Lawmaker Introduces Defi Bill — Calls Decentralized Finance ‘Essential to Future of Markets’
Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns…
Crypto Analyst Identifies Cardano Buy Signal And Parabolic Rally To Send ADA Price To $5
As the altcoin season approaches, Cardano (ADA) is gaining momentum, having recorded more than a 14% increase in the past week, according to CoinMarketCap. Notably, a crypto analyst has identified a strong buy signal for ADA, suggesting that it…
Nigerian Currency Plunges After Central Bank Rate Hike
The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign…
Saudi Arabia Leads MENA in Crypto Growth for Second Year Running
Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems…
Kamala Harris wants the US to be ‘dominant’ in blockchain
Democratic presidential nominee Kamala Harris made another public statement about digital assets during a Wednesday speech at the Economic Club of Pittsburgh.
Bitcoin Correlation With Gold Now At Highest Level Since March
Data shows Bitcoin has been becoming increasingly correlated with Gold, a potential sign that the digital Gold narrative is making a return. Bitcoin Correlation With Gold Has Risen To 0.75 Recently In a new post on X, the market intelligence…
Alby Releases Alby Go, A Mobile App For Self-Custodial Bitcoin Lightning Payments
Today, Alby announced the release of Alby Go, a mobile application available for iOS and Android that allows users to make self-custodial payments via their Lightning node."ALBY MOBILE WEN?" "guys, when will you release an…
Cryptocurrency and Stocks Show High Correlation Levels as Macroeconomics Start Driving Markets
A Bloomberg analysis found that cryptocurrency and stock markets have shown a high correlation after the latest set of Federal Reserve interest rate cuts. According to analysts, this related movement would be the result of the macroeconomic…
Bitcoin Capped Below $65,000 As RSI Falls Below 80 In Monthly Chart: Should You Worry?
Bitcoin is firm at press time. According to CoinMarketCap data, the world’s most valuable coin is changing hands above $63,500, steady on the last day and up a decent 7% over the previous week of trading. Technically, the uptrend remains as…
Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement
Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged…
PayPal Enables Business Accounts to Buy, Hold, and Sell Bitcoin And Crypto
PayPal Holdings, Inc. (NASDAQ: PYPL) has enabled its U.S. business account holders to buy, hold, and sell cryptocurrency supported on its platform, such as Bitcoin, directly from their PayPal accounts. While this service is available nationwide, it…
Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty
In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors…
Ethereum Whales Spend $185 Million To Accumulate 70,000 ETH, Time To Buy?
Ethereum has largely mirrored Bitcoin in terms of price action and has yet to break out on its own accord in the past few months. According to price data, Ethereum is up by 13% in the past seven days, outpacing Bitcoin’s increase of 5.8% in…
QCP Capital Analyzes Bullish Macro Trends Impacting Bitcoin and Risk Assets
According to QCP Capital’s latest analysis, macroeconomic conditions are becoming increasingly favorable for risk assets, including cryptocurrencies. Central bank policies, particularly from China and the U.S. are playing a crucial role in…
The Three Doors: Which One Will Bitcoin Step Through?
Mircea Popescu is a mostly forgotten figure in this space, but he was once a very impactful cultural figure early on before he slowly faded out of the wider public sphere to eventually “accidentally” drown off the coast of Costa Rica. He was quite…
The Protocol: When Trump Bought Red-Meat Bitcoin Burgers, He Called It 'Crypto'
Republican U.S. presidential candidate Donald Trump won chits from the Bitcoin community for reportedly purchasing smash burgers at a Bitcoin-friendly New York pub. But in a way, the whole episode was about damage control.
Solana (SOL) Consolidates in Symmetrical Triangle – Analyst Reveals $160 Target On Breakout
Solana (SOL) is now trading at a critical juncture following last week’s market surge. The token has climbed over 20% from its recent local lows, now testing a crucial supply level around $150. This resistance zone has drawn the attention of…
Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience
Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the…
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"guys, when will you release an…