As of 20th February, with a 1.10% spike in the crypto market, most of the digital assets are charted in brief green. Still, the red trait is seen, and the largest asset, Bitcoin (BTC), is one step up from the former support zone, hovering at $67.7K. The largest altcoin, Ethereum
U.S. officials met with banking leaders and crypto industry representatives at the White House on Thursday to revisit one of the most divisive issues in digital-asset legislation: stablecoin rewards. Lawmakers continue to debate how to regulate yield or incentive programs tied to dollar-pegged tokens under the proposed CLARITY Act. The
A drop in the AI sector has brought AI cryptocurrencies into the spotlight. There is a notable dip in both segments, with the plunge spanning across all the US stock market indexes. Companies that have lost shares are Nvidia, Microsoft, and Alphabet, among others. For the AI crypto segment, a
An official from Australia who was admitted guilty to selling sensitive cyber tools to a broker from Russia, and the payment was done in crypto under contracts guaranteeing millions more, making crypto the core of a case prosecutors claimed endangered Five Eyes intelligence abilities. Prosecutors claimed Peter Williams, a native
CoinDCX, which is a Mumbai-based Indian exchange, has announced an Rs.111 crore ($12.24 million) Employee Stock Ownership Plan buyback, which benefits more than 500 current and former employees to convert part of their company shares into cash. Sumit Gupta, co-founder of CoinDCX, has made an announcement on LinkedIn about the
The United Arab Emirates has accumulated approximately $344 million in unrealized bitcoin profit, excluding energy costs, according to new data from Arkham Intelligence. The holdings stem from mining operations linked to Abu Dhabi’s Royal Group. Arkham reported that UAE-linked wallets currently hold $453.6 million worth of bitcoin. The mining activities
Ledn issued a $188 million bond offering collateralized by Bitcoin-backed loans, establishing a precedent in the crypto asset debt market. The company structured the bond offering in two tranches, pricing one investment-grade tranche at 335 basis points over the benchmark rate. The structuring agent and bookrunner was Jefferies Financial Group.
Meeting minutes by the Federal Open Market Committee (FOMC) have hinted at a possible rate hike. This comes despite a drop in inflation and at a time when the crypto market is attempting to find a bullish momentum. The focus, as stated, could be on choosing inflation or the labor
U.S.listed spot Exchange-Traded Funds (ETFs) posted a combined net outflow of $175.1 million from Bitcoin and Ethereum ETFs, which is led by BlackRock funds in both the crypto ETFs. When it comes to other major altcoin ETFs, the XRP ETFs saw withdrawals, while the Solana ETF saw net inflows of
With extreme fear hanging in the crypto market, the bears are gaining more power day by day. The total market cap is resting at $2.3 trillion, after a modest loss. Bitcoin (BTC) and Ethereum (ETH) are the largest dominant assets, which attempt to escape the bear market. Among the altcoins,
