U.S. Treasury yields experienced a notable rise this week, causing increased apprehension in the market. Notable upswings occurred on Wednesday and Thursday when concerns over the debt ceiling and speculation over interest rate hikes pushed yields to record highs. In the early hours of Thursday, May 25, the yield on…
Crypto exchange Binance has announced a temporary suspension of deposits for ten Multichain-bridged (MULTI) tokens, pending further clarification from the protocol’s team. According to a May 25 tweet from Binance, the exchange said the decision would affect some assets deposits with blockchain networks like Fantom (FTM), BNB Smart Chain, Ethereum…
Florida governor Ron Desantis came out in support of Bitcoin and in opposition to central bank digital currencies in his official announcement of his presidential candidacy. Desantis formally announced his presidential run on Twitter Spaces with Elon Musk and venture capitalist David Sack on May 24. DeSantis has become a…
Over the last 24 hours, the cryptocurrency market saw net outflows of $20 billion for the second consecutive day and currently stands at $1.1 trillion — down 1.45% from $1.12 trillion. During the same period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 1.8% and 1.6% to $508.48…
Six individuals seeking to lift the ban against cryptocurrency mixer Tornado Cash, the platform that enhanced privacy by mixing transactions, put forth four major arguments in a filing on May 24. The filing supports the Coinbase-backed lawsuit against the U.S. Treasury filed on Sept. 8, 2022. In the latest filing,…
Ripple (XRP) CEO Brad Garlinghouse has predicted that the Court would issue a decision to its case with the U.S. SEC “in weeks and not months” while speaking at the ReDEFiNe Tomorrow 2023 conference. “I feel very confident that we’ll see a decision from the Court in this year. In…
Americans holding or using crypto fell from 11% in 2021 to 8% in 2022, per the Fed’s 2022 Economic Well-Being of U.S. Households report – released this month. The Fed attributed the drop in holding and using crypto to the fall in digital asset prices last year. However, the percentage…
Cryptocurrency exchange Coinbase has partnered with the Austrian fintech firm Bitpanda, Fintech Finance said on May 23. Bitpanda and Coinbase will work together The partnership will allow the two companies to offer institutional trading services outside of the United States. It will also see Bitpanda make use of Coinbase’s liquidity…
There are many ways to decipher market trends. From technical and fundamental analysis to social media monitoring, many metrics provide a foundation from which traders use to gauge market sentiment—and time trades. Technical analysis can become pretty complex. Fundamental analysis requires a significant amount of time to conduct the proper…
Mastercard firmly believes that crypto and blockchain technology can bring much more value to financial industries once it can solve the key issues of security and simplicity, Tech Crunch reported, citing the company’s EVP and head of crypto and blockchain Raj Dhamodharan. Dhamodharan made the comments during a blockchain-focused panel…