Chamber of Digital Commerce launches Digital Power Network miners’ coalition
The new advocacy group already represents over half the country’s Bitcoin hash rate and will seek to shape energy policy and champion Bitcoin and blockchain. Go to Source
Cryptocurrencies
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Interest rate hikes may pause very soon — Here’s why
This week, The Market Report discusses Bitcoin’s recent price action and the upcoming FOMC meeting, where some speculate interest rates might be paused. Go to Source
Bitcoin Adoption Fund launched by Japan’s $500B Nomura bank
The Bitcoin Adoption fund will have long-only exposure to Bitcoin and be available to institutional investors. Go to Source
UK House of Lords passes bill to seize stolen crypto
During the bill’s review phase, the House of Lords agreed on certain amendments to clarify its intent of targeting monetary proceeds from fraud or other financial crimes. Go to Source
SEC embroiled in court cases; Hester Peirce says crypto firms shouldn’t give up on US
The commissioner said she had seen awareness and knowledge of digital assets grow in her five years at the SEC, but largely, there was “more of the same” on enforcement actions. Go to Source
Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi
The funds include $380 million for early-stage investments and a $200 million dollar “opportunity fund.” Go to Source
Rep. Tom Emmer: Digital assets will be a ‘sleeper issue’ for 2024 elections
Three candidates from both the Democratic and Republican parties have taken anti-CBDC positions as part of their 2024 presidential run. Go to Source
Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares
Crypto investment products have seen over $450 million in cumulative outflows over the past nine weeks. Go to Source
NYDFS calls for public feedback on proposed crypto regulatory guidance
The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS’ greenlist Go to Source
What bear market? These crypto websites see traffic rising in 2023
Crypto exchanges like HTX (formerly Huobi) and OKX have seen its traffic surging 200% and 185% YTD, respectively. Go to Source