However, the House Agriculture Committee markup sharply contrasted with the verbal scrum down the hall in the Financial Services Committee Thursday. While the Financial Services Committee saw Democrats argue for more time to work on the bill and shouting on the floor, the Agriculture Committee worked through various amendments, adopting proposals from both Democrats and Republicans. Source
The crypto market witnessed heightened volatility last week, with most coins observing steep declines. However, today, June 27, the market has registered a slight recovery as most coins posted a few gains, but SOL’s gain is the most notable among all. Solana’s native token, SOL, recorded over 3% price growth over the past 24 hours, while others, like Bitcoin, barely crossed 1%, given the significant increase. The Ethereum killer is now number 9 among the top-gaining coins today. However, considering the steep volatility index, whether SOL bulls can sustain today’s rally…
Tact was pervasive in the United States House of Representatives Agricultural Committee’s consideration of the Financial Innovation and Technology for the 21st Century Act on July 27. With many references to bipartisanship and self-congratulatory mentions of the members’ cooperation and hard work, the committee plowed through a series of amendments calmly and quickly. The bill, co-written by Republican members of the Agriculture Committee and Financial Services Committee, seeks to create a comprehensive regulatory framework for digital assets. It was debated in the Financial Services Committee along with several other bills…
Worldcoin could onboard “billions of users” to crypto markets, said Austin Barack, a partner at CoinFund, in a blog post this week. Prior to the launch, Worldcoin had a little over two million verified users worldwide, and as of the time of writing, 941,000 World App wallets have been created, according to a Dune analytics dashboard on the project. Original
Yusko joins other bitcoin bulls who have recently predicted a higher price for the digital currency. Most recently, British multinational bank, Standard Chartered, predicted that bitcoin could reach $120,000 by the year-end. Meanwhile, Crypto services provider Matrixport, said it sees bitcoin rallying to as high as $125,000 by the end of 2024. Source
Data shows the PEPE whales have been buying the meme coin as its price has observed a sharp 13% rally during the past 24 hours. PEPE Whales Have Bought 1.56 Trillion Tokens During The Last Day After consolidating straight for more than a month, the meme coin based on the popular internet frog avatar finally buckled a few days back and saw a sharp decline, as did others in the sector like Bitcoin and Ethereum. The asset extended this decline in the days that followed, but the downtrend this time…
Stablecoins cannot be compared to bank deposits in terms of risk, argues a new policy paper authored by former Federal Reserve Board analyst Brendan Malone on behalf of technology investment firm Paradigm. The document explores the risks stablecoins pose to the financial system, noting that current legislative proposals in the United States could incorporate crypto payment instruments into existing banking and securities frameworks. Malone argues that the risks posed by stablecoins are lower than bank deposits and different from money market funds. Stablecoins are cryptocurrencies programmed to have a stable value relative…
CryptoX – Cryptocurrency Analysis and News Portal Last week, Web3 wallet Suku teamed up with Polygon to release a free open-edition NFT collection – during which users minted over 50,000 NFTs on Twitter. Source The post Suku May Beat Musk to Crypto Twitter Payment Adoption appeared first on CryptoX. CryptoX Portal
The action comes as the circulation of Maker’s dollar-pegged stablecoin has shrunk by a third from $6.9 billion in a year, according to Dai Stats. The broader stablecoin market, a key infrastructure and source of liquidity in the crypto ecosystem for trading and transactions, is in a downtrend, sinking to $127 billion from nearly $160 billion a year ago. Source
Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction. BTC/USD 1-hour chart. Source: TradingView Analyst warns of BTC price dip Data from Cointelegraph Markets Pro and TradingView showed BTC price strength waning after a brief push to $29,680 into the daily close. The largest cryptocurrency had offered a modest uptick after the Federal Reserve hiked interest rates to their highest since 2001 — a move already priced in by markets. The day’s U.S. GDP advanced print for Q2…