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The price of crypto king Bitcoin continues to trade above $70,000 despite ongoing war-related inflation fears.At the same time, the SEC and CFTC are now harmonizing their crypto approach in a sign that the U.S. CLARITY Act could pass the Senate soon.When that happens, the US is likely to have the most comprehensive crypto approach […]
The post Crypto Price Prediction Today 12 March – XRP, Bitcoin, Ethereum appeared first on Cryptonews.

Wall Street finally warming up to bitcoin? Not so fast — U.S. regulators are about to drop a Basel III rule so punishing that banks eyeing the digital asset may suddenly remember they left the oven on. Fed Basel Proposal Slaps Bitcoin With 1,250% Risk Weight — Banks Face Capital Shock Federal Reserve Vice Chair […]

A top White House official is pushing back against warnings that stablecoins will drain money from American banks — arguing the opposite is true. Related Reading: Crypto Thieves Pivot To Phishing As Protocol Hacks Decline In February Foreign Money, Domestic Gains Patrick Witt, executive director of the White House Council of Advisors for Digital Assets, posted on X this week that when foreigners convert local currencies into dollar-backed stablecoins issued by US companies, that capital flows into the American banking system, not away from it. Most US stablecoin issuers hold US dollars or Treasury securities as reserves, meaning the money lands in domestic institutions either way. “Global demand for USD is massive,” Witt wrote, calling it net new capital entering Ame...

VanEck: Bitcoin Miners Sitting on Gold Mine as AI Rises
The post VanEck Says Bitcoin Miners Are ‘Sitting on a Gold Mine’ as AI Demand Surges appeared first on Cryptonews.

A lone crypto trader has suffered a devastating $50 million loss in a single transaction after swapping $50.4 million USDT for just 327 yield-bearing AAVE tokens.