Pennsylvania is considering a tough new law to keep crypto out of the hands of its public officials. A Democratic lawmaker, Rep. Ben Waxman, recently proposed a bill that would severely restrict how officials and their families can deal with cryptocurrency. What the Bill Does House Bill 1812 would make it illegal for public officials…
South Korea’s biggest banks are getting serious about stablecoins. They’re in talks with two major players in the stablecoin world: Tether (USDT) and Circle (USDC). Major Banks Eyeing Stablecoin Partnerships According to YonHap news agency, top executives from four huge South Korean financial groups are meeting with Tether and Circle this week. This isn’t just…
Ethereum’s price has been looking strong lately, making investors cautiously optimistic. It briefly touched almost $4,700 last week – close to its record high of $4,878 from 2021 – before dipping slightly to around $4,633. Even with this small drop, it’s still up about 30% in the last month! Exchange Data Shows Reduced Selling Analysts…
Cryptocurrencies rallied significantly after Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts. This sparked a wave of optimism across the market. Ethereum’s Big Jump Ethereum (ETH) led the charge, jumping over $4,700 and showing double-digit gains. This surge pushed it closer to its all-time high from four years ago. After a period…
A massive Bitcoin whale is making headlines by dumping a huge chunk of their BTC while simultaneously buying up Ethereum (ETH). This kind of activity can seriously impact the crypto market, and analysts are closely watching to see how it plays out. Whale Dumps 15,000 BTC, Loads Up on ETH A whale who once held…
Are companies using Bitcoin as a reserve currency making a smart move, or are they taking on unnecessary risk? A recent analysis suggests the latter. The Risks of Bitcoin Treasuries Using cryptocurrencies like Bitcoin and Ethereum in corporate treasury management is a hot topic, but experts are raising serious concerns. While crypto is increasingly used…
Kroll, a big-name financial firm, is in hot water. A class-action lawsuit claims they messed up big time, leading to a flood of phishing emails targeting people who lost money in the FTX collapse. The Lawsuit: Negligence and a Single Point of Failure The lawsuit, filed on behalf of FTX customer Jacob Repko and others,…
Cardano is working on a big idea: a system that automatically handles global compliance rules for finance and digital assets. This is a huge deal as the world gets more connected. Automating Compliance Worldwide Cardano founder, Charles Hoskinson, envisions a future where following regulations is automated. This would make it much easier for everyone –…
Even Bitcoin’s biggest critics are becoming believers, thanks to its recent performance. Allianz, a massive $2.5 trillion asset manager, just declared Bitcoin a credible store of value in a new report. This is a huge shift, considering they advised against crypto investments back in 2019. Let’s dive into why Allianz changed its tune and explore…
A crypto expert is predicting a huge jump in Bitcoin’s price. Leah Wald, CEO of SOL Strategies, believes Bitcoin could hit $175,000 before the end of the year. She calls this a conservative estimate compared to some other, even bolder predictions. Considering Bitcoin recently touched $124,000, a significant price swing isn’t out of the question….
