The Federal Reserve Board has taken a significant step towards regulatory oversight of rapidly advancing technologies within the banking sector with the creation of the Novel Activities Supervision Program. This program aims to oversee complex partnerships with non-banks, crypto-asset-related activities, distributed ledger technology, and concentrated provision of banking services to crypto-asset-related entities and fintechs. By
In recent years, the cryptocurrency market has experienced significant growth and adoption. However, the volatility of digital assets also presents high risks and rewards for traders. To mitigate these risks and make informed decisions, AI-driven crypto signals platforms like yPredict have emerged. With the goal of providing data-driven insights, yPredict aims to bridge the knowledge
In a recent announcement, cryptocurrency exchange Huobi revealed its plans to list PayPal’s newly launched PYUSD stablecoin. Huobi aims to be the first exchange to support the launch of PYUSD and has promised to provide PYUSD/USDT trading pairs with a zero trading fee permanently. While Huobi did not specify a timeline for the listing, it
Cardano (ADA) has been experiencing a price movement that raises concerns among investors. The cryptocurrency is showing signs of entering a breakdown stage of a classic technical pattern called a bump and run reversal (BARR). This pattern occurs when excessive speculation drives the price of a cryptocurrency higher rapidly, eventually leading to a “bull trap”
Valkyrie has recently made a bold move by applying to the US Securities and Exchange Commission (SEC) to incorporate Ethereum (ETH) futures contracts into its Valkyrie Bitcoin Strategy ETF (BTF). This decision sets Valkyrie apart from other market players who have solely applied to launch their own dedicated Ethereum Exchange-Traded Funds (ETFs). By including exposure
Coinbase, one of the leading cryptocurrency exchanges, is set to revolutionize the Ethereum network with the launch of “Base.” Created on the Optimism framework, Base is a layer-two (L2) Ethereum chain designed to tackle the blockchain trilemma that revolves around scalability, security, and decentralization. As a layer-two solution, Base aims to improve transaction speeds and
Cryptocurrency asset flows for the week ending Aug. 4 indicated a downward trend, with $107 million in outflows, adding to a three-week negative streak totaling $134.8 million. The majority of the movement was attributed to Bitcoin (BTC), which accounted for $111 million in outflows. CoinShares’ “Digital Asset Fund Flows” weekly report suggests that the current
PayPal’s recent launch of PYUSD, an Ethereum-based stablecoin, has generated mixed reactions within the crypto community. While some view it as a significant step towards mainstream adoption for Ethereum, others express concerns about the potential implications for decentralization and personal control of assets. PYUSD, also known as PayPal USD, was introduced on August 7 and
Cryptocurrency exchange Kraken has recently announced that it will be listing two Reddit cryptocurrency tokens, namely MOONS and BRICKS, on its platform. As of August 7th, users can now trade these tokens on both Kraken and Kraken Pro, across spot and futures markets, as well as through USD and EUR trading pairs. In addition to
Gala Games recently made an announcement about its plan to transition unsold and reserve NFT game items from the Ethereum network to its newly developed proprietary blockchain, GalaChain. This transition is expected to bring several advantages to gamers, including the ability to interact with their NFTs without having to pay Ethereum’s gas fees. Moreover, this
In a recent ruling in China’s Jiangsu province, Mr. Xu, a lender, found himself at a disadvantage when the court declared that his 341 Bitcoin loan to Mr. Lin was not protected by law. The loan was made through a peer-to-peer agreement using Bitcoin, as Mr. Xu lacked fiat funds at the time. However, when
The summer period has been marked by lackluster trading activity in the digital asset market. Investment products in the cryptocurrency space have seen outflows amounting to $107 million. This trend is indicative of profit-taking among investors, with weekly trading volumes in these products 36% lower than the year-to-date average. The decline in trading activity extends
The world of meme coins is constantly evolving, with new projects emerging and gaining traction among retail investors. One such project that has caught the attention of the crypto community is Wall Street Memes (WSM). Backed by influential YouTube influencers like Joe Parys and Michael Wrubel, WSM has quickly gained popularity and raised over $22
Ripple, the widely-known cryptocurrency platform, has recently made a groundbreaking decision by becoming a member of the prestigious International Swaps and Derivatives Association (ISDA). This move aims to position Ripple as a key player in the derivatives market, which has a staggering valuation of $1.2 quadrillion. By joining the ranks of industry giants like J.P.