In this category of NewsCrypto, you will find news covering the whole cryptocurrency market and delivering the most recent developments in the industry. The market news section is constantly updated by a team of writers worldwide, who work tirelessly to bring you the most up-to-date information. Investors, standard readers, and financial lovers worldwide may find the most up-to-date information about the cryptocurrency and blockchain industry in the market news area. The website focuses on providing readers with unbiased information on current crypto market movements.
The Senate Agriculture Committee recently heard testimony from CFTC Chairman Rostin Behnam, who addressed the topic of digital asset categorization in the context of the crypto market. Bitcoin (BTC) and Ethereum (ETH) were acknowledged as commodities under the Commodity Exchange Act by the U.S. Illinois court, according to Behnam. Additionally,
The latest congressional testimony by Federal Reserve Chair Jerome Powell revealed strong desire to have stablecoin legislation passed before the year closes. Recently, Fed Chair Jerome Powell voiced his support for stablecoin regulation. Rep. Wiley Nickel asked Powell about the Federal Reserve’s stance on stablecoin regulation. And Powell said that
Notable update has emerged from Sam Altman’s co-founding company, Worldcoin, as they have decided to postpone the redemption date for WLD Grant Reservations. The project’s native cryptocurrency, WLD, shot up in price today, surpassing the $2 mark, thanks in large part to this update. The Worldcoin Foundation recently announced a
On Thursday, July 11, the crypto market players are anticipating the publication of the U.S. Consumer Price Index (CPI) statistics with great anticipation. Crucial inflation statistics may set the tone for the Fed’s future position with their policy rate plans, therefore the whole financial market will closely monitor it. Everyone
On Tuesday, July 9, Bank of Italy Governor Fabio Panetta said that direction on the application of impending European Union crypto regulations would be published “in the coming days” by the central bank of Italy. A transcript of Panetta’s address to the Italian Banking Association on July 9 states that
Blockchain analytics firm Elliptic has released a report accusing the Cambodia-based marketplace Huione Guarantee of enabling money laundering and other illicit activities. Since its inception in 2021, crypto wallets associated with Huione Guarantee and its independent merchants have reportedly received over $11 billion, which is suspected of involving fraudulent transactions.
Zodia Markets, a cryptocurrency subsidiary of Standard Chartered, is reportedly on the verge of acquiring Elwood Capital Management. This move signifies the growing intersection of traditional banking and the burgeoning crypto sector. The parties have not officially confirmed the deal. Yet, the acquisition is anticipated to be finalized by the
Launched via a cooperation with custodian company Paxos in August 2023, PayPal’s USD-pegged stablecoin PYUSD has had its market supply surpass 500 million tokens. By the end of 2023, PYUSD’s supply had grown to 230 million after its launch. According to statistics compiled by DeFiLlama, the total quantity of stablecoins
Coinciding with a meteoric rise in inflation, crypto popularity in Argentina has reached new heights. According to researchers from Forbes, Argentina has been dominating the Western hemisphere in crypto adoption with an annual inflation rate of 276%. According to a Forbes report from July 8, experts found that among Western
The USDC stablecoin issuer Circle, has announced launch of EURC, its first euro-backed stablecoin, on Base, a layer 2 blockchain. Developers are being incentivized to create a digital currency backed by the euro in an attempt to facilitate quicker and cheaper transactions for people all around the world. It is
