Author: American Coins & Gold

Bitcoin Below K Could Trigger 'Panic' Selling, Crypto Analyst Says
One trader said recent declines are likely related to miners’ asset sell-offs and fears of tighter regulation of cryptocurrencies.

Chinese Police Bust 6M Illegal Crypto-Based Currency Operation: Report
Police in Panshi City, Jilin arrested six people for running an “underground bank.”

Stablecoin Expansion Stalls Ahead of U.S. Inflation Data
Wednesday’s U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March’s 3.5%.

Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia
Singapore-based Liminal won approval to operate as a regulated custodian, another sign of its expanding footprint in the APAC and MENA regions.

Metaplanet Makes Bitcoin a Reserve Asset As Japan’s Debt Mountain Grows
The announcement comes at a time when Japan’s fiscal crisis is said to be playing out in the currency market.

Trump’s Pro-Crypto Bluster at NFT Gala Lacked Policy Substance
At the Mar-a-Lago gala, Trump courted a constituency Biden has thoroughly snubbed – even if the GOP candidate isn’t exactly fluent in crypto policy.

SEC Rebuts Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question
Coinbase hasn’t successfully argued that an appeals court needs to look at how securities regulations might apply to digital assets, the U.S. Securities and Exchange Commission (SEC) said Friday.

U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote
The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee.

Bitcoin Is In a 'Bore You to Death' Phase, but Bottom Could Be Close, Analysts Say
The current boring crypto market could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said.

Was Sam Bankman-Fried Proven Right About FTX’s Solvency?
No.