Q1 2023 goes down as the period that recorded significant recoveries in the cryptocurrency market. Bitcoin, Ethereum, and other altcoins displayed astounding rallies amid bank runs and Fed’s regulatory crackdown. Out of them all, stablecoins captured the major attention. The USDC brief depegging, due to Silicon Valley Bank (SVB) collapse,
Since the start of 2023, the Hedera (HBAR) network has taken the appropriate actions. Now, other players in the cryptocurrency space are taking notice of its distinctive Hashgraph technology. Hedera coin experienced a significant inflow, and as a result, its price jumped from a range of $0.057 to $0.075, skyrocketing
There was a 0.3% rise in U.S. inflation as measured by the Personal Consumption Expenditures (PCE) Price Index in February. This follows a report from the United States Bureau of Economic Analysis (BEA). Market participants had expected a reading closer to 0.4%. Core PCE increased by 4.6% over the last
Stellar Lumen’s principal function is to link individual users to financial institution payment networks. Stellar’s goal is to develop a system that facilitates low-cost, instantaneous money transactions. Stellar is more likely to compete with Ripple in its intended use case, which is to serve as a conduit between international financial
The CEO of the biggest cryptocurrency exchange in the United States, Coinbase, has spoken out against calls to temporarily halt ChatGPT’s enhancements. Despite support from several high-profile figures in the IT sector. Brian Armstrong recently tweeted: “Count me among the people who think this is a bad idea. There are
After a recent petition filed in the FTX bankruptcy proceedings. Leading cryptocurrency exchange OKX detailed intentions to restore frozen digital assets related to Sam Bankman-Fried’s crypto firms, FTX and Alameda Research. The Seychelles-based exchange said that it has launched an inquiry into FTX to ascertain whether or not the company
Investors in FTX are still reeling from the platform’s bankruptcy and the ensuing uncertainty about the future of their assets on the platform. Nonetheless, for the time being, European consumers have a window of opportunity to withdraw funds. The European branch of the cryptocurrency exchange, known as FTX EU, has
Brad Garlinghouse, CEO of Ripple, expressed his “disappointment” with Securities and Exchange Commission (SEC) Chairman Gary Gensler’s recent remarks about the crypto regulations. Earlier today, Garlinghouse urged American lawmakers to pay attention and consider legislation for the cryptocurrency industry on Twitter. The SEC chair stated before the House Appropriations Committee
A cascade of tragic financial disasters in 2022 has altered the future scope of cryptocurrency regulations. The crypto market archived the two colossal crashes – Terra Luna collapse and the FTX collapse – in its history. The aftermaths of these terrible events urged the regulators to investigate and dive into
Ripple (XRP) reached $0.50 for the first time since November 2022. Whale Alert, a tracker, and analyzer of cryptocurrency transactions reported that there is a notable increase in the XRP’s whale transactions. According to Whale Alert, there are 306,063,627 XRP transferred to several accounts within five transactions in the last
