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Senator Cynthia Lummis has expressed skepticism regarding a dinner that was organized to promote a meme coin associated with former President Trump. The event, which took place in New York, aimed to generate interest in the cryptocurrency by leveraging Trump’s popularity. Lummis, however, has raised concerns about the legitimacy and sustainability of such coins. During [...]
The meeting is expected to ignite positive changes that benefit all crypto stakeholders in Nigeria and internationally.
What I preach for is regulation that protects and prevents but does not cripple and destroy [innovation], the senior adviser told Cointelegraph.
In the midst of trade uncertainties caused by tariffs, U.S. cryptocurrency exchanges are placing significant bets on derivatives. This move comes as a strategic response to volatile market conditions and changing regulatory landscapes. Trading in derivatives has become increasingly popular among digital asset exchanges in the United States. By offering derivatives products such as futures [...]
The post American Exchanges Ramp Up Investments in Cryptocurrency Derivatives Despite Trade Challenges appeared first on Crypto Breaking News.
In the wake of Binance’s departure from Canada, cryptocurrency exchange Bybit has announced its exit from the nation as well, citing “recent regulatory development” as the reason. Effective May 31, Bybit stated that it would cease accepting applications from Canadian residents. Bybit to Pause Operations in Canada According to a Tuesday announcement, Bybit is withdrawing [...]
The post Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns appeared first on Crypto Breaking News.
A new UK government report delves into the complex realm of IP issues within the Metaverse, highlighting the lack of consensus on its definition and the IP challenges it poses. (Read More)
David Sacks Advocates Against Crypto Transaction Taxes In a recent development in the world of cryptocurrency, David Sacks has stepped forward to speak out against the imposition of transactional taxes on crypto transactions. Sacks, a prominent figure in the crypto community, believes that such taxes could stifle innovation and hinder the growth of the industry. [...]
The post David Sacks challenges crypto transaction tax concept appeared first on Crypto Breaking News.
Bitcoin Price Faces Strong Resistance at $94K Level, Say Crypto Analysts Bitcoin’s price is currently at a critical juncture as it approaches the $94,000 level, with analysts signaling significant resistance at this key point. The leading cryptocurrency has been trading in a volatile range in recent weeks, experiencing both upward and downward movements. Many crypto [...]
The post Analysts predict major challenges for Bitcoin in reclaiming $94,000 appeared first on Crypto Breaking News.
As Bitcoin adoption continues to rise, experts are concerned about the fragmented regulations in the European Union. The lack of a unified approach to cryptocurrency regulation across EU member states is seen as a potential barrier to wider adoption and innovation in the region. Analysts point out that the varying regulatory frameworks in different countries [...]
The post Challenges to Bitcoin Adoption in the EU: Analysts Blame Fragmented Regulations appeared first on Crypto Breaking News.
Nigeria Ventures into Crypto Industry Despite Turbulent History Nigeria is boldly stepping into the world of cryptocurrency despite facing challenges in the past. The country has shown a willingness to embrace this new technology and explore the opportunities it offers. In recent years, Nigeria has seen a growing interest in cryptocurrency trading and investment. This [...]
The post Nigeria Embraces Crypto Business Opportunities Despite Challenges: New Report appeared first on Crypto Breaking News.
Paul Atkins, the former SEC Chair during the Trump administration, recently testified at a Senate committee hearing. His appearance shed light on various aspects of financial regulation and policymaking. Atkins, known for his pro-business stance, emphasized the importance of striking a balance between investor protection and fostering market growth. During the hearing, Atkins praised the [...]
The post Paul Atkins on the Verge of SEC Chair Position Despite Challenges: Report appeared first on Crypto Breaking News.
The growth of Web3 developers in India is projected to see a significant increase by the year 2024. This surge is expected to be fueled by a rise in investment within the sector. Web3 technology, which focuses on decentralized applications and blockchain systems, has been gaining popularity globally, with India being no exception. With the [...]
The post Thriving Web3 Developers, Gamers, and Investors Defy Challenges of India’s Crypto Policy appeared first on Crypto Breaking News.
The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators mandated the closure of Prime Trust. Despite these challenges, Coinbits maintains confidence that the custodian “still has enough bitcoin [...]
The post Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes appeared first on Crypto Breaking News.
On June 28, 2023, Bitcoin saw its first downward difficulty adjustment in 56 days, or since May 4, with a decline of 3.26%. This modification lowered the network’s difficulty to 50.65 trillion from its record high of 52.35 trillion on June 14. Bitcoin Mining Gets a Breather: Difficulty Decreases by 3.26% in Recent Adjustment Today, [...]
The post Bitcoin Difficulty Takes a Dip: Network’s First Downward Adjustment in 56 Days Signals Easier Mining Ahead appeared first on Crypto Breaking News.
The Bored Ape Yacht Club (BAYC), a prominent non-fungible token (NFT) collection, has been experiencing a decline in its dominance. In the past 90 days, the minimum value of BAYC NFTs has plummeted from 64 ETH to just above 37 ETH. Furthermore, the floor value of the Cryptopunks NFT collection has been higher than BAYC’s [...]
The post Bored Ape Yacht Club’s Market Reign Crumbles as Rivals Take Center Stage appeared first on Crypto Breaking News.
Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail [...]
The post Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector appeared first on Crypto Breaking News.
After the Bitgo acquisition deal to purchase Prime Trust fell through, it seems that crypto firms that have worked with the custodian are experiencing problems. On Thursday, Seattle-based fintech startup Stably announced the need to “temporarily pause” certain services and operations. According to reports, the bitcoin payments platform, Strike, is also encountering difficulties and has
The post Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns appeared first on BTC Ethereum Crypto Currency Blog.
Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and founder of Morgan Creek Capital, Mark Yusko, explained in an interview that it’s quite possible that the FTX
The post Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry appeared first on BTC Ethereum Crypto Currency Blog.
Cryptocurrency proponents in the United States are facing increasing challenges when it comes to utilizing digital assets for expenditures. Several crypto companies have encountered difficulties in securing banking partners. This week, Bitpay, a prominent player in the crypto payments sector, made an announcement regarding the termination of its current Bitpay prepaid Mastercard program. This decision [...]
The post Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future appeared first on Crypto Breaking News.
After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the [...]
The post UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal appeared first on Crypto Breaking News.
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