The dollar’s appreciation may be attributed to the Federal Reserve raising interest rates. As the supply of dollars dwindles, investors will have less money for riskier assets. Bitcoin is struggling to compete against the US currency. On Friday, the dollar index (DXY), which tracks the value of the dollar relative
The US CFTC is preparing to become a key crypto market regulator. They will allow the CFTC to act quickly to implement this digital market monitoring. According to the CFTC chairman, Rostin Behnam, the US Commodity Futures Trading Commission is prepared to become a major regulator of the cryptocurrency market.
There is an old saying In the wave of the Internet “The one owns users owns the world”， which is also true for the blockchain area. Only these adhere to the service concept of “user first” can go further down the road. Any company wanted to have long-term development will
Banking Institutions have already entered the digital asset market in Australia. CBA was the first bank in the nation to introduce crypto services through its mobile banking app last year. According to Henrik Andersson, CIO of cryptocurrency asset management Apollo Capital, institutions may soon flip on their cautious approach to
Solana had undergone a total of seven outrages since its launch. The validators have even encountered 10 million packets per second submission. Solana CEO and co-founder, Anatoly Yakovenko, expresses the worry of network outages being the major challenge in the Solana network. In an interaction with RealVision’s Raoul Pal on
Bitcoin is now trading at roughly $21,485, down 8.2% on the day. With $201.3M, Bitcoin is the most liquidated asset, followed by Ethereum with $132.7M. Today, the leading cryptocurrency, Bitcoin (BTC), dropped to a new weekly low of $21,344, according to data from CMC, continuing a three-day trend of unfavorable
Compared to June, the annual rate of inflation reduced marginally to 8.5%. Bitcoin is trading at $24,003 with a 4% increase in the last 24 hours. After a long period of stagnation, U.S inflation has fallen for the first time since April. Compared to June, the annual rate of inflation
In May, Talos disclosed a $105 million Series B fundraising round, valued at $1.25 billion. The total cryptocurrency market cap again reached $1 trillion. Talos, the largest supplier of institutional-grade technologies for trading digital assets co-founders Ethan Feldman and Anton Katz, stated that the cryptocurrency market will come back stronger
Market cap of BTC rose up to $438 billion after a 7.56% gain. According to CMC, the top gainers of the day are LDO, SNX,BCH, BTG and UNI. The crypto market has popped into the recovery path after a horrible episode of crashes over the past few months. It has
Stuart Alderoty stated that SEC is pressurizing the crypto market regularly. There is an urgent need for responsible crypto legislation in Washington, as per Alderoty. Ripple’s General Counsel, Stuart Alderoty, recently criticized U.S Securities and Exchange Commission (SEC) for its viewpoint on cryptocurrency regulation. According to Alderoty, the SEC is
