Category: crypto

Bitcoin fell to $100,300 after Fed chair Jerome Powell’s hawkish comments at the FOMC. Despite an expected interest rate cut, Bitcoin and other cryptocurrencies experienced losses. The US stock market also reacted negatively. Powell indicated a slower pace for rate cuts entering 2025, with futures markets expecting minimal cuts next year. Powell mentioned the Fed…

Deutsche Bank is developing a layer-2 blockchain on Ethereum to address regulatory challenges faced by financial institutions. The platform, Project Dama 2, aims to streamline asset servicing and offer cheaper transactions using zero-knowledge proof technology. Traditional finance players like JPMorgan and Visa are also exploring blockchain solutions for asset servicing.

Hong Kong’s Securities and Futures Commission (SFC) has issued licenses to four virtual asset trading platforms (VATPs), bringing the total number of licensed crypto trading platforms in the city to seven. The licensed firms underwent inspections and must meet regulatory standards for full functionality. The SFC aims to balance investor protection with fostering growth in…

Polygon has accused Aave of monopolistic practices after a dispute over a proposal to allocate bridge funds to yield-generating strategies. Tension escalated when Aave threatened to withdraw from Polygon. Founder Sandeep Nailwal criticized Aave’s approach as anti-competitive. Aave defended its stance, emphasizing user security and rejecting claims of anti-competitive behavior.

A new supply-and-demand equilibrium model predicts that Bitcoin could surpass $1 million by January 2027 based on current adoption trends and liquidity. The model, created by Dr. Murray A. Rudd and Dennis Porter, factors in Bitcoin’s fixed supply and institutional adoption. It suggests that growing institutional presence could drive the price to seven-figure levels in…

Ohio lawmaker Derek Merrin introduced a bill to establish a Strategic Bitcoin Reserve in the state treasury, allowing investment in Bitcoin to protect against US dollar devaluation. The proposed Ohio Bitcoin Reserve Act positions Ohio as a pioneer in adopting Bitcoin reserves at the state level, following global trends in using Bitcoin as a strategic…

ASIC has filed a lawsuit against Oztures Trading Ltd, operator of Binance Australia Derivatives, for misclassifying over 500 retail investors as wholesale clients, denying them consumer protections. Binance allegedly offered crypto derivative products to these investors without proper disclosures or dispute resolution mechanisms. ASIC seeks penalties and compliance from exchanges.

Charles Hoskinson, founder of Cardano, called for the Cardano Foundation to move to a jurisdiction allowing users to elect board members, criticizing the Swiss government’s appointment process. He urged the community to question the Foundation’s structure and decisions, suggesting a move to regions like Abu Dhabi or Wyoming for a more inclusive governance model.

Spot trading involves immediate transactions of cryptocurrencies at their current market value. It offers opportunities for beginners and experienced traders alike. Understanding market mechanics, managing risks, and staying informed are key to successful trading. A secure Bitcoin Wallet and the right mindset are essential for confident and responsible trading.

Galaxy Digital CEO Mike Novogratz predicts that Bitcoin could surpass gold’s market capitalization within five to eight years. Bitcoin’s market cap has reached 14% of gold’s value, with its growth accelerating. Federal Reserve Chair Jerome Powell acknowledges Bitcoin as a digital version of gold but sees it as a speculative asset, not a sovereign currency.…