Clams(CLAM)

While several altcoins have recorded a heavy loss in the past months with some trading back at their bottom, OM traded well above a key price level for three months and resumed bullish. During the past months of the clampdown, OM saw little reduction compared to other cryptocurrencies that recently […]

Following a short bounce in late June, Pepe recovered for a week and entered the $0.000013 range but due to a sudden rejection, it lost steam and started to show signs of weakness. So far, it has lost 25% in a week. In continuation of the overall crypto market clampdown, […]

While reaccumulating for the next leg up, Doge witnessed an unexpected move and dipped to a new monthly low in the latest clampdown. It has recovered slightly overnight but appears set for another drop as bias turned bearish. Doge has posted a substantial gain in the past month in continuation […]

Earlier this month, Toncoin found support and started to increase after undergoing a short correction in April. That increase brought a full price recovery but it appeared to be rolling back following this bearish pattern. From $7.6 during last month crypto clampdown, TON took a sharp downturn and slowly declined […]

Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing services, said Rep. Sean Casten (D-Ill.), one of its backers.

As U.S. politicians continue to wrestle with how to approach crypto issues, about 21% of voters in vital swing states consider cryptocurrency policies as a topic important enough to sway their support, according to a Harris Poll survey commissioned by the industry, though it leaves some uncertainty about what the voters may end up clamoring for.

Several meme coins have shed huge losses amid the latest clampdown, but Dogwihat WIF has managed to regain strength today – leading the market’s top gainer chart with a 25% gain in the past 24 hours. It looks a bit strong. The leading Solana-based meme coin – WIF started this […]

The surge occurred as U.S. federal prosecutors charged the exchange and two of its founders with violating anti-money laundering laws on Tuesday.

Bonk is currently in the red following over 20% loss since yesterday. It appeared weak and now bleeding on the day. However, the price is approaching a key level, where a potential rebound is likely. The latest clampdown has positioned most meme coins in a downward range while bringing them […]

Despite this week’s crypto clampdown, Ray showed strength and continued to rally upward. It flipped through a key resistance to test a new high yesterday but faced rejection and is now looking for a retest.  Solana-based automated market maker – Raydium started this month a bit rough after managing to […]

Cardano’s ADA price looks set for a fresh drop following recent price rejections. It has posted some notable losses over the past days as it looks poise for a serious clampdown. Following an unexpected price movement this week, ADA has seen a noticeable reduction and at the same time showing […]

New rules from the SEC and FCC, and the former’s own SIM swap incident, are likely to raise scrutiny on crypto firms to clamp down on a scourge of identity-hacks, says Andrew Adams, partner at Steptoe.

The Biden administration recently put out an emergency edict which requires all bitcoin mining operations in the United States to submit full data on their electricity usage. US grid stability is cited as the reason.

Shiba Inu entered this week at a loss and further dipped to a new multi-week low. It sharply rejected that price level and climbed back to the $0.0000088 level, where it remained stagnant since Wednesday. After plunging to $0.0000083 earlier this month, Shiba rapidly rejected the price level and made […]

The crypto market has been on an upswing in the past 24 hours, with major altcoins like Solana (SOL) and Avalanche (AVAX) seeing double-digit gains. Meanwhile, hot new crypto presale Bitcoin Minetrix (BTCMTX) has just hit the $7.8 million funding milestone, with investors clamoring to get involved while the token price is so low. Solana […]

In a bold proclamation as 2023 comes to a close, MicroStrategy founder Michael Saylor has declared Bitcoin as "this year's winner."

Bitcoin is trading at levels previously seen in April 2022, shrugging off a tough year marked by several implosions and regulatory clampdowns.

The innovative new platform Bitcoin Minetrix (BTCMTX) has raised over $4 million on presale as investors clamor to get involved before the token hits the open market. This hot new Stake-to-Mine platform allows users to earn BTC rewards passively – and is already being touted as the next 10x token in the presale space. Exploring […]

Bullish Bitcoin investors are cheering the digital asset’s reclamation of a perch above $30,000 in recent days, but the rally back above that threshold only served to buoy bold predictions that the world’s largest and oldest crypto will hit six figures in the near future.

Crypto investors and their brokerages are waiting for a U.S. tax rule that will completely overhaul how they report their cryptocurrency taxes, but the government isn’t offering any straight answers about its holdup even as prominent lawmakers clamor for the Treasury Department to finish the job.

Figure Technologies, Inc., has pulled its application to become a federally chartered bank in the U.S., ending a three-year rollercoaster ride as regulators clamped down on crypto activity and digital assets banking suffered a black eye when regional lenders associated with the tech world cratered earlier this year.

The United States Senate has passed an $886 billion military spending bill with strict anti-money laundering provisions for cryptocurrency. U.S. Senate Takes a Stand on Crypto On Thursday, the U.S. Senate made a significant move by passing the 2024 National Defense Authorization Act (NDAA), a $886 billion military spending bill that contains a provision that will significantly affect the crypto industry. Spearheaded by senators Kirsten Gillibrand, Cynthia Lummis, Elizabeth Warren, and Roger Marshall, the amendment aims to tighten oversight of financial institutions involved in crypto trading and clamp down on the use of crypto mixers and "anonymity-enhancing" assets. The senators hailed it as a substantial step in regulating crypto assets. Merging Existing Acts The amendment draws from two existing acts already presented earlier to the Senate. Elements from the 2023 Lummis-Gillibrand Responsible Financial Innovation Act and portions of Senator Warren’s and Senator Marshall’s Digital Asset Anti-Money Laundering Act, introduced in 2022, have been integrated into the bill. These additions mandate the Secretary of the Treasury to establish examination standards for crypto assets, helping with risk assessment and ensuring compliance with money laundering and sanctions laws. Furthermore, the Treasury Department will be required to conduct a study on countering anonymous crypto transactions, specifically targeting the use of mixers to obscure fund origins. Customary Approach To Legislation The inclusion of crypto-related provisions in a military bill may raise eyebrows. However, the practice of adding non-defense-related amendments to military bills is not uncommon. Furthermore, the senators have defended this move by highlighting the importance of combating illicit finance within the crypto industry. Senator Lummis emphasizes that this measure is crucial for identifying and rooting out bad actors in the sector. Additionally, the bill aims to address concerns related to national security, ensuring that crypto assets are not exploited to evade sanctions or fund terrorist activities. As the House has already passed its version of the NDAA, both chambers will now enter negotiations to reconcile differences and reach a consensus on the final version of the bill. This process is essential for the legislation's passage and enactment. Broader Regulatory Initiatives In conjunction with the NDAA, other congressional committees have also taken steps to address the regulatory challenges posed by the crypto industry. The House Agriculture Committee recently advanced the Financial Innovation Technology for the 21st Century Act to establish a federal regulatory framework for cryptocurrencies in the United States. The House Financial Services Committee passed its version a day earlier, focusing on establishing clear criteria for classifying crypto assets as securities or commodities. As the House and Senate continue their negotiations, the outcome will determine the extent of regulatory measures imposed on the crypto sector and its impact on financial institutions and traders alike. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Kuwait’s government has hardened its stance against cryptocurrencies, prohibiting the use of digital assets for payments or investments in a bid to clamp down on money laundering and terrorist financing.

Recently, crypto experts and analysts have raised questions on whether Polygon (MATIC) price could plummet to zero amidst the SEC's tightening regulations on the crypto industry. Amidst the uncertainty, seize the opportunity to participate in Uwerx presale bonuses, offering enticing rewards for early investors. This article provides a comprehensive overview to help you navigate the evolving crypto community and make informed investment decisions. Polygon (MATIC) Price Prediction Polygon (MATIC) is a crypto and blockchain platform built on top of the Ethereum (ETH) network. Polygon (MATIC) aims to address the limitations of the Ethereum blockchain by providing faster transaction processing and lower fees. Polygon (MATIC) achieves this through a combination of technologies, including sidechains, plasma chains, and a decentralized network of validators. Polygon (MATIC) holds a value of $0.6339, boasting a market capitalization of $6B and a 24-hour trading volume of $552M. 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It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.