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The opportunity could be substantial for an already fast-growing crypto industry with a current market capitalization currently around $2.3 trillion. All assets will eventually be tokenized, from stocks to bonds to commodities. At least thatâs the perspective of many crypto-industry executives who predict that most, if not all, of modern finance will eventually run on digital rails. Just put it...
A bill seeking to âpauseâ crypto mining for three years in New York was referred to the state's Environmental Conservation committee on May 3. Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S....
Ether's milestone comes surging trader interest in the leading smart-contracts blockchain. Ether (ETH), the second-largest cryptocurrency by market capitalization, went above $3,200 Monday for the first time in history, according to CoinDesk 20, after setting multiple all-time highs last week. The native token of Ethereum's blockchain clocked a record high of $3,201 during the European hours, having crossed above the...
JPMorgan has identified three reasons why ETH is superior to BTC. And ETH has broken another historic record. The ETH price is already almost $3k!
"You are seeing things in the capital markets that are a bit frothy, that's a fact," said Powell. "I won't say it has nothing to do with monetary policy." U.S. Federal Reserve Chairman Jerome Powell thinks capital markets, as typified by the dogecoin craze, are a âbit frothy.â He also admitted that the central bankâs easy-money policy may have had...
Goldman Sachs identified 19 blockchain and cryptocurrency related stocks that have outperformed the S&P 500 this year. U.S. stocks exposed to blockchain and cryptocurrencies have outperformed the Standard & Poorâs 500 Index by about 34 percentage points year-to-date, according to Goldman Sachs, in a reminder of how the fast-growing technologiesâ appeal extends to investors in traditional markets. The Wall Street...
The move means Binance users will be able to qualify for economic returns on the underlying shares, which will include potential dividends. Cryptocurrency exchange platform Binance is looking to tokenize more stocks of some of the worldâs largest companies. According to a blog post on Monday, Binance will list MicroStrategy, Microsoft and Apple, providing Binance users with exposure via the...
The head of Turkeyâs central bank ruled out a total ban of cryptocurrencies and said a wide range of crypto regulations is coming within two weeks, Trade Moneta reported. Speaking on state-run channel TRT, Governor Ćahap KavacıoÄlu said, "You cannot fix anything by banning crypto and we do not intend to do this." KavacıoÄlu's comments come less than a week...
Bitcoin's price fell about $4,300 in the last 24 hours. Bitcoin has fallen below the $50,000 psychological support line, hitting its lowest point in 48 days. At around 17:00 UTC on Thursday, bitcoinâs (BTC) price fell from around $54,900 to $51,500 before the markets inflicted another sell-off to $48,300, according to Bitstamp exchange data. Prices are currently hovering around $49,200,...
Brian Brooks, an acting head of Office of the Comptroller of the Currency under Trump, will become CEO of Binance.US A former top U.S. banking regulator is set to join Binance.US, one of the worldâs biggest bitcoin exchanges, in the latest move by a cryptocurrency company to deepen its ties to Washington. Brian Brooks, an acting head of the Office...