The Federal Reserve’s recent rate cuts have far-reaching implications, particularly for stablecoin issuers. These issuers, who traditionally rely on earning interest from reserves, may face a significant decrease in income. With interest rates dropping, the return on reserve assets held in traditional banks and financial institutions diminishes. This reduction in revenue could lead stablecoin companies…
Terraform Labs, a prominent blockchain technology company, has recently agreed to a settlement with the U.S. Securities and Exchange Commission (SEC) amounting to nearly $4.5 billion. This settlement marks one of the largest monetary penalties imposed by the SEC in recent times and underscores the agency’s intensified scrutiny of the cryptocurrency and blockchain sectors. The…
Bitcoin has experienced significant volatility recently, with its price fluctuating widely after a strong performance last month. Investors are closely monitoring key support and resistance levels to gauge future movements. The cryptocurrency market, known for its rapid changes, continues to attract attention from both retail and institutional investors. In the past month, Bitcoin’s price surged,…
Coinbase, one of the leading cryptocurrency exchanges, has recently filed a lawsuit against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The lawsuit alleges that these regulatory bodies have overstepped their boundaries and imposed unfair regulations on the cryptocurrency market. This legal battle highlights the ongoing tension between the rapidly…
Bitcoin continues to hover below the $70,000 mark, raising questions among investors and analysts alike. Despite the inflow of capital into Bitcoin ETFs, the cryptocurrency has struggled to break this psychological barrier. In this article, we delve into the factors influencing Bitcoin’s price and the potential future movements of the market. One of the primary…
Bitcoin (BTC) experienced a brief dip below the $60,000 mark, reflecting the volatile nature of the cryptocurrency market. This fluctuation comes amid significant news from the U.S. Securities and Exchange Commission (SEC), which has decided to end its investigation into Ethereum (ETH). The closure of the investigation has led to various speculations and reactions within…
FINMA-supervised unit renamed Matrixport Asset Management AG SINGAPORE, Sept. 30, 2024 /PRNewswire/ — Matrixport, a leading all-in-one crypto financial services hub, today announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (“CFAM”), a licensed Swiss crypto asset manager that was previously part of the Deutsche Börse Group-owned Crypto Finance Group (CFG). Renamed…
SINGAPORE, Sept. 27, 2024 /PRNewswire/ — OKX, a leading onchain technology company and an Official Primary Partner of the McLaren Formula 1 Team, today released the second installment of its ‘My Fabric’ campaign featuring McLaren F1 driver Oscar Piastri. In the video, the rising star reflects on his journey from young junior driver to his…
DUBAI, UAE, Sept. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Block Scholes, a renowned quantitative finance firm, has released its latest crypto derivatives analytics report. The report provides a comprehensive analysis of the crypto market’s response to the Federal Reserve’s recent rate cut and highlights key…
WILLEMSTAD, Curacao, Sept. 27, 2024 /PRNewswire/ — BC.GAME, a leading crypto gaming platform, has officially announced the launch of the $BC Mining Rush, an exclusive event with a staggering prize pool of 1 billion $BC tokens. The event will run from October 1 to October 20, 2024, with pre-registration starting on September 24, offering players the…