The controversial U.S. infrastructure bill was signed into law by President Joe Biden this morning, with the legislation passing without amendments made to the broad provisions that could impose stringent reporting requirements on crypto network validators and software developers.
Bitcoin fell by almost 8% earlier today before recovering slightly. The leading cryptocurrency by market cap dropped to nearly $60,000. Other major cryptocurrencies also experienced a sharp decline. The global crypto market cap has dropped some 7% in the past 24 hours to $2.8 trillion, according to tracker CoinGecko. The second leading cryptocurrency by market cap, Ether, also slid by as much as 6.8% and was trading at $4,273.
On Monday, November 15, crypto-miner Marathon Digital announced that it is willing to buy more Bitcoin and add new mining equipment to its existing fleet by selling $500 million worth of bonds.
Binance, the world's largest crypto company, issued Tuesday what it calls "10 Fundamental Rights for Crypto Users." The manifesto-like document calls for universal access to financial tools, strict protections for personal data, and other measures.
Last week, the U.S. House of Representatives passed a bipartisan $1.2 trillion infrastructure bill that includes the controversial cryptocurrency tax reporting requirement. President Joe Biden will now sign the bill into law.
The CEO of the world’s largest movie exhibition company, AMC Entertainment, says that payment service provider Bitpay has agreed to support the meme cryptocurrency shiba inu (SHIB) at his request. AMC will be able to accept shiba inu crypto for payments within the next few months.
With the recent boom of Metaverse and Meme coins, it seems that Yield Farming projects have been forgotten about. With the “DeFi Summer of 2020” over, Yield Farming still remains one of the most popular ways to earn rewards with your crypto.
Around 71% of those holding onto their holdings in the meme-inspired cryptocurrency Shiba Inu ($SHIB) are currently in a state of profit, while around 17% are down on their investment, according to crypto data firm IntoTheBlock.
Google’s keyword search data shows interest in nonfungible tokens (NFTs) has surged to record levels, with traffic beating out search terms pertinent to many crypto assets ranked among the top ten.