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Hourly spot volume across multiple exchanges clocked the highest point since Aug. 13. Bitcoin is up more than 6% on the day after breaching $47,000 on the back of strong buyer demand. The worldâs largest crypto by market cap has hit a 24-hour high of $47,359 and is now posting a 62.2% year-to-date return, CoinDesk data shows. Current prices are...
âChad af,â one Twitter user commented on the rescue action. A group of people in the crypto community, led by crypto investment firm Paradigmâs research partner Sam Sun, may have just prevented SushiSwapâs token fundraising platform Miso from losing more than $350 million worth of ether (ETH, -3.06%), after discovering and fixing a bug on the platform in under just...
Ether is the most popular cryptocurrency in Singapore, a survey published Monday found. Almost four-fifths of crypto investors, 78%, hold ether compared with 69% who own bitcoin, according to a survey by crypto exchange Gemini, finance platform Seedly, and information provider CoinMarketCap. Cardano came third at 40%. The survey of over 4,000 adults conducted June 29-July 9 also found that...
Analysts said the market doesn't have much of an appetite now for bitcoin above $46,000 or for a massive selloff. Bitcoin (BTC) was lower for a third straight day, slipping toward $44,000 after the largest cryptocurrency by market value reached a three-month high of nearly $46,800 earlier this week. âThere just isnât much of an appetite right now for bitcoin...
A source said PNC, the fifth-largest bank in the U.S., plans to offer crypto investment services to clients. Crypto exchange Coinbase said Tuesday itâs working with PNC Bank, the fifth-largest commercial bank in the U.S. by assets, on a crypto project. âIn recent months, we have formed partnerships with industry leaders including [Tesla CEO] Elon Musk, PNC Bank, SpaceX, Tesla,...
The flagship cryptocurrency hits its highest level in more than two months as inflation is expected to rise by another 0.5% in July. Bitcoin (BTC) reached its highest level in more than two months with just a few days remaining before the July inflation report. The top cryptocurrency climbed 1.65% to $45,363 on Aug.8, continuing the upside momentum that has...
The bill excludes only proof-of-work mining, or the selling of hardware or software that gives individuals control of private keys to access digital assets. Senators Mark Warner (D-Va.) and Rob Portman (R-Ohio) submitted a competing amendment on Thursday to an earlier amendment to the Senate infrastructure billâs cryptocurrency provision. The amendment, a copy of which was obtained by CoinDesk, is...
Gensler said he believes crypto trading platforms might already have securities listed. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said he believes the vast majority of crypto tokens and initial coin offerings (ICOs) violate U.S. securities laws. In a speech at the Aspen Security Forum on Tuesday, Gensler said he agreed with Jay Clayton, his predecessor at the...
Out of the blue, a U.S. lawmaker who previously showed little interest in cryptocurrency has introduced what may be the most sweeping legislation yet to regulate the market. Rep. Don Beyerâs (D-Va.) bill would allow the Treasury Secretary to veto the creation of stablecoins, direct regulators to define rules for decentralized finance (DeFi) and possibly create a charter for crypto...
Rep. Don Beyer (D-Va.) said the existing digital asset market structure and regulatory framework are too âambiguous and dangerous for investors and consumers.â Legislation to provide a âcomprehensive legal frameworkâ to regulate the digital asset market and possibly grant the federal government the ability to ban some stablecoins was introduced in the House of Representatives Wednesday. According to sponsor Rep....
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