Customers Bank, a financial institution known for its crypto-friendly stance, has recently been ordered by the U.S. Federal Reserve to tighten its risk management practices, specifically concerning its digital asset clients. This move comes as part of a broader effort by regulators to ensure that banks engaged with the cryptocurrency sector adhere to strict anti-money…
JPMorgan Chase & Co. (NYSE:JPM) has maintained a cautious stance on the Bitcoin market outlook, despite the recent volatility in digital assets. The banking giant believes that the positive catalysts that could drive Bitcoin (BTC) and broader cryptocurrency markets higher have largely been factored into current prices. This cautious perspective comes after Bitcoin experienced its…
The cryptocurrency market experienced a sharp downturn Wednesday afternoon as U.S. stocks reversed early gains, leading to heightened cryptocurrency market volatility. Bitcoin (BTC), which had shown promise earlier in the day, saw its price tumble as broader economic concerns weighed on both digital and traditional financial markets. This article examines the factors driving this latest…
As more people add digital assets like Bitcoin, Ethereum, and Solana to their portfolios, the question of cryptocurrency inheritance becomes increasingly relevant. Unlike traditional assets such as cash, property, or stocks, cryptocurrency presents unique challenges in estate planning. Without proper arrangements, your digital assets could be lost forever when you die. This article will explore…
At the recent Bitcoin Nashville Conference, political tensions around cryptocurrency regulation were on full display, with Republican candidate Donald Trump’s promise to fire SEC chair Gary Gensler receiving thunderous applause. As cryptocurrency becomes a more prominent issue in U.S. politics, Coinbase’s Chief Legal Officer, Paul Grewal, is advocating for a non-partisan approach to crypto regulation.…
Morgan Stanley (NYSE:MS) has made a significant move in the cryptocurrency market by becoming the first major U.S. bank to allow its wealth advisors to sell Bitcoin ETFs to clients. This decision, announced on Wednesday, marks a pivotal moment in the adoption of Bitcoin ETFs by mainstream financial institutions and could lead to a substantial…
Stripe, the renowned payments processor, has partnered with Bitstamp, a leading cryptocurrency exchange, to streamline the process of converting fiat to crypto for users in the European Union. This strategic collaboration, announced on Wednesday, aims to enhance the accessibility of cryptocurrency transactions, making it easier for developers and businesses to integrate crypto payments into their…
Hedge funds and institutional traders are aggressively buying back into cryptocurrency call options following one of the most significant sell-offs of bullish positions this year. This renewed interest comes after a weekend liquidation event that saw about $1.1 billion wiped out from crypto bets. On August 4, Bitcoin fell as much as 17% and Ether…
Bitcoin (BTC-USD) has faced a significant pullback, plunging as much as 20% over the weekend to below $50,000—a level not seen since February. However, the cryptocurrency has since rebounded by approximately $6,000, though it remains down 14% over the past week. Despite this downturn, Bitcoin enthusiasts are maintaining their bullish forecasts. MarketVector’s Martin Leinweber believes…
Core Scientific (NASDAQ:CORZ) saw its shares spike as much as 17% following the announcement of a new $2 billion high-performance computing (HPC) contract with CoreWeave. The extension of a prior agreement will see Core Scientific host an additional 112 megawatts (MW) of GPUs for CoreWeave, an AI hyperscaler firm. This deal boosts Core Scientific’s expected…