Bitcoin breaches $30,000 in the face of the SEC’s harsh treatment of the crypto sector. Could this be the start of a rally to $45,000? Bitcoin defies the odds Bitcoin is unstoppable. It’s a rocket ship; a turbo-charged dynamo; an asset that can save anyone who has the nouse to climb onboard. The SEC and […]
Fed sees stablecoin as form of money, wants ‘robust’ role in its oversight, Powell says
The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Services Committee’s semi-annual Fed policy hearing. The United States Federal Reserve Board sees payment stablecoins as a form of money, Chair Jerome Powell said during questioning at the House of Representatives Financial Services Committee’s semi-annual hearing on Fed policy on […]
Crypto payment solution Ramp expands on-ramp service, adds support for 40 fiat currencies
Ramp expands its platform compatibility with 40 new currencies, including the Bermudian dollar, Costa Rican colón, Hungarian forint, Mexican peso, Singapore dollar and Swiss franc. Ramp, a financial technology company specializing in crypto infrastructure, has announced a significant expansion of its platform’s compatibility, adding 40 new fiat currencies. According to a June 21 announcement, the […]
3 reasons why Ethereum’s market cap dominance is on the rise
Bitcoin dominance is rising, but so is Ethereum’s share of market dominance among its altcoin competitors. Cointelegraph explains why. Ethereum has been the dominant smart contract and decentralized application (Dapp) network since its inception. An analysis based on Ether’s price (ETH), and its market capitalization, shows indisputable evidence that the blockchain has been gaining market […]
US lawmakers propose bills to hold bank execs accountable for failures and address risks
Maxine Waters did not specifically mention crypto in the proposed legislation, drafted in response to the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank. Democrats with the United States House Financial Services Committee have introduced several bills in what they described as the “first wave” of legislation aimed at addressing failures at […]
Three Arrows Capital founders launch new VC fund
“3AC Ventures is focused on superior risk-adjusted returns without leverage,” the firm wrote. On June 21, OPNX exchange, a platform for trading claims against bankrupt crypto entities, announced a new ecosystem partner dubbed “3AC Ventures.” According to developers, “the partnership will invest in projects building in the OPNX ecosystem and working towards a decentralized future.” […]
Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’
Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting inflation back down […]
Mysterious whale ‘0xd275e’ linked to FTX collapse, Tether depeg, and recent $75M token transfers
Recent on-chain activity involving the Ethereum address ‘0xd275e‘ has caught the attention of the crypto community. Through CryptoSlate‘s on-chain analysis, no concrete evidence pointing to the owner of the account has been discovered. However, the account has actively traded large amounts of tokens during key industry events. The whale account has been identified during on-chain […]
Bitcoin Price Regains $30,000: Will BTC Price Maintain its Dependency on the Big Players to Trigger a Bull Run?
The post Bitcoin Price Regains $30,000: Will BTC Price Maintain its Dependency on the Big Players to Trigger a Bull Run? appeared first on Coinpedia Fintech News The Bitcoin price has been manifesting a massive upswing for the past few days and currently has triggered a beast mode to reach beyond $30,000. The reason is […]
CleanSpark buys two Bitcoin mining campuses for $9.3M
Bitcoin miner CleanSpark entered into a definitive agreement to purchase two turnkey mining campuses in the U.S. state of Georgia. Crypto mining firm CleanSpark is moving forward with its aggressive infrastructure expansion in the United States by acquiring two Bitcoin (BTC) mining facilities in a $9.3 million cash deal. According to a June 21 announcement, […]