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US Inflation Remains Higher Than Expected, Raising Concerns Among Investors
14.2.2023
U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty...
Biggest Movers: SOL Rebounds, TRX up for Fifth Straight Session
14.2.2023
Solana was one of Tuesday’s notable movers, as the token rebounded from losses to start the week. The move comes despite U.S. inflation figures missing expectations. Consumer prices came in at 6.4%, higher than the 6.2% many had forecasted. Tron rose for a fifth consecutive session...
Bakkt sunsets its consumer-facing crypto app to focus on B2B solutions
13.2.2023
The app is expected to cease operations on March 16, 2023
BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert
13.2.2023
Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees...
Bakkt Shifts Focus to B2B Technology Solutions, Plans to Discontinue Consumer App
13.2.2023
Bakkt Holdings Inc. announced Monday that it will solely focus on business-to-business technology solutions and discontinue its consumer application. The company stated that the app will officially be discontinued on March 16, 2023, and app users will continue to have access to all of their assets....
Crypto Custody Service Bakkt Discontinues Consumer App as Regulator Crackdown Intensifies
13.2.2023
Bakkt, a crypto custody service that includes an app where consumers can view and transact with assets, has announced the closure of its consumer-facing app as regulatory scrutiny increases.
In a Monday press release, the digital asset company said it is shutting its consumer-facing app to focus...
Biggest Movers: MATIC Drops by 10%, ATOM Hits 2-Week Low
13.2.2023
Polygon fell by over 10% on Feb. 13, as a red wave swept through cryptocurrency markets during Monday’s session. Volatility was high ahead of Tuesday’s U.S. consumer price index release, and with the depegging of BUSD. Cosmos also traded lower to start the week, hitting a 14-day low....
Crypto Custody Service Bakkt Discontinues Consumer App as Regular Crackdown Intensifies
13.2.2023
Bakkt, a crypto custody service that includes an app where consumers can view and transact with assets, has announced the closure of its consumer-facing app as regulatory scrutiny increases.
In a Monday press release, the digital asset company said it is shutting its consumer-facing app to focus...
Digital Asset Platform Bakkt to Discontinue Consumer App After Two Years
13.2.2023
App users will be able to manage their assets over the web after March 16
Consumer Federation of California reattempts to regulate crypto companies
12.2.2023
Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation
IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed
12.2.2023
According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial...
Australian Government Says It Is Working to Ensure ‘Regulation of Crypto Assets Protects Consumers’
5.2.2023
The Australian government has said it will take steps to ensure the “regulation of crypto assets protects consumers” and one of these steps will be the reforming of “the licensing and custody of crypto assets.” The Anthony Norman Albanese-led government also said it...
Australia bolsters crypto watchdogs in ''multi-stage' plan to fight scams
3.2.2023
The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022
Biggest Movers: DOGE Hits 8-Week High as Meme Coins Rally on Tuesday
31.1.2023
Dogecoin climbed to an eight-week high on Jan. 31, as prices broke out of a key resistance level on Tuesday. The meme coin surged ahead following the release of the latest consumer confidence report in the United States. Shiba inu also moved higher, rebounding from losses to start the week....
Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower, Ahead of Key Week of US Economic Data
31.1.2023
Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today...
Bitcoin, Ethereum Technical Analysis: BTC Hovers Near $23,000 to Start the Weekend
28.1.2023
Bitcoin started the weekend hovering near $23,000, as markets continued to react to personal consumption data in the United States. Figures released on Friday reported that spending fell by 0.2% last month, despite overall consumer sentiment moving higher. Ethereum remained close to $1,600 to start...
Biggest Movers: MATIC Nears 3-Month High, as LINK Extends Recent Gains
27.1.2023
Polygon rose to its highest level since early November on Friday, as markets reacted to the latest U.S. consumer sentiment data. Sentiment rose to 64.9 in January, up from a reading of 59.7 in December. Chainlink also surged in today’s session, hitting its strongest point in nearly two months....
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Consumer Sentiment Data
27.1.2023
Bitcoin consolidated on Friday, as traders prepared for the release of the upcoming consumer sentiment figures from the United States. Following a move to a five-month high on Thursday, prices were once again below $23,000. Ethereum also slipped, moving below $1,600 in the process. Bitcoin Bitcoin...
New South African Code Says Crypto Asset Ads Must Include Capital Loss Warning
25.1.2023
Crypto asset service providers in South Africa seeking to attract investors via advertisements must “expressly and clearly state that investing in crypto assets may result in the loss of capital.” Influencers working on behalf of crypto asset service providers must “not offer...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US GDP, Consumer Sentiment Data
24.1.2023
Cryptocurrencies continued to consolidate recent gains on Jan. 24, as markets prepared for a big week of U.S. economic data. Gross domestic product (GDP) figures for Q4 2022 will be released on Thursday, followed by consumer sentiment data the day after. Ethereum also secured recent gains...