Bitcoin, the leading cryptocurrency in the market, has once again come under scrutiny from the United States Securities and Exchange Commission (SEC) Chair Gary Gensler. Despite the recent approval of 11 Spot Bitcoin Exchange-Traded Funds (ETFs) by the agency, Gensler has remained critical of Bitcoin and the broader cryptocurrency industry as a whole. In a
The US Treasury Department’s Office of Terrorism & Financial Intelligence (TFI) has raised serious concerns about the use of cryptocurrencies in illicit financial activities. TFI Under Secretary Brian Nelson recently presented a statement to the House Financial Services Committee, expressing the urgent need for enhanced tools and authorities to combat illicit fund movements facilitated by
Ripple, the popular cryptocurrency company, recently made major headlines with its announcement of the acquisition of Standard Custody & Trust Company, a digital asset custodian. This move signifies Ripple’s intention to expand into new sectors beyond its core payments network business. While this development may have a significant impact on the price of XRP, Ripple’s
Bitcoin, the undoubted leader of the cryptocurrency market, has once again captured the spotlight with its recent surge in price, surpassing the highly anticipated $50,000 milestone. This upward price movement, combined with the “extreme greed” reading on the Crypto Fear and Greed Index, suggests a market overflowing with optimism. However, such exuberance also raises concerns
XRP price is currently facing hurdles as it struggles to break through the $0.5350 and $0.5380 resistance levels. Despite trading above $0.520 and the 100 simple moving average (4 hours), the bears have managed to keep the price in check, unlike Bitcoin and Ethereum. However, there is still potential for a fresh rally if XRP
The potential approval of spot Ethereum ETFs has become a topic of great interest among executives in the asset management industry. In a recent panel discussion, representatives from three prominent firms shared their insights on the matter. However, a careful analysis of their statements reveals a lack of consensus and provides little concrete evidence to
In a recent statement, Tuur Demeester, a well-known Bitcoin OG and researcher for Adamant Research, expressed his optimistic outlook for the future of Bitcoin. Demeester predicts that the price of Bitcoin could potentially skyrocket to a range of $200,000 to $600,000 by the year 2026. His forecast is largely based on the massive influx of
In the ever-evolving world of cryptocurrency, security is a paramount concern for investors and users alike. Fordefi, a leading crypto wallet provider, has recently made significant strides in enhancing the security of centralized exchange customers through its innovative approach to custody solutions. With the successful completion of a $10 million funding round, Fordefi aims to
In the volatile world of cryptocurrency, investors are constantly on the lookout for the best opportunities to maximize their returns. With recent market trends and the temporary downturn in major cryptocurrencies, experts are turning their attention to the altcoin sector. By delving into smaller altcoins, investors can potentially find more attractive short-term investment opportunities. In
The Isle of Man has recently launched a public consultation on potential regulations for crypto assets, with the aim of safeguarding investors in the jurisdiction. Recognizing the importance of aligning its laws with global standards, the self-governing British Crown dependency seeks to explore various models to expand its existing framework for regulating virtual assets. This