But while MICA, which sets out tight rules for companies operating in the crypto space, will go a long way towards protecting businesses and customers from its worse excesses, recent scandals suggest that those excesses could be worse and more ingrained in the sector than lawmakers might have hoped. It seems that a sudden flood … Read more
Cryptocurrency companies in the United States are facing increasing pressure from both federal regulators and banks. The Federal authorities have indicated a new willingness to get tough with the sector’s biggest players in recent weeks, with a spate of enforcement actions. At the same time, banks are getting more selective about their relationships with crypto … Read more
Bitcoin is on the verge of a bearish turn, according to a leading crypto analytics firm. Santiment says five indicators are flashing warning signs, even though the king crypto is making moves closer to the $30,000 price level. According to Santiment, the trading volume is cooling off, there’s been a decrease in market dominance, the … Read more
Ledger, the Paris-based company that manufactures hardware cryptocurrency wallets, has announced that it has raised an impressive $108.8 million in its Series C funding round. Pascal Gauthier, the Chairman and CEO of Ledger, made the announcement on Thursday and revealed that the funding round saw participation from both existing and new investors. Ledger, a company … Read more
XRP, the cryptocurrency created by Ripple, is surging on rumors surrounding the outcome of its long-running legal fight with the Securities and Exchange Commission. The crypto is up 10% in the past 24 hours, according to Messari, trading at a five-month-high of $0.5. XRP has jumped 46% in the past month. The price surge follows … Read more
“If the SEC rules in Ripple’s favor, we could see XRP prices jump 100% or more,” McMillan said. “But if the SEC rules against Ripple, we could see the entire alt-coin market crash.” A favorable outcome for Ripple could result in XRP gains of 100% or more, a crypto executive saysThe summary judgment ruling in … Read more
The S&P 500 surged higher on Wednesday, extending the recent rally that has pushed the benchmark index to record highs. The index was up 1.4% in afternoon trading, with all 11 sectors in positive territory. The rally was broad-based, with all 500 stocks in the S&P 500 trading higher. The S&P 500 rallied today, extending … Read more
What is Staking Crypto? – As per our readers’ demand and comments, we are publishing this article. If you want to Knoe More About Staking Crypto?, continue reading and learn more. Staking crypto is a concept that has been gaining increasing attention in recent times. It is one of the most popular ways of earning … Read more
The UK government has abandoned plans to launch a non-fungible token (NFT) through the Royal Mint, following months of criticism from the opposition Labour party. The government has confirmed that the proposal to launch a NFT through the Royal Mint is being abandoned, with economic secretary Andrew Griffith stating that the Mint will keep the … Read more
The founder of the now-bankrupt FTX cryptocurrency exchange, Sam Bankman-Fried, has been charged by US prosecutors with conspiring to bribe Chinese government officials with $40 million worth of payments. The payments were allegedly made to unfreeze accounts belonging to Bankman-Fried’s hedge fund, Alameda Research, which Chinese authorities had frozen. The accounts held over $1 billion … Read more
