While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests something is “amiss” in the U.S. banking sector and claims that major banks are shedding […] Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Binance CEO predicts Bitcoin will surpass $80,000 by 2025. Explore whether Solana, Rollblock, and BNB will follow Bitcoin’s bullish trajectory. Bitcoin is expected to surpass $80,000 by 2025, according to a daring forecast made recently by Binance CEO that has drawn interest from both investors and enthusiasts of the cryptocurrency. Discussions of the possible paths of some of the best altcoins to invest in including Solana, Rollblock, and Binance…
Solana, Polygon and Litecoin are some altcoins that attracted institutional investors this past week, despite the market seeing more than $584 million pulled from digital asset investment products. Over the past two weeks, the digital asset investment products market has recorded outflows of over $1.2 billion, CoinShares revealed in a report. Bitcoin and Ethereum lead the outflows, which have come as BTC price struggled with downside pressure since its recent rejection in the $71k area. Bitcoin, Ethereum see over $688 million in outflows According to details shared in asset manager…
Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid signs that institutions are positioning themselves to push prices higher. Citing rising open interest in Ethereum Futures at CME, a bourse, the analyst said it is highly likely that the “big money” is accumulating ETH,…
Manufacturers have struggled to make services for smart devices profitable, leading to problems for consumers. But these machines could be corralled to create blockchain-linked decentralized cloud infrastructure, says E&Y’s Paul Brody. Source
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific. Original
Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising on regulatory standards. Transak and Privado ID Team Up to Simplify KYC According to the […] Source CryptoX Portal
He was just 25 when he got the president job at Jump Crypto. Now, in his late 20s, “I plan to stay engaged with the portfolio companies I’ve been most involved with and hopefully take some time to process the unbelievably eventful few years we’ve had,” he said on X Monday. Source
Tether plans to sunset USDT minting on two major blockchain ecosystems over a year-long transitionary period. Stablecoin giant Tether announced its decision to shutter USDT support on Algorand and EOS within the next 12 months, citing a pivot to more community-centric networks. An official notice on Monday said the firm plans to focus more on striking a balance between maintainability, usage, and community interest. “Our goal is to allocate resources where they can best enhance security and efficiency while continuing to support innovation across the crypto landscape,” the firm noted…
In the last 24 hours, the Bitcoin (BTC) price fell by up to 4.8%, plummeting to a new low of $60,601 after trading above $64,000 just a day earlier. This decline can be attributed to a combination of factors, including developments from the Mt. Gox saga, a significant liquidation of long positions, and ongoing miner capitulation. #1 Mt. Gox News Shakes Market Confidence The sudden and steep decline from $62,900 to $60,601 in Bitcoin’s price coincided closely with a new announcement from the trustees of the defunct Bitcoin exchange, Mt.…