Category: Bitcoin News

BOE Governor Says Weak Stablecoin Rules Could Risk Stability

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Weaker stablecoin rules in the UK could risk financial stability and trigger a credit crunch, according to the Bank of England’s deputy governor, Sarah Breeden. “We have a different set of risks to manage as we transition to bringing in this new form of money,” Breeden’s told Reuters on Tuesday. Last week, she said that the UK can keep pace with the US on stablecoin regulation. Crypto industry leaders have criticized the BOE’s stablecoin consultation paper released on Monday, which proposed a relatively strict stance on stablecoin regulation in comparison…

Prospective CFTC Chair to Face Hearing after Trump Pulls First Pick

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Michael Selig, currently serving as chief counsel for the crypto task force at the US Securities and Exchange Commission, will face questioning from senators next week in a hearing to consider his nomination as the chair of the Commodity Futures Trading Commission. On Tuesday, the US Senate Agriculture Committee updated its calendar to include Selig’s nomination hearing on Nov. 19. The notice came about two weeks after the SEC official confirmed on social media that he was US President Donald Trump’s next pick to chair the agency following the removal…

BTC ‘Wave III’ Setup Hints at $200K Rally Ahead: Analyst

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Key takeaways: Bitcoin’s Wave III expansion could drive prices toward $200,000 to $240,000. The long-term structure remains bullish despite flat futures market activity in Q4. US economic rebound and risk-on sentiment may fuel Bitcoin’s next rally. Bitcoin’s (BTC) long-term price structure is showing renewed strength as analysts anticipate the next phase of its parabolic expansion. According to market analyst Gert Van Lagen, Bitcoin has once again rebounded from its 40-week simple moving average (SMA). Van Lagen said that the corrective Wave II phase appears close to completion, with Wave III…

SOL Traders’ Wishes Granted, Except For New Price Highs

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Key takeaways: Solana’s strong onchain metrics and DApps revenue dominance hint at long-term strength despite recent selling pressure from major holders. Solana ETF inflows and diversified onchain activity support SOL, yet macro risks in AI and trade remain key obstacles to a $250 recovery. Solana’s native token, SOL (SOL), fell 6% after flirting with $172 on Monday. The drop largely mirrored a pullback in the Nasdaq Index, which came under pressure after CoreWeave (CRVW US) cut its cloud services revenue forecast and reports surfaced that China plans to ban the…

ClearToken Gains FCA Approval for Crypto Settlement System

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ClearToken, a digital asset clearing and settlement company, has received approval from UK regulators to launch a system for settling crypto and stablecoin transactions — a move that underscores the country’s push to expand oversight of digital finance. The company announced Tuesday that it had received authorization from the Financial Conduct Authority (FCA) to operate its Delivery versus Payment (DvP) settlement platform, known as CT Settle, which will support spot trades in crypto assets, stablecoins and fiat currencies. Once CT Settle becomes operational, regulated financial institutions will be able to…

ETH’s $200B Tokenization Wave Lines Up Next Parabolic Rise

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Key takeaways: Ethereum currently hosts $201 billion in tokenized assets, which is nearly two-thirds of the global total of $314 billion. Institutional growth led by BlackRock and Fidelity has driven a 2,000% surge in onchain fund AUM since 2024. ETH exchange supply hit a yearly low, hinting at investor accumulation and a stronger market floor. Ethereum’s growing dominance in the tokenized asset landscape is reshaping how investors value its network fundamentals and its native token, Ether (ETH). As of Nov. 11, tokenized assets across all blockchains amount to roughly $314…

PrizePicks Joins Polymarket in US Prediction Market Push

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PrizePicks, one of North America’s largest daily fantasy sports operators, has partnered with Polymarket to expand into the prediction-markets space — a move that could open new revenue streams beyond its core fantasy sports business. The partnership will integrate Polymarket’s event contracts directly into the PrizePicks app, allowing users to make predictions on outcomes spanning sports, entertainment and cultural events, the companies disclosed Tuesday.  Polymarket founder and CEO Shayne Coplan said the collaboration could attract millions of PrizePicks users to the emerging prediction-markets ecosystem. Both companies said the rollout will…

Dan Tapiero says Bitcoin’s Bull Run Still On, But a 70% Drop Could Follow

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Macro investor Dan Tapiero remains convinced that Bitcoin (BTC) is on track to reach $180,000 as part of its current bull cycle, but warns that a major correction could follow once the rally peaks. Despite recent risk-off sentiment and heavy selling from long-term “OG whales,” Tapiero insists the bull market remains intact. “I think the macro backdrop is still positive,” he said in an interview with Cointelegraph.  According to Tapiero, the latest all-time high didn’t fully reflect the “fundamental improvements” in Bitcoin’s ecosystem or the increasingly favorable macro environment supporting…

XRP ‘Mega Breakout’ Setups See Price Hitting $5 By Year’s End

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Key takeaways: XRP’s (XRP) price may reach $5 by year’s end, according to a “mega breakout” setup shared by one chart analyst. Cup-and-handle sees XRP price doubling Analyst Milkybull shared a chart on Tuesday showing a cup-and-handle pattern, a classic bullish setup that often forms during major market bottoms. Source: X In technical analysis, the cup represents a period of accumulation following a deep correction, during which traders gradually buy the asset, creating a rounded base. The handle then appears as a short-term pullback that typically ends when buyers regain…

IRS Rules, Tax Limits and Compliance Guide

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Key takeaways: Bitcoin gifts aren’t immediately taxable. The IRS treats cryptocurrency as property, so recipients generally don’t owe income tax on the gift. Stay within the 2025 exclusion limit. You can gift up to $19,000 per person, or $38,000 for spouses splitting gifts, without triggering Form 709. Recipients inherit the donor’s cost basis. Future taxes depend on the donor’s original purchase price, not the cryptocurrency’s value at the time of the gift. Keep detailed records to avoid IRS issues. Document the fair market value, transaction date and wallet details to…