FreeCryptoCurrency.Me

As a result, the SEC’s regulatory scrutiny may be more limited in scope.

Crypto’s most controversial instrument enjoys some notable insulation from skeptical bets.

Bitcoin, the world’s largest cryptocurrency by market capitalization, saw its price surpass $30,000 on Wednesday for the first time since April 19. 

The price rose 6.5% over the past 24 hours to $30,153 at 12:19 p.m. in New York, according to TradingView.

The price action came shortly after Federal Reserve chair Jerome Powell said that payment stablecoins are money, and that the central bank should play a role in approving their issuance. The U.S. House Financial Services Committee, meanwhile, appeared to be on track to vote on new legislation aimed at creating a clearer pathway for digital assets to move from a security status to a commodity in July.

Bitcoin price breakthrough

The price breakthrough also comes after a week-long increase in Bitcoin Network activity, which saw 385,000 transactions on June 14, and then a 13% increase to 435,000 on June 20, The Block data shows. The uptick coincides with asset manager BlackRock filing for a spot bitcoin ETF.

Bitcoin dominance has steadily increased throughout June, which could be associated with lawsuits filed against crypto exchanges Binance and Coinbase by the U.S. Securities and Exchange Commission, which said other tokens including Solana and Cardano were securities. 

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Led by former animators for Pixar, Netflix and Marvel, “The Rise of Blus: A Nouns Movie” has a budget of $2.75 million and is said to be the first animated film funded by a DAO.

The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.

The Bundesnachrichtendienst (BND)’s dog-themed PFP collection can be acquired through a gamified treasure hunt, where participants must find a string of characters hidden by the agency.

The world’s largest cryptocurrency by market value, bitcoin, had not reached levels above $30,000 since June 2022.

Storage proofs, a feature that could minimize cross-chain exploits by allowing users to keep their assets on one chain and prove that it’s there on a different chain, will go live on Starknet soon.

The executive will help the non-profit promote growth within the Starknet ecosystem.