U.S. regulator’s GENIUS proposal raises concerns about the stability of the crypto sector’s stablecoin model
New Stablecoin Rules Could Impact Cryptocurrency Industry The stablecoin sector within the cryptocurrency industry, notably the partnership between Circle and Coinbase, may face significant challenges due to a set of proposed regulations from the U.S. Office of the Comptroller of the Currency (OCC). During his testimony before the U.S. Senate, OCC Director Jonathan Gould highlighted […]
Bitcoin and Ethereum Traders Remain Hopeful Even Amid ‘Extreme Fear’ in Crypto
Simply put Prediction markets are boosting the chances that Bitcoin and Ethereum prices may rise, even if the overall mood remains negative. This week’s price increase aside, the Crypto Fear & Greed Index indicates the market is still experiencing “extreme fear.” Short-term traders are feeling positive, but there’s no expectation for Bitcoin or Ethereum to […]
The Two Main Adversaries of 2022’s Crypto Collapse Are Attempting to Change the Narrative
The cryptocurrency hype that surged in 2021 came crashing down in 2022, largely due to two major failures. In May, the algorithmic stablecoin UST from Terraform Labs lost its $1 value, causing hyperinflation of its cryptocurrency collateral. This event resulted in an estimated $40 billion loss in the cryptocurrency market. The fallout contributed to the […]
Bitcoin Miner Connected to Trump Family Struggles Amid Crypto Downturn
American Bitcoin Struggles Amid Crypto Downturn American Bitcoin Inc., a crypto mining company backed by the Trump family, is facing significant challenges as the industry grapples with a severe downturn. After a promising entry into the Nasdaq, the Miami-based company reported a fourth-quarter loss of $59 million, reflecting a dramatic decline in its market value—nearly […]
Crypto Rally Update: Expert Shares Potential Heights for Bitcoin, Ethereum, and XRP Prices
The cryptocurrency market seems to be gaining strength, though veteran trader Gareth Soloway is cautious about declaring a full bull market just yet. He believes there could be room for a short-term rally, noting that the charts are indicating bullish patterns. He mentioned, “The chart is unbiased. If it shows a bullish pattern, I go […]
These stocks related to bitcoin are outperforming BTC: Crypto Daybook Americas
Traders looking for solid returns might want to keep an eye on US-listed Bitcoin mining stocks. Interestingly, some companies in this sector have managed to grow quickly by reducing their dependence on the unpredictable cryptocurrency price swings. For instance, Terrawolf (WULF) shares have soared by 31% this month, despite Bitcoin’s price dropping nearly 17%. Similarly, […]
Today’s Crypto Market: Bitcoin and Ethereum Rise Following Jane Street Lawsuit
After facing significant pressure, the crypto market is showing signs of recovery today. The overall market cap has climbed to $2.27 trillion, seeing a nearly 3% increase in just 24 hours. Bitcoin’s value has risen over 3% and is trading at around $66,200, while Ethereum has jumped nearly 5%, currently near $1,935. XRP is moving […]
New England states focus on crypto ATM operator for suspected scams
New England States Take Action Against Cryptocurrency ATM Operators BOSTON — In response to a rise in fraud cases linked to virtual currency ATMs, several New England states are now striving to regulate these operators, as victims across the United States face losses amounting to hundreds of millions of dollars. Massachusetts has initiated a lawsuit […]
Crypto shares rise following unexpected acquisition
Consolidation in West Texas Bitcoin Mining There’s a movement of consolidation happening in West Texas, focusing on ownership changes within one of the area’s most active Bitcoin mining enterprises. Canaan Inc., which is based in Singapore and known for manufacturing Bitcoin mining hardware as well as operating crypto infrastructure, has acquired a 49% interest in […]
Bitcoin Approaches its Most Difficult Month Since the Crypto Crash of June 2022
Bitcoin’s Recent Decline Signals Troubling Trends Bitcoin saw a significant drop on Tuesday, pushing the cryptocurrency market toward its largest monthly decline since 2022, a year marked by numerous corporate bankruptcies. The original cryptocurrency fell by as much as 3.1%, landing around $62,557 before stabilizing near $63,500 at 9:50 a.m. in New York. Currently, it […]