In just two weeks since December 2, 2023, the stablecoin asset, first digital USD (FDUSD), has experienced a remarkable expansion, with its supply increasing by 690 million coins. As of December 17, 2023, this surge has propelled FDUSD's market capitalization to a significant $1.61 billion, marking a growth of 74.92%. FDUSD Emerges as Fifth-Largest Fiat-Pegged […]
Shakepay, a Canadian crypto app, has recently announced a data breach that resulted in unauthorized access to personal information belonging to a specific group of its customers. The breach was detected on December 13, 2023, and while it compromised data, it did not impact any bank accounts, crypto wallets, or customer credentials. Shakepay Addresses Data
Crypto App Shakepay Reports Data Breach Affecting a Limited Number of Customers Read More »
Coinbase Takes Legal Action Against SEC The U.S. Securities and Exchange Commission (SEC) has denied Coinbase Global's Petition for Rulemaking, which sought regulatory clarity in the crypto industry. Coinbase filed the petition in July last year, specifically requesting "potential rules to identify which digital assets are securities." After receiving no response from the SEC for
SEC Rejects Coinbase’s Petition for Regulatory Clarity in Crypto Industry Read More »
Goldman Sachs on Spot Bitcoin ETF Hype Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that the "ability to actually transact a
Goldman Sachs: Don’t Expect Immediate BTC Spike After Spot Bitcoin ETF Approvals Read More »
Introduction Treasury Secretary Janet Yellen recently shared her insights on the state of the U.S. economy and the potential risks it faces. In an interview with CNBC, she discussed the progress made in reducing inflation and the need for the Federal Reserve to continue working towards its 2% target. Yellen also expressed her optimism about
Janet Yellen Discusses US Economy, Recession Risk, and Soft Landing Read More »
Howard Lutnick, CEO of Cantor Fitzgerald, Reveals Tether Holdings Howard Lutnick, the CEO of Cantor Fitzgerald, a prominent Wall Street private financial services company, has recently confirmed that his company has been providing services to Tether, the largest stablecoin issuer in the cryptocurrency market. In an interview on CNBC's Money Movers, Lutnick expressed his admiration
Cantor Fitzgerald CEO Confirms Business Relationship with Tether Read More »
Bitcoin's price dynamics as of Dec. 15, 2023, present an intriguing narrative, characterized by a combination of bullish trends and nuanced fluctuations. Following the U.S. Federal Reserve meeting on Wednesday, BTC's price experienced an improvement but has since entered a period of tight consolidation. Bitcoin Price and Market Overview As of Friday, bitcoin (BTC) is
Bitcoin Technical Analysis: BTC’s Consolidation Phase Signals Cautious Market Approach Read More »
Georgetown Professor Urges SEC to Embrace In-Kind Creation Method for Spot Bitcoin ETFs A finance professor at Georgetown University has recently voiced his concerns over the U.S. Securities and Exchange Commission's (SEC) proposed cash-only rule for the creation and redemption of spot bitcoin exchange-traded funds (ETFs). Instead, the professor advocates for the use of the
Ethereum's Market Capitalization and Trade Volume As of Dec. 15, 2023, ethereum's price exhibits intricate dynamics, standing at $2,259. Oscillators and moving averages paint a mixed picture, while the 4-hour and daily charts reveal patterns of consolidation and a short-term downtrend. Ethereum's (ETH) market capitalization stands at $271 billion, accompanied by a 24-hour trade volume
Ethereum Price Analysis: A Complex Market Environment Read More »
Introduction In a recently published prediction report, Bitget, a leading derivatives crypto exchange, has made bold predictions about the future of the Bitcoin ecosystem. According to Bitget researchers, Bitcoin has the potential to reach $100,000 in the next bull market, while the ORDI BRC20 token is expected to climb the ranks. This anticipated growth is
Bitget Predicts a Bright Future for Bitcoin and ORDI BRC20 Token Read More »