Crypto in ‘extreme fear’ as Arthur Hayes tips ‘sub $50K’ Bitcoin weekend
Crypto market sentiment dropped back into “extreme fear” amid Bitcoin’s price slump, with Arthur Hayes calling that it could drop again.
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“Policy unpredictability” and “adoption of Bitcoin as legal tender” are part of the reasons why the country received a downgrade from Fitch. 202 Total views 17 Total shares El Salvador faces another whipping from a traditional finance firm for its "forbidden" love for Bitcoin (BTC). American credit rating agency Fitch Ratings lowered El Salvador’s long-term Issuer Default…
Pension funds are getting in on Bitcoin, according to Grayscale
In fact, CEO Michael Sonnenshein says they're fueling Grayscale’s massive growth. 1229 Total views 5 Total shares Grayscale’s newly-appointed CEO Michael Sonnenshein told Bloomberg Thursday that pension funds and endowments are investing actively into the Grayscale family of funds. He explained:“We’ve started to see participation not just from the hedge fund segment, which we’ve long…
Polygon eyes record high as MATIC’s 150% price rally activates textbook bullish pattern
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Ripple and Nelnet launch $44M fund for carbon-negative crypto industry
Ripple has contributed the majority of a $44-million fund to support solar energy projects across the United States. 627 Total views 15 Total shares Blockchain payments firm Ripple has announced a $44-million environmental, social and governance (ESG) joint venture partnership with fintech provider Nelnet Renewable Energy to fund the adoption of environmentally conscious solar energy…
Payment giants drive crypto adoption by engaging with startups
Financial services giants Visa and Mastercard have shown an increased interest in the trillion-dollar digital payment sector through their recent acquisitions of innovative fintechs. In January this year, Visa acquired fintech firm Plaid for $5.3 billion. The San Francisco-based firm enables data sharing of financial information between different fintech apps like Venmo and Chime, supporting over…
CFTC commissioner appoints crypto-experienced CME Group director as chief counsel
During his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products, including BTC and ETH derivatives. 292 Total views 6 Total shares Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME…
Japan: Internal Affairs Minister Denies Involvement in Crypto-Related Gov’t Investigation
Japan’s Internal affairs minister Seiko Noda has denied her involvement in a government investigation into the operation of a non-registered cryptocurrency exchange, local news outlet the Asahi Shimbun reported July 19. In January, the Financial Services Agency (FSA) reportedly suspected a Tokyo-based company of violating the law by operating a non-registered cryptocurrency exchange. The FSA…
Crypto-friendly US lawmaker Patrick McHenry won’t seek reelection in 2024
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