.png)
Sponsored Galobank: Bridging the Gap Between Fiat and Crypto In the world of cryptocurrency, innovation is key. As new blockchains emerge, they bring with them the promise of faster transactions and greater decentralization, but what about the practical aspects of using cryptocurrency in everyday life? How do we make it easy for people to move between crypto and FIAT currency?...
More BTC than ever has been held for at least a year, according to Glassnode, a potentially bullish sign. (Mufid Majnun/Unsplash) Investors are hanging onto their bitcoin (BTC) longer than ever â HODLing in industry parlance â according to data fromGlassnode. The proportion of BTC thatâs been held for at least a year has climbed to a record 68%, Glassnode...
A illustrative example of a Tornado. (NOAA) The Tornado Cash token (TORN) is up 10% after a proposal submitted by awallet addresslinked to arecent attack onthe decentralized autonomous organizationâs (DAO) governance state looks to reverse the malicious changes. âThe attacker posted a new proposal to restore the state of governance," user Tornadosaurus-Hex wrote in theTornado Cash community forum, adding that...
Early morning gains for the crypto were quickly erased in Thursday afternoon trading. Bitcoin (BTC) tumbled back below $27,000, reversing its advance from a day ago as investors continued to weigh the ongoing debt ceiling talks in Washington, D.C. and the latest regulatory moves. The largest cryptocurrency by market capitalization was recently trading at around $26,700, down 2.1% over the...
Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default. U.S. Treasury Secretary Janet Yellen (Photo by Chip Somodevilla/Getty Images) Bitcoin (BTC) continued its slightly downward consolidation on Tuesday, slipping just below $27,000 as investors kept close attention on the debt ceiling negotiations in Washington....
The worldâs largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit. (Sebastiaan Stam/Unsplash) Crypto exchange Binance has announced that it would cease operations in Canada, citing the challenging regulatory environment. âWe had high hopes for the rest of the Canadian blockchain industry,â the company said in a Fridaytweet. âUnfortunately, new guidance related...
Rep. Patrick McHenry (R-N.C.) (Suzanne Cordeiro/Shutterstock/CoinDesk) The U.S. Securities and Exchange Commission (SEC) has so far disregarded congressional requests for information on its interactions with crypto platforms seeking registration as exchanges, according to Republican lawmakers in the House of Representatives, who threatened a hearing if theyâre ignored any longer. Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services...
The U.S. securities regulator recently proposed requiring investment advisers to keep customersâ crypto assets with âqualified custodiansâ and is now facing wide criticism for the potential future rule. Gary Gensler, chair of the U.S. Securities and Exchange Commission (Evelyn Hockstein-Pool/Getty Images) The U.S. Securities and Exchange Commission (SEC) went too far when itproposed a new ruledemanding investment firms safeguard all...
The Bitcoin mempool was clogged with over 400,000 transactions waiting to be processed on May 7. Crypto exchange Binanceclosed Bitcoin withdrawals on May 7 due to an alleged overflow of transactions on the Bitcoin network. The Bitcoin mempool was clogged with over 400,000 transactionswaitingto be processed at the time of writing. The mempool is known as the âwaiting areaâ for...
The nation's budget will be presented on June 8. Kenya's Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year, according to a Bloombergreportthat cites proposals presented to lawmakers. The nation's budget will be presented on June 8. Kenya elected William Ruto as its President in 2022 when its...