Bitcoin & Crypto News Today | 2 Min News | The Daily News Now!

Despite the Feds recent moves to inject more money into the economy, Bitcoins options market suggests a slim chance of hitting one hundred thousand dollars in the short term. The Feds decision to keep interest rates steady and start buying short-term government bonds again aims to boost liquidity, but major investors are not betting on a quick surge. The stock market typically benefits from the Feds expansionary policies, but Bitcoins reaction is less predictable, with investors not necessarily seeing cryptocurrency as a reliable alternative.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Valentina Picozzis Satoshi Nakamoto statue, symbolizing Bitcoins creator, has found a new home at the New York Stock Exchange, marking a significant shift in the perception of cryptocurrency. The statues installation coincides with Bitcoins anniversary and the first recorded purchase of pizzas with the digital currency. Picozzi aims to install twenty-one statues worldwide, referencing Bitcoins theoretical maximum supply, and honors Nakamotos enigmatic role in the crypto industry.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Cryptocurrency Market Sees Broad Decline: Major Coins Drop, Some Smaller Tokens Show ResilienceDNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Australias financial regulator, ASIC, has simplified stablecoin and wrapped token regulations. Theyve removed licensing requirements for intermediaries, allowing them to use omnibus accounts for faster, cheaper transactions. This move encourages innovation and growth in the digital assets sector, with the stablecoin market reaching a record high of over $300 billion.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Disappointment among Republicans as promised CBDC ban omitted from defense spending bill. Despite assurances, the National Defense Authorization Act, or NDAA, does not include the anti-CBDC language, leading to frustration among conservatives. Representative Keith Self, a Republican, expressed his intention to vote against the bill without the ban, citing a broken promise. The original amendment to include the CBDC ban failed to advance and was not put to a vote. Representative Self vows to continue fighting for a ban in future legislation, emphasizing the importance of financial freedom.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Cryptocurrency market faces broad downturn, with majority of coins experiencing price drops. Major cryptocurrencies down by over two percent, some by over five percent. Stablecoins hold steady or see minor fluctuations. Widespread decline attributed to economic concerns, regulatory news, or shifts in investor sentiment. A few coins buck the trend, showing slight gains or stability. Market remains highly dynamic and subject to rapid changes.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Andreessen Horowitz, known as a16z, has opened its first Asian office in Seoul, South Korea, led by SungMo Park. This expansion is driven by Asias high crypto adoption and on-chain activity, with nearly one-third of South Korean adults owning digital assets. The office aims to support portfolio companies growth and partnerships in the region, aligning with the growing interest of affluent Asian investors in crypto.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

MSCIs proposed exclusion of companies with more than 50% of assets in cryptocurrency, like Bitcoin, is sparking controversy. Phong Le, CEO of Strategy, a company with significant Bitcoin holdings, argues against this move, citing double standards. He compares it to traditional companies with concentrated assets, like Chevron in oil and Weyerhaeuser in timber, which are not facing exclusion. Strategy has released a letter to MSCI, urging a neutral stance. The consultation period ends December 31st, with a public announcement expected January 15th, and potential changes taking effect in February.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

The US Commodity Futures Trading Commission (CFTC) has established a new CEO Innovation Council, uniting blockchain industry and traditional finance leaders to discuss derivatives market developments. The council includes executives from Kraken, Gemini, Crypto.com, CME Group, Nasdaq, and the London Stock Exchange Group. The CFTC also launched a pilot program for crypto collateral in derivatives markets, allowing Bitcoin, Ether, and USDC as margin collateral. This initiative reflects Chairman Caroline Phams proactive approach to integrating crypto into regulated markets.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Stripe Acquires Valora Team, Expands Crypto Initiatives; Valora App Transitions to cLabsPayments giant Stripe has acquired the team behind the crypto wallet app, Valora, marking another significant step in its blockchain journey. The Valora team, known for their expertise in WebThree and user-friendly mobile apps, will now join Stripe to work on various crypto projects. The Valora app itself will transition to cLabs for future development and operations. This acquisition comes just one day after Stripe launched the testnet for its stablecoin-focused blockchain project, Tempo, which already boasts a five billion dollar pre-launch valuation.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Todays podcast delves into a widespread downturn in digital assets, with top performers and smaller tokens experiencing significant price drops. Despite a few outliers showing slight gains, the market trend is predominantly negative, indicating a broad negative sentiment and investor pullback.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Gemini, founded by the Winklevoss twins, receives CFTC license for prediction markets, allowing US users to trade event contracts. This move could lead to expansion of US derivatives offerings and a significant boost for the company, following a 13.7% jump in after-hours trading.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

The Office of the Comptroller of the Currency (OCC) has found that major U.S. banks, including JPMorgan Chase, Bank of America, and Wells Fargo, restricted financial services to certain industries, such as cryptocurrency, oil and gas, coal mining, firearms, private prisons, tobacco, e-cigarettes, and adult entertainment, between 2020 and 2023. These restrictions were often based on financial crime considerations and were sometimes openly conducted, despite denials from some banks. The OCCs investigation is ongoing, and findings may be referred to the Justice Department. Critics argue that the OCCs report does not address the root causes of these actions, which may include reputation concerns and previous advice from the Federal Deposit Insurance Corporation (FDIC) to avoid cryptocurrency companies.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Wealthy Asian investors are increasingly embracing cryptocurrencies, with over half planning to boost their holdings in the coming years. A Sygnum APAC report found that six out of ten surveyed individuals view digital assets as crucial for long-term wealth preservation and legacy planning. The survey, which included 270 high-net-worth individuals from Singapore, Hong Kong, Indonesia, and South Korea, revealed that 87% already hold crypto, with half having more than ten percent of their portfolio in digital assets. The average portfolio allocation stands at around seventeen percent. Eighty percent of active investors reported holding blockchain protocol tokens like Bitcoin, Ether, and Solana, with portfolio diversification being the most common reason for investing. Asias crypto regulations, particularly in Singapore, have been more specific and deliberate, creating clarity on custody standards and investor protections.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Todays market update reveals a varied landscape, with assets ranging from a drop of 3.04% to a gain of 6.60%. Notable movements include a price of $92,033 down by 0.70%, and an asset at $3,327.62 up by 0.27%. Smaller fluctuations, such as a decrease of 0.36% in an asset at $894.15, also impact overall portfolios. Investors are closely monitoring these trends for informed decision-making.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Todays financial market update reveals a mix of small gains and losses across various assets. Notable shifts include a slight decrease of 0.30% for one asset valued at $92,410 and a modest increase of 0.65% for another priced at $3,345.30. These minor fluctuations reflect ongoing investor sentiment and economic news. Some assets, like one at $29.20, show a significant jump of 4.85%, while others, like one at $0.261615, experience a notable drop of 6.73%. The market remains dynamic, with values changing quickly based on new information.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Todays episode delves into the dynamic world of market values, showcasing a range of price fluctuations. Notable shifts include a slight decrease of 0.53% to $92,150, a small gain of 0.36% to $3,330.50, and a drop of 0.80% to $894.21. Even smaller values, like $2.05 down by 2.83% and $99.87 down by 0.11%, contribute to the overall market sentiment. This episode offers a glimpse into the ever-changing financial landscape.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Todays podcast delves into the fluctuating market values, highlighting a range of price changes from minor to significant. Notable shifts include a high-priced item rising by a mere 0.08%, while others experienced more substantial increases or decreases. A value of 3,330.50 saw a 0.36% rise, and another dropped by 0.80%. Smaller figures also saw changes, with a 2.83% decrease in one value and a minimal 0.11% drop in another. A notable jump of 85.04% was observed in a particular value, indicating potential new trends or strong demand. The market presented a diverse picture, with daily shifts reminding us of its ever-changing nature.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Federal Reserves recent rate cut, anticipated but not aggressive, may delay Bitcoin price rally until 2026. Powells cautious approach, with one more cut expected, could lead to a shift in focus to liquidity and balance sheet policy. Market sentiment on another cut is tempered, with only 24.4% of traders anticipating it. Speculation about Powells successor, with Hassett as a frontrunner, adds to the anticipation of future economic policy.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.

Market Update: Mixed Trends, Volatile Small-CapsTodays market update reveals a mixed bag of trends, with some assets gaining slightly while others dip. Notable movements include a small decrease of 0.29% for an asset priced at $92,445 and a modest increase of 1.27% for one valued at $3,344.68. Smaller-cap assets show surprising volatility, with one dropping by 2.18% and another surging by 7.04%. The market remains active, with further updates to follow.DNN | The Daily News Now!The world’s first global local news network.Every city. Every story. AI powered.  Hosted on Acast. See acast.com/privacy for more information.