Two congressmen from the Oklahoma Senate have proposed a bill that would protect bitcoin holders from increasing regulatory pressure from U.S. authorities. The bill authored by Senators Brian Hill and Bill Coleman proposes to approve the right of every resident of the state to buy, store and sell bitcoins, as well as to engage in the mining of cryptocurrency. The plan is to make cryptocurrency eligible for lower tax levies when it is used as a medium of exchange. However, specific mechanisms for protecting rights and tax rates are not specified in the text of the document, which means that so far the document looks like just a declaration of intentions. According to Dennis Porter, founder of the Satoshi Action Fund, who supported the bill, the document could give Americans the right to protect the fundamental rights to their digital assets. The businessman asked all interested parties to support the initiative so that it becomes law as soon as possible. UPDATE MAY 17, 2024 Oklahom

Wolfe Research analyst Rob Ginsberg said that bitcoin's unsuccessful attempts to overcome the $70,000 mark demonstrate the similarity of this cryptocurrency's behavior pattern to the assets of small-cap companies. Rob Ginsberg highlighted several factors in an interview with CNBC. First, like small-cap stocks, bitcoin is subject to sharp price fluctuations. This is due to its relatively small market and less liquidity compared to the larger assets of the traditional financial market. At the same time, investing in bitcoin is speculative in nature, as is the case with shares of small capitalization companies. Investors buy bitcoin in the hope of rapid price growth and are guided by short-term goals, rather than making long-term investment decisions based on the fundamental value of the BTC. Rob Ginsberg added that the price of bitcoin, as well as the prices of small-cap stocks, is highly dependent on the general mood in the market, when positive news can lead to a sharp rise

Auction house Scarce.City reported the sale of a notebook labeled Buy Bitcoin. The piece of paper became a meme thanks to a TV airing from the U.S. Congress seven years ago. The lot went for 16 BTC (about $1 million). The lot was a record price for the auction house. The event for the sale of the notebook took place in a bitcoin bar called Pub Key in New York. According to the information provided by the auction house, the new owner of the notebook was an anonymous customer under the nickname Squirrekkywrath. He is considered an industry veteran in the cryptocurrency community. The proceeds from the sale of the notebook are promised to be used to develop a cryptocurrency wallet in the Lightning network based on the decentralized Urbit platform. The founder of the project is Christian Langalis, the author of the inscription on the notebook. A leaf from a notebook labeled Buy Bitcoin became a meme after coming into view of television cameras during a speech by Federal Reserve chief J

In the world of cryptocurrencies, where growth opportunities seem limitless, fraud is thriving. One of the brightest signals is the promise of unrealistically high returns. 1. High Returns When you are promised a return of 10-30% per month, you should be wary. Even the most successful investment funds and traders can rarely guarantee such figures. The promise of high and fast returns is a classic sign of a Ponzi scheme. 2. Unexplained revenue schemes If the project cannot clearly explain exactly how revenues will be generated, this is a cause for concern. Reliable investments have a clear business model and transparent sources of profit, while fraudsters often use complex or obviously unclear schemes. 3. We need to actively invite people to the project If it is necessary to attract new participants to receive the promised income, this is a sure sign of a fraudulent scheme. In such projects, the income of the first investors is formed from the contributions of subsequent investor

Experts at global fintech company Finder have presented a number of predictions regarding the Cardano (ADA) cryptocurrency. Despite the slow growth of this cryptocurrency, various experts in the crypto industry predict that the price of ADA will rise to a record high in the near future. Cardano (ADA) cryptocurrency price will exceed 3 dollars A recent survey of participants conducted by Finders has revealed the future price outlook of the Cardano (ADA) cryptocurrency. According to the report, this crypto coin is expected to witness significant growth between $5.37 and $3.15 on average by 2023. Supporting the potential rise in cryptocurrency prices, Layer One X chief operating officer Matiu Rudolph predicted that the price of ADA coins could rise to $3.50 or higher by 2025 and reach a new all-time high of $10 by 2030. Matiu Rudolph based his predictions on Cardano's growing ecosystem and strong community of supporters. The loyal community of this cryptocurrency is one of its g