s Story TV is one of the top apps for microdramas, with over 33 million active users, according to analysts. Banking on that scale, the company has raised $80 million in Series C from Hornbill Capital and…
Bitcoin Price Dips Under $76K Then Recovers as Blue Wave Hits Washington – Bitcoin News
Key Takeaways BTC fell from about $77,970 to $75,740 between 21:45 and 03:10 UTC as midterm results rolled in. Nasdaq 100 futures dropped about 2% as NBC News projected Democrats will win control of the House. Kalshi traders put Democratic Senate control at 99%, with the next market test at Wednesday’s U.S. open. The Midterm…
Binance’s $6.3B hack could have been prevented, CoinEx founder claims
CoinEx founder Haipo Yang has accused Binance of failing to follow three basic security practices that he believes could have prevented the $6.3 billion cryptocurrency theft on October 29. Summary CoinEx founder Haipo Yang has identified three security weaknesses he believes contributed to Binance’s $6.3 billion hack. Yang criticized inadequate separation of work environments, weak…
Elon Musk: Grok Bot Costs Are ‘Unsustainable’ as Usage Limits Tighten
SpaceX is tightening Grok Bot usage limits as Elon Musk warns of unsustainable AI costs. Here’s what the changes mean for paying users and businesses. The post Elon Musk: Grok Bot Costs Are ‘Unsustainable’ as Usage Limits Tighten appeared first on TechRepublic. Source link
