Features Crypto News by Thebittimes.Com

Bitcoin (BTC) is consolidating above $67,000 after facing rejection at the $70,000 mark, while the market anticipates a potential breakout. Indeed, crypto trading expert Rekt Capital believes that Bitcoin has room for a breakout, but the cryptocurrency needs to clear specific barriers. Particularly, in a post on X (formerly Twitter) on June 1, the expert stated that Bitcoin’s path to recovery hinges on ceasing its current pattern of forming lower highs. Picks for you Whales pour $110 million into DOGE, betting big on meme coin surge 22 mins ago Ripple could sell 400 million XRP in June; Largest dump in 7 years 1 hour ago Global cry...

Amid what seems to be a crusade waged by the United States Securities and Exchange Commission (SEC) against the cryptocurrency industry despite the lack of clear regulatory guidelines, legal expert Bill Morgan has accused the agency of “ making sh*t up” as they go. As it happens, the chief legal officer (CLO) at Coinbase, a crypto exchange and the regulator’s current target, Paul Grewal, pointed out the inconsistencies in the SEC’s reasoning, to which Morgan mocked the agency as making arguments up as they went, in his X post on April 4. SEC answer: “we can’t answer that, we are just making this up as we go.” https://t.co/SYBnJd7YrI — bill morgan (@Belisarius2020) April 4, 2024 Inconsistencies in regulation Specifically, Grewal was referring to the facts that everyone agreed that Bitcoin (BTC) was not a security, including the SEC Chairman Gary Gensler, at the same time wondering why the same principle could not apply to other assets in the crypto sector: Pick...