CoinDesk

According to a trader's statement, there is a possibility that bitcoin's value could surpass the $70,000 mark over the upcoming weekend. This prediction is attributed to an increasing appetite for alternative assets among investors, which could drive up the demand for the cryptocurrency.

A recent report has indicated that a particular cryptocurrency does not face significant supply-side pressures, such as token unlocks or miner sell-offs, which could potentially impact its market dynamics.

The U.S. Treasury Department is seeking to bolster anti-money laundering and counter-terrorist financing measures related to digital assets as part of its broader strategy to combat illicit financing. This move comes amidst ongoing legislative efforts in the U.S. Congress to address cryptocurrency regulation and oversight.

Spot bitcoin exchange-traded funds (ETFs) were launched in January and initially attracted billions of dollars in investments. However, the inflows have slowed down in recent weeks, raising questions about the sustainability of the demand. Analysts are examining the investor profiles and motivations behind the initial surge and subsequent stalling of inflows to determine if it was a temporary fad or a more lasting trend.

A significant piece of cryptocurrency legislation, considered the most comprehensive to date, has cleared a congressional committee and is scheduled for a vote by the entire U.S. House of Representatives in the near future. Representative Patrick McHenry has indicated that the House will soon vote on whether to approve this legislation, which aims to provide a regulatory framework for the cryptocurrency industry.

KuCoin, a major cryptocurrency exchange, has paid a fine of $41,000 to India's Financial Intelligence Unit (FIU) following regulatory scrutiny. Meanwhile, Binance, another prominent exchange, is set to face a hearing with the FIU to determine its financial penalty. These developments highlight the increasing regulatory oversight of the cryptocurrency industry in India.

Lawyers representing the cryptocurrency exchange Kraken have filed a motion in a U.S. court, arguing that the claims made by the U.S. Securities and Exchange Commission (SEC) against the company should be dismissed. They contend that upholding the SEC's allegations would result in a significant restructuring of the U.S. financial regulatory framework.

The U.S. House of Representatives is scheduled to vote on Wednesday on a resolution to reject the Securities and Exchange Commission's (SEC) cryptocurrency accounting guidance. The crypto industry has argued that this guidance has discouraged banks from providing services to crypto customers.

A recent survey funded by the Digital Currency Group (DCG) has found that one in five voters in the United States considers cryptocurrency to be a key issue in the upcoming November elections. The survey results highlight the increasing relevance of digital assets and blockchain technology in the political discourse.

Arif Khan, CEO of Alethea, a prominent AI company, delivered a speech at the Consensus 2024 conference. During his talk on the AI Stage, Khan predicted that in the near future, daily tasks such as paying bills and responding to emails will be automated through the use of artificial intelligence technologies.