The White House is readying an executive order for release as early as next month that will outline a comprehensive government strategy on cryptocurrencies and ask Federal agencies to determine their risks and opportunities, Bloomberg reported on Friday, citing unnamed sources. Source link … [Read more...] about Biden Administration to Release Executive Order on Crypto as Early as February: Report
February
India’s crypto law is expected in February 2022
India is in the process of introducing a new law that promotes cryptocurrency trading in the country. As per local news outlet Business Today Television, the country would most likely introduce its first crypto law in February. A legal framework comprising essential regulatory laws is already in the making as the country plans to encourage crypto activities instead of imposing … [Read more...] about India’s crypto law is expected in February 2022
Watershed moment? Bitcoin price exceeded all expectations in February
In hindsight, February can be viewed as a watershed moment in the history of Bitcoin. The entire month could be looked back upon by market specialists and economists, as the markets saw an enormous surge before correcting themselves later in the month.The flagship cryptocurrency asset, Bitcoin (BTC), hit its all-time high of $58,352 on Feb. 21 while finally breaking the $1 … [Read more...] about Watershed moment? Bitcoin price exceeded all expectations in February
En route to $200K? Bitcoin closed February 26% above Stock-to-Flow model price
The price of Bitcoin (BTC) is outpacing the popular Stock-to-Flow (S2F) model, which predicts that the BTC price will eventually reach $200,000.The S2F model forecasts the long-term price trend of Bitcoin by taking two main factors into account, namely the amount of BTC in existence (the stock) against the amount of newly mined coins entering the market (the flow).Bitcoin is on … [Read more...] about En route to $200K? Bitcoin closed February 26% above Stock-to-Flow model price