Analysts expect Bitcoin price recovery after Fed leaves rates unchanged
Bitcoin price shows signs of a recovery, but analysts are uncertain whether the strongest part of the correction has passed.
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Fed’s dovish move will slash $625M in interest income for stablecoins
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.

Ethereum Classic devs announce upcoming hard fork
Ethereum Classic gets a major upgrade in July. Here’s how it will save users on gas fees. 2263 Total views 3 Total shares On Monday, developers of the Ethereum Classic (ETC) blockchain announced a hard fork to implement the project’s latest version, now scheduled for launch in late July.The upgrade, which the community has dubbed…

Bitcoin Lightning Network Capacity Surpasses $2 Mln Despite Bear Market
The capacity of the Bitcoin (BTC) Lightning Network (LN) has surpassed $2 million on Sunday, Dec. 23, according to data provided by BTC statistics website bitcoinvisuals.com.Despite the year-long bear market, combined with the recent market crash dubbed the “crypto winter,” the Bitcoin Lightning network has seen strong growth throughout 2018.As of Dec. 23, node channels…

Bitcoin Price Charges Past $6K as Fed Stimulus Plans Boost Markets
Bitcoin (BTC) abruptly moved higher on March 23, beating $6,000 as global markets reacted to fresh stimulus plans from the United States Federal Reserve.Cryptocurrency market daily overview. Source: Coin360BTC bounces with Wall Street yet to openData from Coin360 and Cointelegraph Markets tracked BTC/USD reaching 24-hour highs of $6,310 on Monday — daily gains of almost…

Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch. The 2022 crypto bank runs — caused by the failure of multiple ecosystem giants — have had a lasting impact on the crypto industry. A new research report from…

Blockchain Used to Trace Deadly Chemical Linked to $289 Mln Monsanto Cancer Lawsuit
Food safety firm ZEGO is using blockchain to test products for residue of a deadly chemical tied to a recent $289 million Monsanto lawsuit, according to a press release published August 16. Earlier this month, Monsanto was fined $289 million in damages after a court ruled in favor of a plaintiff’s claims that the company’s…

VanEck extends fee waiver on Bitcoin ETF
The asset manager is extending its fee waiver until January 2026 for up to $2.5 billion in assets under management.

New York bans CoinEx exchange, seizes $1.7M in crypto assets
CoinEx was shut down for failing to register as a broker-dealer and for "falsely representing itself as a crypto exchange," the NYAG said. Hong Kong-based crypto exchange CoinEx has been banned from operating in New York by Attorney General Letitia James. According to an announcement on June 15, over $1.7 million worth of the exchange's…