Major US banks get passing grade in ‘severe recession’ stress test
America’s central bank has been stress-testing retail banks in the wake of several high-profile banking collapses earlier this year.
Posts published on June 28, 2023 go to media archive 1/4
XRP Price Topside Bias Vulnerable Unless It Climbs Above $0.50
Ripple’s token price started a fresh decline from $0.5265 against the US Dollar. XRP price could extend its decline unless it climbs back above $0.50. Ripple’s token price is moving lower below the $0.488 support against the US dollar. The price is…
BlackRock lauds AI as ‘mega force’ to drive returns
AI could prove to be a boon for investors looking for gains in today's “unusual” market.
SEC Has No Jurisdiction Over Cryptos on Coinbase's Platform, Exchange Claims in Response to Regulator's Lawsuit
U.S. crypto exchange Coinbase claimed that digital assets listed on its platform fall outside the U.S. Securities and Exchange Commission's (SEC) purview in its first legal response to the regulator's lawsuit. The SEC sued Coinbase at the beginning…
Binance Abandons Planned Delisting of Some Privacy Coins in EU Markets
Cryptocurrency exchange Binance has reconsidered a decision to delist some privacy tokens in several European markets. The leading coin trading platform will continue to offer trading in these digital assets after revising their classification to…
Ethereum Price Grinds Lower As The Bulls Take Back Seat
Ethereum price is slowly moving lower below the $1,880 level against the US Dollar. ETH is still at risk of a move toward the $1,790 support. Ethereum is moving lower from the $1,920 resistance. The price is trading below $1,880 and the 100-hourly…
Bitcoin Price Needs To Clear $31K For Hopes of a Fresh Rally
Bitcoin price is still facing a major hurdle near $31,000. BTC could correct lower below $29,800 if it stays below $31,000 for a long time. Bitcoin is still consolidating below the $31,000 resistance zone. The price is trading below $30,500 and the…
Robert Kennedy Jr Promises to Protect Your Right to Use and Hold Bitcoin as President
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to ensure that “your right to use and hold bitcoin is inviolable” if he is elected U.S. president. “Bitcoin is not only a bulwark against totalitarianism and the manipulation�
FTT Flies 45% On Rumors Of FTX Planned Relaunch
FTT, the native currency of FTX and its ecosystem, is up 45% when writing on June 28. This positive price action follows a report by the Wall Street Journal that the exchange’s new management has started receiving proposals from parties interested…
Hester Peirce: US crypto laws can’t assume ‘everything is a financial asset’
SEC commissioner Hester Peirce discussed a possible U.S. crypto legal framework, giving a reminder that not all uses are financial.
Italy’s central bank calls for framework to prevent stablecoin runs
Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”
FTX reboot on the way: CEO holds talks with ‘interested parties’ — Report
FTX is inching closer to a potential reboot, with CEO John Ray reportedly opening up the floor to bidders looking to finance the new venture.
Bitcoin Takes The Crown: Market Cap Dominance Soars Above 58%, Highest Level Since 2021
Bitcoin (BTC) has again taken center stage in the cryptocurrency market as institutional interest surges. This interest has been spurred by major financial giants such as BlackRock, Fidelity, and Ark Invest, who have applied with the U.S…
First Mover Asia: Bitcoin Retreats, Quickly Regains $30K Perch as Investors Mull ETF Timing, Inflation
ALSO: Fast-paced, entrepreneurial Seoul ranked fourth globally in CoinDesk's crypto hub series. Korea's digital asset friendly, regulatory environment and a vibrant retail community have helped enabled the industry's rising prominence in the city.
Crypto Exchange Binance’s Motion to Restrain SEC’s Public Statements Denied
Australian stock exchange may consider listing tokenized real-world assets
The tokenized asset would need to be “appropriately backed” but could “absolutely” be listed in the future, said ASX chief information officer Dan Chesterman.
Azuki ‘Elementals’ Mint Mishap Highlights the Fragile State of the NFT Market
From questionable mint mechanics to recycled artwork, Azuki’s latest NFT mint shows that even blue-chip projects are struggling to grow during a challenging bear market.
Binance EUR Banking Partner to Halt Support of the Crypto Exchange in September
The exchange recently announced a retreat from the U.K., Netherlands and Cyprus.
Sui Foundation Refutes Claims Of Dumping Locked Staking Rewards On Binance
The team behind the Sui network and its native SUI token has taken to Twitter to deny allegations of selling locked staking rewards on Binance. Word on the street is that the team moved a huge amount of locked staking rewards and dumped them on…
Bitcoin Reaches Longest Stretch Ever Without A Bull Run
Bitcoin is known for its explosive price movements — both bullish and bearish. However, Relative Strength Index data suggests the top cryptocurrency by market cap has gone the longest stretch ever without a bullish impulse. Just how long has it…
Bitcoin Poised For Potential Major Buy Signal In July
Spurred by the recent flood of spot Bitcoin ETF applications from Blackrock and Fidelity among others, Bitcoin vaulted impressively up to the $30,000 area where its momentum has stalled in recent sessions. While many analysts and traders routinely…
Unplugged: The Impending Threat of Widespread Blackouts in Grid-Reliant Economies
Lately, the media has been captivated by the possibility of a grid collapse and the devastating economic consequences it would entail. Curiously, the internet is teeming with headlines suggesting the plausibility of such a collapse, whether caused…
Solana Faces Resistance Yet Traders May Find Buying Opportunities Here
The price of Solana (SOL) has experienced consolidation in recent trading sessions, particularly in light of Bitcoin’s inability to trade at $31,000. SOL remains below a significant resistance level that the bulls have struggled to overcome…
RBI lists risks of stablecoin for developing economies, calls for global regulation
The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto.
Maple Finance announces direct lending to fill the void left by BlockFi, Celsius
The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.
Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT
Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing.
BNB Market Cap Down By 25% In June Amidst Binance Regulatory Pressure
BNB, a native token of the Binance exchange, has seen a massive decline in its market shares following the global regulatory pressure on the trading platform. Binance began experiencing regulatory troubles on June 5, when the United States…
Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers
FTX's lawyers allege Daniel Friedberg allowed its executives' criminal activities to fly under the radar for years.
Indonesia Bitcoin Conference 2023 To Take Place In Bali
The Indonesia Bitcoin Conference 2023 is set to take place on October 26-27 at the Prime Plaza Hotel in Bali, bringing together a diverse group of individuals interested in Bitcoin's potential to revolutionize the financial industry.With over 40…
Compound Founder Forms 'Superstate' to Create Bond Fund With Ethereum for Record-Keeping
Robert Leshner, CEO of the decentralized lender Compound, has registered a plan with the U.S. Securities and Exchange Commission to sell short-term government bonds that would use the Ethereum blockchain as a secondary record-keeper.