TL;DR Big investors scooped up over $1.7 billion worth of ETH in the past few days and now control a quarter of the asset’s circulating supply. Many analysts also seem unconcerned by the pullback, predicting that the price of the cryptocurrency may hit a new all-time high of more than $6,000 in the short term….
In a recent open letter to Finance Minister Rachel Reeves, figures from the cryptocurrency industry are calling for the United Kingdom (UK) to develop a national stablecoin strategy, seen as essential for positioning the UK at the forefront of the digital asset landscape. This comes after the US positioned itself to capitalize on the growing…
TL;DR Ripple’s native token has suffered quite a bit following its all-time high last month, but the number of indicators suggesting that the price is about to explode continues to grow. The asset also closed bullish against BTC yesterday, which could be another catalyst for future gains, especially if bitcoin’s dominance continues to decline. XRPUSD….
The US Treasury Secretary has reportedly contacted leading crypto industry players to discuss the potential impact of the stablecoin sector on the demand for US government bonds in the coming years. Treasury Secretary Bets On The Crypto Industry On Wednesday, the Financial Times (FT) reported that the US Treasury Secretary, Scott Bessent, is “betting” on…
Rapper Kanye West, now legally known as Ye, has officially stepped into crypto. On Wednesday, the business mogul launched YZY, a Solana-based meme coin that briefly touched a $3 billion market cap within hours of its debut before rapidly shedding value. The launch, billed by Ye himself as the start of “a new economy, built on…
When you’re uninterested in Wall Avenue analysts, mainstream traders, and main publications recycling the identical 7-10 big-name cryptos because the ‘must-haves’ on your portfolio, possibly it’s time to spice issues up and check out a contemporary strategy – one powered by AI. To place it to the take a look at, we requested ChatGPT for…
In the wake of the recent passage of the GENIUS Act, a new law regulating stablecoins, tensions have emerged between traditional banking associations and cryptocurrency advocacy groups. While the US banking associations representing all fifty states have raised alarms about potential vulnerabilities in the law, two crypto organizations, the Blockchain Association and the Crypto Council,…
Talking on the Wyoming Blockchain Symposium on Wednesday, central financial institution Governor Christopher Waller mentioned, “the cost system is experiencing what I’ve referred to as a ‘technology-driven revolution’.” He added that this consists of on the spot funds, digital wallets, cell cost apps, stablecoins, and different digital belongings, and AI. He particularly cited stablecoins, or…
The founders of the US-based crypto trade Gemini, Tyler and Cameron Winklevoss, just lately donated $21 million price of Bitcoin (188.45 BTC) to the Digital Freedom Fund Political Motion Committee (PAC). The PAC goals to assist President Donald Trump’s imaginative and prescient of constructing America the crypto capital of the world. Push For Bitcoin &…
TL;DR AVAX sees 585% transaction development in 3 months, pushing adoption and consumer exercise to new highs. Over 50 million distinctive wallets present rising AVAX community utilization throughout retail, DeFi, and establishments. Wyoming and Japan stablecoins, Toyota, and SkyBridge construct on AVAX, shifting focus from Ethereum. Transaction Progress Alerts Sturdy Community Utilization Avalanche (AVAX) has…