In a recent testimony before a House committee, Federal Reserve Chairman Jerome Powell articulated a cautious but clear position regarding the relationship between banks and cryptocurrency. Unlike the stringent regulatory measures that might be assumed, Powell emphasized that the Fed does not seek to inhibit banks from providing services to clients involved in legal crypto
Bitcoin (BTC) has been entrenched in a volatile price scenario over the past week, managing to climb back from a low of $91,000. However, it still struggles to secure a robust foothold above the psychologically significant $98,000 threshold. As analysts delve into the current market dynamics, a prevailing view suggests that Bitcoin’s price sentiment remains
The landscape of Bitcoin legislation is rapidly evolving in the United States, with numerous states contemplating significant proposals that could transform how public funds are invested. This unprecedented move to allocate state assets towards Bitcoin not only illustrates a growing acceptance of cryptocurrency but also reflects a strategic pivot in fiscal policy. Almost 30 different
As 2025 began, the cryptocurrency market experienced a thrilling surge that peaked with a market capitalization of $3.76 trillion on January 7. This upswing can be attributed to favorable policies from the U.S. government, which has shown increasing interest in integrating cryptocurrencies into mainstream finance. Discussions surrounding a national cryptocurrency reserve, coupled with regulatory measures
The realm of cryptocurrency has experienced significant trading activity in 2024, with centralized exchanges reporting a staggering cumulative volume of $18.83 trillion, as per CoinGecko’s latest findings. This report scrutinizes the trading trends over a five-year span, from January 2020 until the close of 2024, unveiling the intricate dynamics of market share and the competitive
In the dynamic landscape of cryptocurrency, institutional interest can often signal renewed faith in particular digital assets. Recently, Grayscale submitted an application for a Cardano (ADA) exchange-traded fund (ETF) with the New York Stock Exchange, igniting considerable optimism within the market. Should this ETF receive approval, it would offer retail and institutional investors a more
In a whirlwind of financial excitement, Bitcoin’s price previously surged to an impressive $98,000, only to be swiftly met with rejection shortly thereafter. This sudden escalation is reminiscent of the unpredictable nature of cryptocurrency markets where price volatility is the norm. Following the temporary spike, Bitcoin experienced a downturn, retreating approximately $3,000, a movement that
Recent developments indicate that Donald Trump has chosen Brian Quintenz, who is currently the Head of Policy at a16z Crypto, to take the helm at the Commodity Futures Trading Commission (CFTC). This potential appointment could signify a shift in the regulatory landscape for cryptocurrency and derivatives markets, amidst an ongoing debate about the direction of
The evolution of decentralized finance (DeFi) has been marked by a rapid succession of innovations aimed at enhancing efficiency, accessibility, and scalability. On February 11, Uniswap, a highly recognized decentralized exchange (DEX), announced its entry into the competitive Layer-2 (L2) landscape with the launch of Unichain. This development not only exemplifies Uniswap’s ongoing commitment to
In a groundbreaking move, Crypto.com has announced the launch of its crypto asset services across all member states of the European Economic Area (EEA) as of February 12. This expansion is indicative of the exchange’s ambitions to bolster its brand presence within crucial European markets, particularly following the recent acquisition of the full Markets in