Bitcoin & Cryptocurrency Learning

The crypto industry is facing a regulatory crackdown as authorities step up enforcement actions against accused fraudsters and fallen stars, which is contributing to more volatility in the price of digital assets.

Amid the regulatory crackdown, bitcoin has rallied nearly 50% in the first seven weeks of the year. The industry has also gained support from celebrity Keanu Reeves, who called cryptocurrencies “amazing tools for exchanges and distribution of resources.”

All prices are as of 12:35 pm (EST) on February 17, 2023. Check the live price of Bitcoin and other coins here.

Crypto News

@Coindesk — DOGE Soaring After Musk Tweets Photo of His Dog inTwitter CEO Chair. Traders are pumping all things Shiba Inu after Twitter CEO Elon Musk posted a meme involving his dog Floki posing as the new boss of Twitter.
@CoinDesk — Bitcoin Primed to Rally to $56K as Nasdaq Breaks Out of Bull Flag, Chart Analyst Says. The analyst, who correctly predicted the late 2020 bull run, said 2023 could be a surprisingly good year for both cryptoand equities.
@Decrypt — Keanu Reeves: Criticism of Crypto ‘Is Only Going to Make it Better’. To dismiss crypto because of its volatility will strengthen it “in terms of how it’s safeguarded,” the star of “The Matrix” argued.
@TheNewYorkTimes — Authorities Step Up Their Crypto Crackdown. A string of enforcement actions, the latest involving the multibillion-dollar collapse of Terraform Labs, has put the chill on a recent Bitcoin rally.
@Bloomberg — Binance Considers Pulling Back From US Partners as Crypto Crackdown Escalates. Crypto giant Binance Holdings Ltd. is considering ending relationships with US business partners as regulators turn up the heat.
@Decrypt — Starbucks Polygon NFTs Are Already Selling for Thousands.Early Starbucks Odyssey users are already flipping the free NFT stamps for nearly $2,000 apiece ahead of the platform’s public rollout.

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