Features Today TheBitTimes.com

Bitcoin price rose to near $64,000 as stock futures climbed. The upside came after US inflation data showed consumer prices rose less than expected in April. Algotech, a new crypto trading project, continued to attract investors as its presale crossed $4.8 million. As stock futures rose on Wednesday, Bitcoin price jumped more than 2% to break above $63,700. The benchmark cryptocurrency’s rise towards $64,000 saw altcoins flip green. Amid the gains for alts such as Ethereum, Toncoin and Avalanche, new Crypto project Algotech swelled in presale. Bitcoin surges as CPI rises less than expected On Wednesday, data on inflation showed that the consumer price index (CPI), the US Federal Reserve’s preferred inflation gauge, only rose 0.3% in April. That was lower than the expectation of 0.4% for the month-on-month increase, CNBC reported. While the inflation reading remains above 3%, its overall dip to 3.36% year-over-year in April from the 3.48% repo...

Upon approval, both the SEC and the FINRA will become Certificate Holders in the private blockchain, allowing regulators to view transactions and access the network governance. A Delaware company is seeking registration with the United States Securities and Exchange Commission (SEC) to carry out over-the-counter (OTC) stock trading on-chain.  BlackStar Enterprise Group has been developing the platform since 2018 and spent almost two years in communication with the regulator, answering dozens of questions and comments from examiners. Recently, the company has taken the next step in providing a detailed plan to the SEC Trading and Market division about how its platforms will be operated. BlackStar CEO Joseph Kurczodyna told Cointelegraph that he sought the SEC’s permission to build the platform’s demo in 2018. “We have proved that U.S. registered securities can be traded digitally on a blockchain, that the process is compliant with broker dealers’ back-office and SEC rules," co...