Taiwan establishes association to help crypto firms self regulate

On Thursday, U.S. Federal Reserve chairman Jerome Powell is expected to deliver an important speech that will highlight a new strategy of targeting “average inflation.” This means that the Fed might allow inflation to overshoot the 2% target temporarily if it has spent a long time below that level.If the Fed adopts this new strategy,…

Bitcoin (BTC) has rallied nearly 60% to around $27,000 in 2023 amid anticipations that the Federal Reserve would pause its quantitative tightening amid the U.S. banking crisis. Still, BTC price has failed to move beyond $30,000 decisively.Buying exhaustion at this key psychological level led to a price correction toward $25,000 over the past week. Interestingly, the decline…

FTX Trading, doing business as FTX.com, was one of roughly 130 companies under FTX Group that filed for bankruptcy following the firm's reported liquidity crunch in November. 129 Total views 1 Total shares Own this piece of history Collect this article as an NFTJohn Ray, who took over as CEO of cryptocurrency exchange FTX prior…

Kingdom Trust, a regulated custodian managing over $13 billion in assets, wants to tokenize the more than 20,000 assets that it currently custodies. 1521 Total views 51 Total shares Kingdom Trust, a South Dakota-based custodian managing more than $13 billion assets, is closely eying the tokenization sector.Speaking to Cointelegraph, Kingdom Trust chief executive, Ryan Radloff,…

Internet Computer (ICP) rose to spotlight among day-traders after rising 41.69% on Sunday.The ICP/USD exchange rate closed the session at $42.98 after correcting lower from its intraday high of $45.01. At its quarter-to-date low, the pair was trading at $28.31. Meanwhile, on Monday, it surged to a new intraday high of $47.63. Therefore, its latest…

The South Korean Presidential Committee on the Fourth Industrial Revolution (PCFIR) has recommended the government to allow financial institutions to launch cryptocurrency-based financial products.Local English-language news outlet BusinessKorea reported on Jan. 6 that the committee recommended products such as Bitcoin (BTC) derivatives to be allowed as part of a strategy for the institutionalization of cryptocurrencies.Crypto…

The beginning of 2023 raised hopes that the blockchain industry was on the path toward recovery, but weaker-than-hoped financial performance and a bout of negative news in February have cast doubts on this outlook. However, these headwinds do not affect all sectors of the industry uniformly. Nonfungible tokens (NFTs) and security tokens have managed to…

Harvest Finance is actively tackling the apparent $24 million attack. 1228 Total views 16 Total shares Harvest Finance, a major decentralized finance protocol, has seemingly issued a $100,000 bounty in the aftermath of a $24 millon attack targeting its liquidity pools.In an Oct. 26 tweet, Harvest Finance said that there is enough data so far…

Bitcoin (BTC) price maintained the $30,000 support as lower-than-expected U.S. Consumer Price Index (CPI) data released on April 12. The official inflation rate for March increased 5% year on year, which was slightly less than the 5.1% consensus. It was the lowest reading since May 2021, but is still significantly higher than the Federal Reserve's…