Federal Reserve's banking bailouts reach a new weekly high of $103B
The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout.
Posts published on June 29, 2023 go to media archive 1/4
FTX Pauses Sale of $500 Million Stake in AI Startup Anthropic
Failed crypto exchange FTX has unexpectedly halted the sale of its stake in the artificial intelligence (AI) startup Anthropic. The stock has been viewed as a source of funds that can be used to compensate customers who suffered losses as a result…
Litecoin Price Prediction: LTC Rallies 10% as The Bulls Aim $110
Litecoin price is gaining pace above $90 against the US Dollar. LTC could rally further above $100 and rise toward the $110 resistance. Litecoin is steadily moving higher toward $100 against the US Dollar. The price is now trading above $90 and the…
Crypto 'regulatory approach isn't needed now' — New Zealand central bank
Reserve Bank of New Zealand however said that crypto and stablecoins should be more closely monitored.
Ethereum Price Holds Strong at $1,800 – A Strong Case for Upside
Ethereum price is holding gains above the $1,800 level against the US Dollar. ETH could gain bullish momentum if it clears the $1,880 resistance zone. Ethereum is attempting a fresh increase from the $1,820 zone. The price is trading near $1,865…
CBDCs aren't about solving today's problems — Australia's CBDC lead
Dilip Rao, a former Ripple executive who's now leading Australia’s CBDC pilot has been examining 14 possible use cases of central bank digital currencies.
Bitcoin Price Key Indicators Suggest A Strengthening Case For Rally To $32K
Bitcoin price is still struggling to clear the $31,000 resistance. BTC is showing strength and might soon rally toward the $32,000 resistance. Bitcoin is trading in a range below the $31,000 resistance zone. The price is trading above $30,400 and…
Binance to Lose Euro Transfers as Paysafe Drops Support
Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s largest cryptocurrency exchange finds itself under pressure from regulators and banking partners in…
First Mover Asia: Large Bitcoin Holders Content to Hold Long Positions Amid Regulatory Turmoil
ALSO: Bitcoin holds steady near $30.4K – unstirred by Fidelity's filing for a spot bitcoin ETF and unexpectedly strong U.S. jobs and productivity data.
Ethereum/Bitcoin Futures Ratio Launch Could Threaten ETH Price? Expert Forecasts
The two largest cryptocurrencies by market capitalization, Ethereum and Bitcoin, slowed down on their rally. Following a surge above critical resistance, the cryptocurrencies could retrace and return to critical support levels. As of this writing…
Mastercard Introduces ‘Multi-Token Network’ to Support Wider Digital Asset Industry
Mastercard has introduced its Multi-Token Network (MTN), an app store powered by blockchain technologies for building regulated financial applications. “MTN represents one of Mastercard’s most ambitious projects in the digital asset space to…
Coinbase layer-2 network Base closes in on mainnet launch
While a date for mainnet wasn’t announced, the Base team said it’s now fulfilled 4 out of 5 of their criteria for launch.
North Carolina Advances Bill to Study Holding Bitcoin, Using Crypto to Hedge Against Inflation
The U.S. state of North Carolina has advanced a bill to study holding cryptocurrencies, particularly bitcoin, in the state treasury. The bill appropriates $50,000 from the state’s general fund to study three areas, including “The process of…
Litecoin Bull Case Grows Stronger As Hashrate Touches New All Time-High
Litecoin (LTC) has been one of the most bullish coins for the year 2023 with anticipation around its forthcoming halving event. This has propelled the digital asset toward price increases higher than the market average. And now, once again, the…
Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs
Chris Maurice, founder and CEO of crypto exchange Yellow Card said in Africa, crypto isn't the "casino" that it can sometimes feel like in the West.
Change the Code Blasts Wall Street for Propping Up Bitcoin Initiatives
Change The Code, a Greenpeace-backed initiative that seeks to change Bitcoin’s consensus algorithm, has blasted Wall Street companies for the support they are showing to Bitcoin-related activities. On social media, it has called out…
Dawn For Bitcoin: $5 Billion In Options Expire And Could Push Price Towards $31,000
Still recording some green on small timeframes, the price of Bitcoin has remained above $30,400. Despite the recent selling pressure across the sector, the support around this level held, providing bulls a chance to fight back. As of this writing…
U.S. House committee chairs, Blockchain Association turn up heat on SEC head Gensler
Three House chairs sent a letter regarding recordkeeping and FOIA, and the industry advocacy group suggested Wells notice recipients ask for his recusal from their cases.
U.S. Investors Are Driving Bitcoin’s Price Surge as Institutional Demand Rises
BTC price gains and trading activity have mostly concentrated during U.S. market hours, according to K33 Research.
Lacoste Expands Its NFT Ecosystem With New Rewards
The latest expansion of the Lacoste Web3 universe grants holders access to "creative sessions, contests, video games and interactive conversations."
European Banks to Disclose Exposure to Crypto Assets
Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the…
Fidelity renews push for spot Wise Origin BTC Trust, making it 7th applicant this year
The huge asset manager was denied approval for the Wise Origin Trust last year; now, it is joining a long line of spot fund hopefuls.
“Sam Bankman-Fried really hurt the industry” — Anthony Scaramucci
The politician and business magnate has his eyes set on Binance CEO CZ taking the reins of the future crypto industry.
Bitcoin Hovers Over $30.3K Despite Renewed Inflation Worries
In comments Thursday at a Madrid event on financial stability, Fed Chair Jerome Powell said that “it will take time for the full effects of monetary restraint to be realized.”
CME Group set to introduce ETH to BTC Ratio futures
The scheduled launch date for these futures contracts is set for July 31, pending regulatory review.
Cardano Shows Signs of Recovery: When Will it Reach $0.30?
Cardano (ADA) has shown signs of recovery in recent trading sessions, although its price continues to linger near a significant resistance level. In the past 24 hours, ADA witnessed a modest 2% increase, but weekly gains have been erased, resulting…
Report: FTX Management Seeks Investors to Revive Defunct Crypto Exchange; Exchange Token FTT Surges
FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly engaged in preliminary…
UK crypto bill reaches final stage, on track for passage
The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law.
ApeCoin DAO Votes In Two New Special Council Seats, Replacing Alexis Ohanian and Yat Siu
The two new members will help the Special Council "administer DAO proposals and serve the vision of the community,"
Prime Trust Is Having a Bad Month
Prime Trust may be taken over by the state of Nevada, and the situation seems alarming.