The United States Federal Reserve announced on Tuesday an enhanced oversight program concerning lenders’ interactions with cryptocurrencies. This decision follows a string of measures from U.S. regulators designed to curtail banks’ direct involvement in cryptocurrencies. In light of this macroeconomic development, what are the best cryptos to buy now?… Read More: Best Crypto to Buy…
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One of the largest pieces of news impacting crypto markets today is that Coinbase has requested the dismissal of a lawsuit filed against them by the United States Securities and Exchange Commission (SEC), according to an announcement made today by Paul Grewal, the company’s Chief Legal Officer. Grewal disseminated the news on X, stating, “Coinbase…
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Mark Yusko, the principal of Morgan Creek Capital Management, a fund management organization with $1.6 billion in its custody, shared some thought-provoking predictions about the future value of Bitcoin today. He sees the most prominent cryptocurrency achieving a value of $300,000 by the end of 2028, raising some eyes in the crypto space today as…
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In a move to combat ongoing inflationary pressures in the U.S. economy, the Federal Reserve announced a 0.25% hike in its key interest rate today, pushing it to a high of 5.5%—a level unseen in 22 years. Despite witnessing a decline in consumer prices for a consecutive 12-month period, June marked a rise with a…
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Prime Minister Fumio Kishida of Japan made a resolute statement today that could be a boon to crypto markets, reiterating the country’s ambition to be at the forefront of Web3 innovation. His remarks coincided with news that leading cryptocurrency exchange Binance plans to launch operations in Japan beginning August 2023. This provides a new on-ramp…
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Bitcoin and the broader cryptocurrency market are experiencing a slump today, adding further pressure to an already tense market sentiment. Despite reaching a 13-month high of almost $31,700 last week, Bitcoin’s momentum has been dwindling since, with its price consistently falling below the 20-day Exponential Moving Average (EMA) this week. The indicator could now be…
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With an unwavering conviction in the potential of cryptocurrencies, Larry Fink, helmsman of BlackRock, the world’s most influential asset management firm, expressed a stronger faith in digital assets as investment tools today. His contention is that cryptocurrencies will “transcend any one currency.” How will this influence the best cryptos to buy now? Fink shared his…
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ApeCoin (APE), the utility and governance token of the APE ecosystem which was built by Yuga Labs to expand the utility of its Bored Ape Yacht Club (BAYC) non-fungible token collection, has been struggling recently. APE/USD has been unable in recent weeks to muster a sustained pushback to the north of its 21-Day Moving Average…
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