Senate confirms pro-crypto Scott Bessent as US Treasury Secretary

Bitcoin’s (BTC) relief rally rose above $38,500 on Jan. 29, but the bulls are struggling to sustain the higher levels. For the past few days, Bitcoin’s sentiment has closely followed the U.S. equity markets. Hence, analysts warned traders to be careful and not to read much into any possible weekend rallies when traditional markets are…

Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress NFT Group. 405 Total views 2 Total shares The payments subsidiary of crypto custodian Prime Trust, Banq, filed for bankruptcy protection in the United States on June 13, court documents show.The move comes just days after wallet infrastructure provider and digital…

One of the main themes to be discussed at the G-20 Financial Ministers and Central Governors Meeting this weekend has to do with money laundering and cryptocurrency. What kind of agreement would be a surprise? Even for the purpose of introducing Anti-Money Laundering (AML), should we allow our financial privacy to be compromised? Alexander Zaidelson,…

PayPal customers with verified identities will soon have access to crypto trading. However, crypto transactions for PayPal business accounts aren't yet supported. 614 Total views 81 Total shares Beginning this week, residents of the United Kingdom will be able to buy, hold and sell cryptocurrencies through PayPal for the first time — marking a significant…

Exchange reserves hit an 18-month bottom while miners keep selling despite lower revenues after the halving. 3316 Total views 37 Total shares Bitcoin (BTC) is failing to retake $10,000 due to a fresh wave of miner selling, fresh data suggests ten days after the halving.Compiled by monitoring resource CryptoQuant, the figures show that over the…

Symbol from NEM makes blockchain solution to solve wine tampering and counterfeiting problems to save millions for the wine industry. 717 Total views 52 Total shares Tampering, theft and counterfeiting have caused the wine industry millions of dollars in lost revenue. Symbol, an enterprise-friendly blockchain project from the NEM ecosystem is now providing blockchain technology…

The message-system processes over five billion transactions a year and seeks to maintain its relevance by integrating disruptive technologies to its business. 376 Total views 5 Total shares The Society for Worldwide Interbank Financial Telecommunication (SWIFT) disclosed on Tuesday a partnership with fintech company Symbiont to provide more accurate data for financial firms through blockchain technology. Vanguard,…

The newly discovered features have the potential to drastically alter the behavior of current AI algorithms and provide developers with a deeper understanding of neural networks.