Tim Draper Predicts Bitcoin Will Outpace Fiat Currencies, Asserts Its Superiority Over Traditional Banking
Renowned bitcoin investor and venture capitalist, Tim Draper, envisions a future where bitcoin emerges as a formidable competitor to the world’s fiat currencies. During a recent interview with Fox News, Draper argued that bitcoin’s…
SEC passes new ‘conflict of interest’ rules governing how brokers can use AI
The new rules will govern how brokers use artificial intelligence to entice investors and how they use “optimization functions” to target investors and determine investment strategies.
Bitcoin: What On-Chain Data Says About The Latest Dip Below $30,000
The Bitcoin price has been underwhelming in the past few days, reflecting the current state of the cryptocurrency market. On Monday, July 24, investors watched the price of the premier cryptocurrency retreat beneath the $30,000 mark again. …
Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth
In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep…
Federal Reserve Hikes Fed Funds Rate by 25 Basis Points
The move was fully anticipated by market participants who will now look to Chairman Jerome Powell’s imminent post-meeting press conference for clues about whether the central bank intends to continue tightening monetary policy.
As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to…
Compound (COMP) Bulls Strengthen Market Control With 13% Rally
COMP, THE native token of Compound Finance, has seen its market price rise significantly on Wednesday, emerging as the top gainer of the day. According to data from CoinMarketCap, COMP is up by 13.24% in the last 24 hours as the bulls increase…
Singaporean Judge Declares Crypto Is Personal Property In ByBit Case
In a recent development, a judge of the Singapore High Court has declared that cryptocurrencies are personal properties. The court likened crypto to fiat money, and since fiat passes as personal property, crypto should pass as one, too, the court…
Canada proposes new capital rules for crypto holdings
The Office of the Superintendent of Financial Institutions is opening public consultations on two draft guidelines, updating its capital and liquidity approach to crypto assets.
US lawmakers invoke FTX and spar on direction of crypto bills
On July 26, six pieces of legislation were being considered by the House Financial Services Committee, including ones on regulatory clarity and consumer protection in the space.
Maker (MKR) Shows Positive Moves As Top Coins Land In The Red
MakerDAO’s (MKR) posted positive moves today even as the broader market saw a slight correction. While top coins painted charts red with bearish moves, MKR added over 3% in the last 24 hours, bringing its price to $1,139.92 at 9:25 am EST. This…
Biggest Movers: SOL, XRP Snap Recent Losing Streak on Wednesday
Solana ended a two-day losing streak on Wednesday, as the token surged by as much as 7% in today’s session. The move came following a two-week low on Tuesday, as markets slipped after recent highs. XRP also edged higher, and currently hovers…
Bitcoin Exchange Supply Only Slips Further Despite Price Decline
On-chain data shows that the Bitcoin exchange supply has only continued to slip further recently despite the price drop to the $29,200 that BTC has observed. Bitcoin Exchange Supply Has Declined To Just 1.17 Million BTC Now According to data from…
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