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Daily crypto round-up: Trending tokens, Bitcoin stability, and market insights
17.7.2024
The cryptocurrency market is constantly moving, attracting many investors’ attention. Today, we explore Bitcoin’s uptick in price, significant market changes driving behaviors, and cryptocurrencies that are topping the charts. This is your daily crypto news round-up, which you...
Longest Yield Curve Inversion in US History Continues Past 2-Year Mark
8.7.2024
The 10-2 Year Treasury Yield Spread (I:102YTYS) has been inverted since July 7, 2022, marking the longest period of inversion in U.S. history at over two years, surpassing the previous record of 624 days set in 1978. An inverted yield curve occurs when short-term bonds yield more than their...
BlockDAG’s $54.9M initial offering rises as a beacon of stability as Litecoin wanes and Uniswap rallies
2.7.2024
Significant movements were seen in the cryptocurrency space this past week. Litecoin (LTC) dropped from its recent peak of $68.40 in value relative to the US dollar. On the other hand, Uniswap (UNI) exhibited a robust performance, instilling investor confidence. Amid these varying market trends...
Steady Above $60K: Bitcoin Weathers Government Sell-Offs, Says QCP Capital
27.6.2024
Despite a brief dip below $60,000 on June 23, bitcoin has demonstrated formidable resilience by closing above this pivotal level for 118 days in 2024. According to QCP Capital, the cryptocurrency continues to hold strong against various market pressures, including substantial governmental...
Korean Researcher Says Benefits of Spot Crypto ETFs Are Outweighed by Potential Harm
25.6.2024
A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot...
South Korean think tank cautions against crypto ETFs
24.6.2024
South Korean researcher Bo-mi Lee highlights crypto volatility and risks, calling for more research and regulatory measures
Which cryptocurrency to invest in June 2024: BlockDAG presale hits $52.2M, XRP prices remain undervalued, & Cosmos faces outage
20.6.2024
Despite Ripple (XRP) achieving regulatory clearance, it still trades under $0.5, leaving its advocates disheartened. Cosmos encountered a significant setback with a nearly four-hour downtime during its v17 upgrade, showcasing some vulnerabilities. Conversely, BlockDAG is pioneering new frontiers...
Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage
18.6.2024
The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The...
Bitcoin’s New Normal: Prices Over Five-Digits for 28% of Its Lifetime
17.6.2024
Over the past week, bitcoin has declined by 4% against the U.S. dollar from June 9 to June 16, 2024, yet it has surged over 152% in the past year. This year, bitcoin has maintained a position above the $60,000 mark for a record-setting 107 days so far. Bitcoin’s Resilient Streak: Maintaining...
Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
17.6.2024
The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies
Ethereum’s Pectra upgrade: Key risks identified in Report
16.6.2024
According to a new report by Liquid Collective and Obol, Ethereum’s Pectra upgrade in 2025 poses significant risks, including concerns over client, operator, and cloud diversity
Utah Senator Seeks to Abolish Federal Reserve
14.6.2024
Republican Senator Mike Lee from Utah has introduced legislation to abolish the U.S. central bank and its Board of Governors. Lee contends that the U.S. Federal Reserve has “repeatedly failed” the American public and argues for its dissolution. Federal Reserve Targeted for Abolition by Senator Mike...
Injective platform integrates PYUSD, marking a milestone in blockchain stability
13.6.2024
Injective, one of the well-known blockchain platforms for first-tier solutions, recently made a strategic move and integrated PYUSD. This means that Injective is among the first L1 platforms to add support for this stablecoin. This signifies a significant improvement in Injective and a declaration...
Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses
13.6.2024
The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over...
Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus
12.6.2024
Two experts have explained that the global debate on the future of dollar dominance misses the point because it doesn’t focus on how the dollar’s future will evolve. They warned: “If the U.S. doesn’t keep its house in better order, dollar dominance will be the least of our worries.”...
Market dynamics show a complicated stability-speculation relationship
11.6.2024
Bitcoin’s realized capital increased massively in 2024. The tendency reflects a shift in behavior and market conditions. The first half of the year has shown notable trends in both short-term and long-term holder activities. Every active supply age band is represented in the BTC realized cap HODL...
Solana Launches Mainnet Beta v1.18.15 Upgrade to Address Network Stability
11.6.2024
Solana has recommended validators in the network upgrade to the latest Mainnet Beta 1.18.15, which includes several fixes to address network performance and stability. The release includes a central scheduler functionality that can be turned on optionally, focused on solving performance issues...
Crypto enthusiasts warn against naira trade ban on exchanges
8.6.2024
Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the government turned its focus to platforms providing cryptocurrency services
US Treasury: AI brings huge opportunities, risks to financial stability
6.6.2024
Secretary of the Treasury Janet Yellen says AI will only become more important in the years to come
Rwanda Develops CBDC to Avoid Falling Behind, Central Bank Deputy Governor Says
4.6.2024
Rwanda is contemplating launching a Central Bank Digital Currency (CBDC) because it does not want to be left behind and to prevent any hindrances to trade between the African country and its major trading partners. According to a deputy governor with the National Bank of Rwanda, the country should...