House Financial Services Committee Chairman Patrick McHenry has announced that new legislation, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, is on track for a potential House floor vote by the end of May. This legislation aims to address the regulatory uncertainties surrounding the digital asset market, providing clear frameworks
The International Monetary Fund (IMF) has recently released a consultation report recommending that Nigeria should regulate the use of digital assets by licensing international crypto exchanges. This move is aimed at enhancing economic stability in the country while also improving its standing within the African crypto sector. The IMF advises strict adherence to regulatory standards,
As the crypto market experiences a sharp pullback due to recent US economic data causing fears of stagflation, traders are on the lookout for altcoins showing strong bullish momentum that could potentially be the best crypto assets to buy now. With Bitcoin (BTC) dipping back to the low $61,000 range from previous highs near $64,000,
One influential trader, known as Bluntz Capital, has recently made a bold prediction regarding the Solana meme coin DogWifHat ($WIF). Bluntz believes that the current price of $3.17 is unsustainable, and that the cryptocurrency could potentially crash all the way down to just one dollar. This prediction has raised concerns among investors and followers of
After rallying nearly 15% and surpassing the $6.50 resistance level, TON coin is displaying signs of trend exhaustion. There is a possibility of correction in the near future as the price action might start to lose momentum. The recent surge in TON price saw it breaking through key resistance levels at $6.20 and $6.50. Currently,
Former President Donald Trump has surprised many by voicing strong support for Bitcoin and cryptocurrencies, marking a significant departure from his previous skepticism. In a recent video that has been circulating among crypto enthusiasts and investors, Trump’s pro-crypto comments have sparked speculation about the potential implications for Bitcoin and other digital currencies as the US
In a surprising turn of events, crypto lender BlockFi has recently announced its plans to close its web platform this month. However, it has also introduced a partnership with Coinbase to facilitate the distribution of funds to its clients. This move comes after BlockFi filed for bankruptcy back in November 2022 following the collapse of
The meme coin market has witnessed incredible volatility in recent times, with the price of Apple-themed token skyrocketing by an astonishing 76,928% overnight. This surge was attributed to Apple’s new product launches, particularly the latest iPad model. The meme coin, known as APPLE, gained significant attention following the viral launch of the new product, despite
The European Securities and Markets Authority (ESMA) is currently undergoing a review of the rules surrounding crypto asset investments by UCITS (Undertakings for Collective Investment in Transferable Securities) as part of a larger assessment of the EU’s financial regulatory framework. The European Commission (EC) has requested this review to ensure that UCITS rules remain relevant
Recently, there have been allegations against Binance regarding market manipulation by DWF Labs, a major market on the trading platform. The Wall Street Journal (WSJ) reported that an employee who uncovered evidence of pump-and-dump schemes and wash trading by “VIP” clients, including DWF Labs, was dismissed by Binance. The investigators recommended removing DWF Labs from