The Federal Reserve Bank of Atlanta has raised warning over risks associated with blockchain and cryptos. Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptos. “Banking organizations and their service providers should have systems to identify, monitor, and control risks,” the statement read. The…
Read more
ARK Invest, the asset management firm and Bitcoin exchange-traded fund (ETF) issuer led by Bitcoin advocate Cathie Wood, has sold a significant amount of Coinbase, Robinhood, and Nvidia stocks. According to Ark Invest Daily’s Feb. 26 reveals, the ARK Innovation ETF (ARKK) sold 35,509 Coinbase (COIN) shares worth $6.89 million based on its closing price…
Read more
Research from Bybit highlights a growing institutional bullishness on Ether, driven by the expected positive impact of the Dencun upgrade on the Ethereum blockchain. Dencun, slated for March 13, will introduce various Ethereum Improvement Proposals (EIPs) including proto-danksharding aimed at reducing Layer-2 transaction costs, per developers. “While the upcoming upgrade will not likely lead to…
Read more
Suzhou, China, has reported that more than 29.16 million residents now have digital yuan wallets, as the nation’s CBDC project continues to gather pace. According to a Weibo post from the Suzhou Radio and Television Station, Suzhou-based individuals and firms transacted a total of over $416,811,390,000 worth of CBDC in 2023. Suzhou: China’s CBDC Success…
Read more
Bitcoin reached a peak of $57,055 on Monday, climbing 10.1% over a 24-hour span and elevating the digital asset’s market value to $1.10 trillion. The value of bitcoin relative to the U.S. dollar hasn’t ascended to these levels since Nov. 22, 2021, marking 12 days after the digital currency’s peak value of $69,000. Monday’s Bitcoin…
Read more
On Sunday, Bitcoin demonstrates resilience with a 1.35% increase, trading at $51,600 on Sunday. This stability comes at a time when the Texas Blockchain Council and Riot Platforms achieve a notable legal victory against US energy regulators, securing a temporary restraining order that underscores the ongoing debate over cryptocurrency mining regulations. Meanwhile, in Nigeria, calls…
Read more
Coinbase recently announced that it would be removing support for native Bitcoin (BTC) payments across its payment platform for merchants, Coinbase Commerce. The company’s head of product, Lauren Dowling, stated on her X account on February 18 that “customers were struggling with operational challenges managing crypto volatility risk, manual burden of resolving incorrect payments (eg:…
Read more
Bitcoin Price Prediction In a year marked by Riot Platforms’ remarkable 19% increase in Bitcoin production and the Securities and Exchange Commission’s (SEC) review of Bitcoin ETF options by Bitwise and Grayscale, Bitcoin’s trading activity reveals a tightly bound range between $50,500 and $52,500. This period of consolidation draws significant attention to Bitcoin price predictions,…
Read more
Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s operations for a duration of five years. Historic $4.3 Billion Binance Settlement Approved by Seattle Judge Binance, the…
Read more
It has been 43 days since the debut of the spot bitcoin exchange-traded funds (ETFs) on the American stock market, and in this time, the nine newly launched bitcoin ETFs have accumulated 287,315 bitcoins, valued at approximately $14.6 billion. Leading the pack is Blackrock’s IBIT, boasting a staggering 126,950.12 bitcoins on its balance sheet. Bitcoin…
Read more
