The US government is getting serious about stablecoins. A recent report from the Financial Services Oversight Council (FSOC) highlights significant risks these digital currencies pose to the financial system. Why the Worry About Stablecoins? Stablecoins, designed to maintain a steady price, aren’t as risk-free as they seem. The FSOC report points to a lack of…
Dogecoin is on the rise, approaching the $0.4484 resistance level. This steady climb shows buyers are in charge, pushing DOGE towards new highs. Will this continue, or is it just a temporary surge? Strong Bullish Signals The 4-hour chart shows DOGE trading above its 100-day Simple Moving Average (SMA). This is a good sign, suggesting…
Bitcoin’s recent price surge above $100,000 is breathing new life into the crypto lending world, especially in the decentralized finance (DeFi) space. This renewed interest suggests a potential revival for this crucial part of the crypto market. Bitcoin’s Funding Frenzy Bloomberg data shows a massive jump in Bitcoin’s funding rate – the extra cost traders…
Two lesser-known cryptocurrencies, Across (ACX) and Orca (ORCA), saw massive price jumps after being listed on Binance, the world’s leading cryptocurrency exchange. A Huge Price Surge The listing on Friday, July 28th, sent both tokens skyrocketing. ACX climbed nearly 88%, while ORCA jumped almost 80%. According to CoinGecko, these were the biggest gains among the…
South Africa has officially shot down rumors of a new BRICS currency aimed at challenging the US dollar. The country’s Department of International Relations and Cooperation (DIRCO) stated clearly that such reports are inaccurate. No New BRICS Currency, Just National Currencies DIRCO clarified that BRICS discussions focus on using member nations’ own currencies for trade,…
Coinbase’s digging into government records is uncovering a pattern of the FDIC asking banks to halt crypto services. This isn’t just speculation, according to Coinbase’s chief legal officer, Paul Grewal. More Than Just a Conspiracy? Grewal, posting on X (formerly Twitter), says newly released documents confirm what many in the crypto industry suspected: a coordinated…
Donald Trump announced that David Sacks, a prominent Silicon Valley investor, will be his advisor on artificial intelligence (AI) and cryptocurrency. This new role will see Sacks shaping administration policy in these two key areas. Sacks’s Role and Focus Trump highlighted the importance of AI and crypto for America’s future competitiveness. He stated that Sacks’s…
Dogecoin’s future price is sparking a lot of debate among crypto analysts. Several experts believe a significant price increase is possible, even predicting a massive surge. A Potential 60% Surge Bluntz Capital, a crypto analyst, predicts a “violent” 60% jump in Dogecoin’s price against Bitcoin. This prediction is based on Dogecoin breaking out of its…
The ongoing rivalry between Elon Musk and Sam Altman, two big names in tech, recently flared up again on X (formerly Twitter). This time, it was all about a congratulatory tweet. Altman Congratulates Sacks, Musk Responds with Laughter Sam Altman, CEO of OpenAI, publicly congratulated David Sacks on his appointment as the Trump administration’s “White…
2024 has been a landmark year for Bitcoin. The approval of spot Bitcoin ETFs in January opened the floodgates for institutional investment, sending Bitcoin’s price soaring to new all-time highs. Institutional Adoption Explodes CryptoQuant, a blockchain analytics firm, recently published a report detailing the massive impact of institutional investors. The numbers are staggering: ETFs surpass…
