Bitcoin whale clusters show that $14,914 is critical for the ongoing rally to see continuation. New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level. Whale clusters, like the bubbles shown on the chart below, form when high-net-worth investors purchase Bitcoin and do not move them. This indicates that whales accumulated BTC at that level and suggests that it will likely remain as a support area in the event of a correction. As such, in the […]

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One of Argentina’s youngest deputies is prepping new legislation to provide a national framework for crypto, which will reportedly hit the parliament next week. Argentine congressman Ignacio Torres plans to present a bill addressing cryptocurrencies to the Argentine Parliament. Cointelegraph en Español spoke with Efraín Barraza, Operations Manager of Athena Bitcoin in Argentina, and Alberto Vega, CEO of Bithan, who collaborated on the draft and who are looking to discuss a legal framework for crypto in Argentina. Both Barraza and Vega remarked that their interest is to […]

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The Acting Comptroller of the Currency presented the growing role of crypto in general and stablecoins in particular to the Senate today. As part of his statement to the U.S. Senate Committee on Banking, Housing and Urban Affairs, acting Comptroller of the Currency, Brian Brooks, prepared a whole section on crypto assets, including specific mention of stablecoins.  “Today, roughly 60 million Americans own some type of cryptocurrency, with a total market cap of nearly $430 billion,” Brooks said, adding: “These figures clearly illustrate that this payment mechanism is now […]

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Bitcoin’s experimental launch contributed to its dispersion among the masses. Thousands of different cryptocurrencies have arisen in the since Bitcoin’s (BTC) 2009 genesis block. Even though newer assets come with different technology and new bells and whistles, Bitcoin still has an upper hand in a key category, according to a November report from crypto data firm Coin Metrics.  Due to its relatively older framework, people sometimes compare Bitcoin to early, outdated versions of other technological innovations, such as dial-up internet, the report explains:  “Too often, these are part […]

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FOMC member Robert Kaplan believes the Fed should prioritize creating a digital dollar. President of the Dallas Federal Reserve Robert Kaplan believes the US central bank should begin work on a digital currency immediately, a clear indicator that some policymakers view this as an urgent matter.  Speaking Tuesday at a virtual conference hosted by Bloomberg, Kaplan reportedly said: “It is critical that the Fed focuses on developing a digital currency in the coming months and years.” The central banker’s remarks were part of a broader discussion on […]

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