Cryptocurrency continues to be a top choice among investors, providing opportunities for growth and diversification. With countless digital currencies, the crypto world is growing every day. It’s hard to keep up with this fast pace, especially when it comes to knowing which one to bet on. This article will guide you through the 4 best…
Backpack Exchange, a crypto trading platform founded by former employees of FTX and Alameda Research, acquires FTX EU for $32 million. According to a new announcement of the Europe-based crypto exchange and Backpack wallet, the exchange bought the European branch of FTX. “Backpack acquired FTX EU and its MiFID (Directive on markets in financial instruments)…
IIn a recent tweet, Tesla and SpaceX CEO Elon Musk shared a thought-provoking perspective on the relationship between dollar inflation and cryptocurrency prices. Musk suggested that if dollar inflation were resolved, the dollar price to buy cryptocurrencies would actually fall, assuming all other factors remain constant. Musk’s economic vision: a deflationary vision Musk’s comment echoes…
The cryptocurrency market is undergoing a massive sell-off that saw the price of flagship cryptocurrency Bitcoin (BTC) plunge more than 4%, from nearly $103,000 to around $97,900. The sell-off has affected most major digital currencies, with Ethereum’s ether losing around 7% of its value over the past 24 hours, while XRP is down over 5%…
Crypto exchange Gemini has agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission over allegedly misleading statements it made more than seven years ago about how easily the price of a Bitcoin futures contract could be manipulated. Cameron and Tyler Winklevoss’ trade settled without admitting or denying liability,…
The cryptocurrency market often thrives on unpredictability, and Fetch.ai’s FET token has become a beacon of intrigue in recent days. Amid the market turmoil, FET stood out, gaining 7.5% over the past 24 hours. With trading volume up over 92%, many traders and analysts are wondering: could FET achieve another 30% rally and reach the…
Authorities around the world appear to be stepping up efforts to combat cryptocurrency scams and AI-related fraud, as these threats continue to evolve and target unsuspecting victims. Recent cases in Vietnam, the United States and Hong Kong highlight the growing sophistication of these criminal activities and the global response to dismantle these operations. Notably, as…
Michael S. Barr, vice chairman of supervision at the Federal Reserve, announced today that he is resigning from this position. Barr will no longer hold this third position on the Board of Governors, but he intends to remain at the Fed until further notice. The industry widely views Barr as one of the main reasons…
Yat Siu has seen a lot in his decade of investing in crypto as a venture capitalist. Animoca Brands, a Hong Kong-based venture capital studio and game developer co-founded by Siu, has become one of the most powerful names in Web3 culture, with data provider CoinGecko setting the market capitalization of tokens issued by Animoca…
THE National Bank of Cambodia has published a first set of rules on digital assets that apply to banks and payment service providers. Banks may have exposure to tokenized assets and eligible stablecoins, but no first-party exposure to cryptocurrencies. Several Cambodian media outlets have stated that the ban on cryptocurrencies persists. Our interpretation of the…