Crypto industry smashes all lobbying records in 2024, influencing US election
The crypto lobby has made its mark on the US presidential elections.
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S&P Global launches stablecoin ratings, ranks GUSD, USDP, USDC highest
The producer of the S&P 500 assessed eight stablecoins. Tether received the second-lowest rating. S&P Global has launched a stablecoin stability assessment. In its initial ratings of the eight stablecoins, none were given the top mark, but two received the lowest, based on their ability to maintain their fiat pegs.According to a statement, to establish
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Bitcoin centers on $44K as BTC price MACD delivers long-awaited bull signal
Stock headwinds contrast with a lack of short sellers to produce an array of forecasts on where Bitcoin price action may head next. 548 Total views 5 Total shares Bitcoin (BTC) hovered around $44,000 on Feb. 9 as a modest uptick towards the Wall Street open provided relief for support levels. BTC/USD 1-hour candle chart (Bitstamp).…
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Top Shot creator unveils $725M fund to support Flow ecosystem
The new ecosystem fund will be used to support the 7,500 developers on Flow to build new gaming, infrastructure, DeFi, and content creator products on the NFT blockchain. 572 Total views 15 Total shares The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used…
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Major Chilean bank shuts down all branches following ransomware attack
There is a nationwide alert for future ransomware campaigns against Chilean companies. Banco Estado, the only public bank in Chile and one of the three largest in the country, had to shut down its nationwide operations on Monday due to a cyberattack that turned out to be a ransomware launched by REvil.According to a public…
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Don't get excited about Fed 'dovishness' — another rate hike is in the cards
December’s Federal Open Market Committee (FOMC) meeting was a huge boon for markets. Risk assets — including cryptocurrencies — soared as the central bank appeared to take a more dovish stance on monetary policy. But the markets may be in for a nasty surprise in 2024 as the Federal Reserve faces an uphill battle against
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El Salvador mines 474 Bitcoin using geothermal volcanic energy
El Salvador currently holds 5,750 BTC worth $354 million, accumulated over three years.
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‘Bull market distribution has begun’ — 5 things to watch in Bitcoin this week
Bitcoin (BTC) begins a new week with a race towards all-time highs as bulls save the day — and the week — at the last minute.A week of sideways BTC price action came to an end just in time for the weekly close, with Bitcoin bouncing back to $66,000.It is a classic move that has…
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Institutional managers hold a record $57B worth of crypto, according to CoinShares
Inflows into Grayscale products continue to surge, according to CoinShares data. Bitcoin remains the preferred asset for institutional investors. 5155 Total views 22 Total shares Inflows into cryptocurrency investment products topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions. In its weekly inflows report,…