According to BlockBeats, on December 5, Federal Reserve Chair Jerome Powell commented on Bitcoin's role in the financial landscape. Powell characterized Bitcoin primarily as a speculative asset, suggesting that its primary competition is with gold rather than the US dollar. Powell's remarks highlight the ongoing debate about Bitcoin's place in the global economy. As a digital currency, Bitcoin has often been compared to traditional assets like gold, which is seen as a store of value. Powell's statement aligns with the view that Bitcoin, much like gold, is used by investors seeking to hedge against economic uncertainty and inflation. This perspective contrasts with the notion that Bitcoin could serve as a replacement for fiat currencies like the dollar. The Federal Reserve Chair's comments come amid a broader discussion about the regulation and adoption of cryptocurrencies. As digital currencies gain popularity, regulators worldwide are grappling with how to integrate them into existing financial systems. Powell's acknowledgment of Bitcoin as a speculative asset rather than a currency suggests a cautious approach to its regulation and use in the financial sector. This stance may influence future policy decisions regarding the oversight and integration of cryptocurrencies into the mainstream financial system.

A Solana (SOL)-based memecoin is surging by double digits after Coinbase added the crypto asset to its listing roadmap. Gigachad (GIGA), a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, soared 51% as the top US crypto exchange made the announcement. GIGA was trading for $0.0414 Wednesday morning and shot up […] The post Solana Memecoin GIGA Rips 51% After... source: https://dailyhodl.com/2024/12/04/solana-memecoin-giga-rips-51-after-coinbase-adds-altcoin-to-listing-roadmap/

Bitcoin may consolidate in the near term while select altcoins continue to outperform. source: https://cointelegraph.com/news/price-analysis-12-4-btc-eth-xrp-sol-bnb-doge-ada-avax-ton-shib?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Tom Lee, the Chief Investment Officer at Fundstrat, has raised concerns about a potential supply shortage of Bitcoin (BTC) as it approaches the $100,000 mark. The post Bitcoin’s Surge Beyond $100K Could Trigger Supply Shortage, Predicts Crypto Expert appeared first on Cryptodnes. source: https://cryptodnes.bg/en/bitcoins-surge-beyond-100k-could-trigger-supply-shortage-predicts-crypto-expert/

Dogecoin has entered a consolidation phase, holding below its recent local high of $0.48. Despite showing signs of bullish momentum, the price has struggled to break above key resistance levels, leaving traders and investors anticipating its next move. Market sentiment remains optimistic as Dogecoin continues to attract attention from retail and institutional players. Related Reading: Dogecoin... source: https://www.newsbtc.com/news/dogecoin/dogecoin-is-ready-to-run-again-analyst-expects-60-rally/

NFTs have started to recover, recording a monthly sales volume of $562 million in November. source: https://cointelegraph.com/news/nfts-hit-562-million-monthly-sales-nike-rtfkt-shuts-down-newsletter?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

There is a key disconnect between India’s top crypto adoption metrics and the lack of widespread cryptocurrency use. source: https://cointelegraph.com/news/in-india-adoption-metrics-don-t-match-on-ground-reality?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Rep. French Hill said he was concerned about debanking in the crypto industry and said he plans to scrutinize the issue in the new year. source: https://www.theblock.co/post/329498/rep-french-hill-pledges-to-investigate-debanking-following-crypto-executives-complaints?utm_source=rss&utm_medium=rss

Mayor Eric Adams, who took office in 2022, announced after his election victory that he would accept his first three paychecks in Bitcoin. source: https://cointelegraph.com/news/new-york-mayor-eric-adams-bitcoin-holdings-laughing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Despite the existence of a government that is pro-crypto, the United States authorities are not being lenient toward fraudsters. David Brend, who was convicted of conspiracy to commit wire fraud for promoting crypto mining and trading firm IcomTech, has been sentenced to 10 years in prison. In a hearing held on December 2 in the […] source: https://www.cryptopolitan.com/icomtech-promoters-sentenced-to-10-years/

2016년 비트파이넥스 해킹과 연관되어 미국 정부 지갑에 보관되어 있던 2천만 달러 이상의 암호화폐가 의심스럽게 이체되어 도난 가능성에 대한 우려가 제기되고 있습니다. 블록체인 분석가들은 이더리움 및 스테이블코인과 같은 자금이 갑작스럽게 이동한 것을 해커와 연관된 것으로 보고 조사하고 있습니다.