Crypto News
U.S. Justice Department Official Says Writing Code Without Bad Intent ‘Not a Crime’
A senior official at the U.S. Department of Justice knew the crypto audience in Wyoming had fresh software developer convictions on its mind when he told them on Thursday that his department doesn't want to go after digital assets software developers who don't have money-laundering intentions.Matthew Galeotti, acting assistant attorney general in the DOJ's criminal division, made those assurances at an event hosted by the new crypto group American Innovation Project, drawing vigorous applause."The department will not use federal criminal statutes to fashion a new regulatory regime over the digital asset industry," he said. "The department will not use indictments as a lawmaking tool. The department should not leave innovators guessing as to what could lead to criminal prosecution."He added...
Why VivoPower Wants Ripple Shares at a Discount to Its XRP Holdings
VivoPower, which has pivoted away from its sustainable energy focus to build an XRP treasury, is trying to gain ownership of Ripple shares.Source link
$1.9 Billion Pulled From Bitcoin and Ether ETFs in 4 Days as Outflow Streak Hits Hard
Bitcoin ETFs lost $312 million and ether ETFs shed $240 million on Wednesday, extending the heavy outflow streak to a fourth consecutive day. In total, crypto ETFs have now seen $1.9 billion leave over the past four trading sessions. Bitcoin ETFs See $312 Million Exit, Ether Funds Lose $240 Million in Relentless Selloff The selloffSource link
Why the $470 Million XRP Whale Unwind Is Not Cause for Panic: Analyst
XRP sentiment remains bullish, noted the analyst, who also suggested the activity represented a redistribution. Source link
Bitcoin Nosedives Below $113K: ETFs Bleed, Powell’s Jackson Hole Speech on Deck
The price of bitcoin slipped past the $113,000 support level and tumbled to an intraday low of $112,147 per coin. Over the past week, it has dropped 4.9% against the U.S. dollar. $28M in Bitcoin Longs Obliterated as Price Slips Under $113K On Thursday, bitcoin’s trading action was far from cheerful as the top digitalSource link