🚨 Lawmakers in Washington are calling for a review of the risk treatment for Bitcoin.
Sullivan and Lummis are leading a letter that asks to revisit the Basel risk weight of 1.250% applied to digital assets. https://t.co/clotHFczPJ
🚨 Lawmakers in Washington are calling for a review of the risk treatment for Bitcoin.
Sullivan and Lummis are leading a letter that asks to revisit the Basel risk weight of 1.250% applied to digital assets. https://t.co/clotHFczPJ
$BTC
Looks to close another daily candle in red. Been some sketchy weakness this week.
Today, I haven’t opened any new $BTC trade.. I am still in the long from Asia sesison, buy risk is fully removed.
Will just be watching how price develops for now.
- If I see a interesting trade setup tomorrow, I will share. For now, patient waiting for clear setups.
LATEST: ⚡ A Michigan couple have closed on the first Fannie Mae-backed mortgage using Bitcoin as collateral. https://t.co/5X0ezLYrAC
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.