Regulators say structural issues in DeFi warrant regulations
The chair of the European Central Bank, Christine Lagarde, the Chair of the US Federal Reserve, Jerome Powell, and the BIS general manager, Agustin Carstens, have shared their views on…
Circle announces USDC will be supported in five more blockchains
Circle has announced that the USD Coin (USDC) stablecoin will be available on five additional blockchains. These blockchains include Arbitrum, Cosmos, NEAR, Optimism, and Polkadot. USDC support extends to five…
Binance halts support for USDC as market cap drops
Binance is halting support for several stablecoins including USD Coin (USDC). The effects of this move are already being felt, as seen in the USDC market cap, which has dropped…
US Treasury yields are soaring, but what does it mean for markets and crypto?
The 10-year U.S. Treasury yield recently hit its highest level in 12 years, but how might this impact investors’ sentiment toward stocks and cryptocurrencies? Across all tradeable markets and currencies,…
SEC alleges fintech and ‘market maker’ firms manipulated crypto market in token scheme
Though the SEC has pursued many enforcement actions related to initial coin offerings, the regulator’s stance on airdrops’ role in alleged token schemes is unclear. The United States Securities and…
Bitcoin price slips under $19K as official data confirms US recession
Politicians continue to argue about whether the U.S. economy is in a recession, even as data highlights two consecutive quarters of negative growth. Meanwhile, BTC holds $19,000, for now. Bitcoin…
Ghana set to catch up to Nigeria and Kenya in terms of crypto adoption: Chainalysis
Paxful CEO Ray Youssef said that the current growth trends in Ghana show it has the potential to be a leader in terms of crypto adoption. As emerging markets take…
US lawmaker admits the regulators are running out of time for crypto regulations
The regulatory situation in the crypto industry continues to stagnate as lawmakers still struggle to come up with a set of laws and rules that would ensure regulatory clarity. More…
South Korean crypto project offers a unique deal to gaming firms
The crypto industry has seen a growing rate of adoption despite the market crashes, especially in East Asia. The adoption is growing to the point where crypto projects are rapidly…
F1 team McLaren Racing unveils its crypto cars only a week before Grand Prix
A popular F1 team, McLaren Racing, decided to surprise fans around the world yesterday by revealing a brand new look for its cars, a mere week before the start of…
Binance wants to re-enter the Japanese market 4 years after leaving
Binance has surprised the crypto world yet again, this time by reportedly looking for a way back into the Japanese crypto market. The company decided to leave Japan about four…
Meta Officially Unveils NFT Sharing Feature For US Based Facebook And Instagram Users
In a new announcement made by Meta, US-based Instagram and Facebook users can now connect their wallets to upload digital collectibles across the platform Users will also be able to…
Biggest Movers: SOL Moves Towards $35.00, XMR Extends Recent Gains
Solana rose for a second straight day on Thursday, as the token moved closer to its long-term resistance point of $35.00. Monero was also in the green during today’s session,…
Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar
Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week,…
Bitcoin, Ethereum Technical Analysis: Market Volatility Remains High, as BTC Climbs Above $19,000
Volatility in cryptocurrency markets remained high on Thursday, as markets began to consolidate following a recent red wave. Bitcoin was back above $19,000 in today’s session, with ethereum also rebounding…