Bitcoin price hits $80K for the first time — New 'inflation-adjusted' all-time high
Bitcoin is on the road to deliver its best weekly performance since February following Trump’s reelection.
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Libra Will Upset World Economy if It Isn’t Regulated Tightly, G7 Warns
Cryptocurrencies such as Libra risk upsetting the world’s financial system if they are not regulated tightly, G7 finance ministers have warned.According to Reuters, French finance minister Bruno Le Maire told a news conference on July 18 that the G7 “cannot accept private companies issuing their own currencies without democratic control.”His remarks followed informal talks in…
If the glass slipper doesn’t fit, smash it: Unraveling the myth of gender equality in crypto
Crypto’s reputation as a boys’ club does not come as a surprise: It sits at the very intersection of tech and finance, perpetuating the legacy of “bro culture” that is coded into Silicon Valley and Wall Street. It was only in 2020 when Citigroup bank appointed the company’s first female CEO, Jane Fraser. This was…
Kraken exchange defies competitors’ regulatory concerns with SHIB listing
The move comes in contrast to other digital asset exchanges like Robinhood, which have avoided listing altcoins such as SHIB over regulatory concerns. 249 Total views 2 Total shares United States-based digital asset exchange Kraken has announced it will begin supporting the viral meme coin Shiba Inu (SHIB) as of Nov. 30.There will be a…
Trump bans Chinese payment apps, including AliPay and WeChat Pay
The trade war with China homes in on the country's thriving digital payments industry. 3947 Total views 27 Total shares With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps. The Tuesday order bars United States citizens or people located in the U.S. from using nine Chinese…
Bitcoin price retests key $22.8K as metric points to ‘BTC buying spree’
Bitcoin (BTC) returned to base on Aug. 4 as higher levels gave way to a battle for the 200-week moving average (MA).BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBattle for classic Bitcoin price trendline rages Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to repeatedly test the key bear market trendline as support.The day’s Wall…
Robinhood to axe 7% of full-time staff in latest round of layoffs: Report
Roughly 150 full-time employees are being laid off, according to internal company messages. Online brokerage firm Robinhood Markets will reportedly lay off roughly 150 full-time staff — 7% of its total workforce — in its third round of layoffs in just over a year. According to an internal company message seen by The Wall Street Journal,…
Bitcoin is holding $60K — Here’s why it’s important
Resilient US job and inflation data and steady spot Bitcoin ETF inflows aided Bitcoin’s rally above $60,000.
Norway to start digital currency tests after four years of research
The Norwegian central bank aims to find a preferred CBDC solution through new technical tests. 1601 Total views 18 Total shares The Norwegian central bank, Norges Bank, is set to test various technical solutions for a central bank digital currency following years of research.Norges Bank officially announced Friday that it will be conducting CBDC tests…