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A huge fight has broken out between crypto leaders and banking watchdogs over how to deal with the booming crypto market. CoinFund’s president, Christopher Perkins, thinks the Bank for International Settlements (BIS) recent suggestions on crypto rules are a serious threat to the entire financial system. Regulators Want to Isolate Crypto The BIS released a…
Schwab Enters the Crypto Game (Carefully) Big financial firm Charles Schwab is finally letting customers trade cryptocurrencies like Bitcoin starting next year. This is a big deal, as they’ve been pretty hesitant about crypto in the past. However, they’re still warning everyone that crypto could become completely worthless because it doesn’t have the same kind…
Bitcoin is hanging around $85,000, neither soaring nor crashing. It’s a bit of a stalemate, stuck between $81,000 (the support level – meaning if it drops below this, things could get worse) and $88,000 (the resistance – if it breaks through this, we could see a big jump). Futures Market Shows Strength Despite the global…
XRP is making waves in Latin America’s crypto market, according to a new report from Bitso, a major crypto platform. It’s become a surprisingly popular payment option, accounting for a significant 9% of all crypto purchases on the platform. This is a huge jump from 2023, when it was practically absent from average user portfolios….
Ethereum’s price has dipped below a key level, potentially presenting a great buying opportunity for long-term investors. Let’s dive into the details. Is This a Dip or a Crash? Ethereum is currently trading at a low point, down roughly 21% since losing the $2000 support level. This downturn is happening against a backdrop of global…
The crypto market may be sluggish, but one Bitcoin-focused DeFi project is booming. Threshold Network’s native token, T, has exploded in value, jumping over 55% this week. A Token’s Big Week T is currently trading at $0.0223, a significant increase from $0.0143 just seven days ago. That’s not all – it’s also seen a nearly…
eXch, a controversial cryptocurrency exchange, is closing its doors in May following accusations of laundering funds stolen in the massive Bybit hack. The Bybit Hack and the Accusations In February, hackers made off with nearly $1.5 billion in Ethereum (ETH) and Lido Staked Ether (stETH) from Bybit—the biggest crypto heist in history. Investigators, including blockchain…
Cook County, Illinois, the second most populous county in the US, is giving some residents a big financial boost. Facing soaring property taxes, the county board approved a program to send $1,000 payments to eligible households. Who Gets the Money? The program, called the Cook County Homeowner Relief Fund, has a budget of $15 million,…
Kraken, the San Francisco-based cryptocurrency exchange, is branching out in a big way. This week, they announced two major expansions into new markets. Stocks and ETFs Arrive Starting in ten US states (New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama, and Washington D.C.), Kraken customers can now trade over 11,000 US-listed stocks…
Bitcoin (BTC) is stuck. For the past week, it hasn’t broken through the $86,000 price barrier, leaving investors unsure what’s next. While there hasn’t been a major crash, the sideways movement suggests a lot of hesitation in the market. Technical Analysis: Three Key Hurdles Crypto analyst Daan Crypto has pointed out three main reasons why…
