The European Union has reached a political agreement on new bank-capital legislation that includes regulations for crypto-assets. This decision comes in response to concerns about unbacked cryptocurrencies infiltrating the traditional financial system. The agreement was announced via a tweet from the European Parliament’s…
The current bearish influence in the market shows no signs of subsiding, as the recent minor upswing has left the future price action unclear. Since the start of the 2022 bear market, investors have been plagued by fear, uncertainty, and doubt (FUD). Although…
Riot Platforms, a bitcoin mining company, has invested $162.9 million to purchase 33,280 advanced Bitcoin miners for its Texas data center. The move is in preparation for the upcoming halving event projected for mid-2024. The mining rigs, purchased from MicroBT, will increase Riot’s…
The Goblintown NFT collection is an unconventional and peculiar collection that has gained a following in the NFT scene. The art style of the collection is striking and unique, featuring 10,000 distinct goblins with rare styles and characteristics. Despite their “ugly” appearances, the…
Bloomberg Economics has issued a warning that the Bank of England’s measures to control inflation could result in a recession for the UK. Economists Dan Hanson and Ana Andrade predict a mild yet prolonged downturn as a result of tackling an inflation rate…
Ether (ETH), the second-largest cryptocurrency, is facing a market downturn due to regulatory uncertainty in the United States. The US Securities and Exchange Commission (SEC) is yet to determine whether Ether will be classified as an unregistered security, which could complicate trading. In…
The XRP token in the cryptocurrency market is showing signs of bullish sentiment, with an increase in the number of active XRP addresses preceding previous price jumps. Data from the Santiment platform indicates a spike in network activity for XRP addresses in recent…
Crypto exchange Gemini is allowing customers affected by Voyager’s bankruptcy to transfer their crypto to Gemini and withdraw their funds. However, Gemini only supports certain cryptocurrencies, and any unsupported crypto sent from Voyager to Gemini may be lost and unrecoverable. Transferring tokens over…
The CEO of Circle, Jeremy Allaire, suggests that Bitcoin exchange-traded funds (ETFs) are gaining acceptance among regulators. ETFs are securities that track an index or commodity, such as Bitcoin. The increasing number of ETF filings has positively impacted the crypto market, driving up…
