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A recent report by crypto index fund management firm Bitwise outlines varying price projections for Solana (SOL) based on its adoption and scalability improvements. According to the report, the ‘bull case’ scenario could see SOLs price soar to $6,636 by 2030. Solana, currently the sixth-largest cryptocurrency by market capitalization, has experienced a volatile few years.
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As cryptocurrency gains mainstream traction, its use in illicit activities has diversified, extending beyond traditional cybercrime. Chainalysis has warned that these activities even include threats like national security breaches and consumer exploitation. In fact, these illicit actors increasingly utilize on-chain platforms for laundering, even if they operate primarily off-chain. This shift has led to the
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Outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has insisted that the regulatory body never classified Bitcoin and Ethereum as securities. Additionally, he separated the worlds largest cryptocurrency by market cap from other tokens, saying they still have to prove their actual value. Gensler made the statements in exit interviews with Yahoo Finance
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Congressman Tom Emmer, a well-known advocate for the cryptocurrency industry, has been named Vice Chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. Committee Chairman French Hill made the announcement on January 14 as part of the House Financial Services Committee’s subcommittee assignments for the 119th Congress. Emmer expressed his enthusiasm
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Solanas SOL has rallied over 50% in two weeks, with Nasdaq-listed digital assets exchange Coinbase (COIN) proving to be a significant source of bullish pressures for the cryptocurrency, according to data tracked by Paris-based Kaiko. Since Oct. 25, SOLs cumulative volume delta (CVD) has increased by nearly $1 million on Coinbase, indicating net capital inflows.
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Cryptocurrencies appear to have staying power, Federal Reserves Chairman Jerome Powell said in June. Perhaps truer words have never been spoken, as the market value of all cryptocurrencies has doubled to $1.3 trillion this year, recovering from last years crash. More impressive is the renewed interest in centralized crypto-collateralized finance after last years controversial collapse
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Crypto derivatives trading became bigger than ever in March, but its share in the total market activity declined for the sixth consecutive month, according to London-based digital assets data provider CCData. Trading volume in futures and options tied to cryptocurrencies on centralized exchanges rose 86.5% to a record high of $6.18 trillion, translating to three
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