The US Federal Reserve has announced it would withdraw guidance for banks engaging in crypto asset and stablecoin-related activities. ”The Board is rescinding its 2022 supervisory letter establishing an expectation that state member banks provide advance notification of planned or current crypto-asset activities,” the Board of Governors of the Federal Reserve explained in an April […]
Trump Administration’s Treasury Secretary Scott Bessent lashed out at the Bretton Woods institutions, stating that the IMF and the World Bank had lost their way. However, Bessent noted that the U.S. would not abandon these institutions, opting to pursue relevant reforms from within instead. Bretton Woods Institutions ‘Knocked off Course:’ Trump Administration Seeks Change The […]
Global cross-border payment platform Axiym is targeting the rising demand from money services businesses (MSBs) for blockchain-based infrastructure and stablecoin solutions for international transactions, the company told Cointelegraph. Headquartered in Dubai, United Arab Emirates, Axiym disclosed on April 24 that it has processed more than $132 million in cumulative volume on the Avalanche blockchain. The […]
Bitcoin is rapidly disappearing from cryptocurrency exchanges as both corporate treasuries and sovereign wealth funds accumulate the asset, creating a supply squeeze that could reshape market dynamics. Fidelity Data Shows Bitcoin Moving to Long-Term Holders at Record Pace Bitcoin reserves on cryptocurrency exchanges have plummeted to 2.6 million BTC, the lowest level since November 2018, […]
Key Takeaways: The Bitcoin long-term holder cohort saw a $26 billion value increase as BTC price surged to $94,900. Short-term holders sold at a loss in early April. Bitcoin’s 30% correction lines up with historical cycles, and BTC could find support in the $88,750 and $91,000 zone. Bitcoin (BTC) long-term holders (LTHs) significantly increased their […]
Jay Clayton, recently appointed interim US Attorney for the Southern District of New York (SDNY) and former chair of the Securities and Exchange Commission, has begun offering statements in criminal cases involving crypto fraud. In an April 23 notice, the US Attorney’s Office said Eugene William Austin, also known as Hugh Austin, had been sentenced […]
Citrea, the ZK rollup designed to enhance Bitcoin’s blockspace capabilities, has launched its Clementine Bridge, marking the first complete BitVM bridge design on the Bitcoin Testnet. This deployment represents an advancement in extending bitcoin’s utility to decentralized finance (DeFi) applications, addressing the longstanding challenge of creating a secure bridge between Bitcoin and secondary layers. The […]
Bitcoin ETFs added another $917 million in inflows, driven largely by Blackrock’s IBIT and continued investor enthusiasm. Meanwhile, ether ETFs slid back into outflow territory with a $23.88 million exit. Bitcoin ETF Boom Continues With $917M Inflows With Ether ETFs Unable to Maintain Momentum Investor appetite for bitcoin ETFs remains insatiable. Just a day after […]
The US Securities and Exchange Commission (SEC) crypto task force, headed by Hester Peirce, has continued meeting with digital asset company representatives as the agency explores regulatory changes. In an April 24 notice, the SEC task force disclosed a meeting with representatives from crypto firm Ondo Finance and the law firm Davis Polk and Wardwell […]
XRP is trading at $2.198 to $2.22 over the last hour, with a total market capitalization of $129 billion, as bullish forces edge the price closer to the key resistance zone. With a 24-hour trading volume of $4.17 billion and an intraday range of $2.13 to $2.25, traders are eyeing a potential continuation of momentum […]
CME Group is set to introduce XRP futures on May 19, pending regulatory approval. The move expands its crypto derivatives offerings, giving traders access to both micro and standard-sized contracts tied to the XRP-Dollar reference rate. XRP Futures to Expand CME Group’s Crypto Derivatives Lineup CME Group has announced the upcoming launch of XRP futures […]
The cryptocurrency was trading sideways as of Thursday morning, while gold continues its ascent as murmurs of $4,000 per ounce begin to get louder. Store of Value Showdown: BTC Maintains $93K as Gold Rallies Bitcoin has remained flat over the past 24 hours, bobbing up and down just above $93K. Meanwhile, gold, which surged to […]
