The digital asset’s price saw a precipitous drop early Thursday morning after the U.S. Bureau of Labor Statistics published data revealing record inflation metrics. Inflation Shock Triggers Bitcoin Slump Just seconds after the U.S. Bureau of Labor Statistics (BLS) published its inflation data at 8:30 am on Thursday, bitcoin ( BTC) fell off a cliff. […] Original
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On today’s episode of CNBC Crypto World, bitcoin retakes the $120,000 level after an overnight rally, while ether jumps above $4,000 for the first time since December 2024. Plus, Chainlink partners with NYSE parent company Intercontinental Exchange to bring foreign exchange and precious metal pricing data onto the blockchain. And, Stephen Pair, co-founder and CEO of BitPay, discusses the trend of companies looking to accept crypto payments. Chapters: 0:00 – Introduction 0:23 – Bitcoin rises 1:13 – The headlines 4:11 – BitPay’s…
The leading cryptocurrency soared to $122K Wednesday morning as the broader crypto market broke the $4 trillion threshold once again this week. Growing Bets on Fed Rate Cut in September Send Bitcoin Higher Bitcoin topped $122K on Wednesday as expectations of an interest rate cut by the U.S. Federal Reserve in September increased to 99.9% […] Original
Two sweeping executive orders promise to transform U.S. finance, with President Donald Trump fortifying banking freedoms and unlocking cryptocurrency access in retirement accounts for millions seeking greater diversification and financial independence. 2 Executive Orders Could Reshape US Finance With Banking Protections and Crypto in Retirement White House crypto czar David Sacks highlighted on Aug. 7 […] Source CryptoX Portal
An accumulation of small wins in the macroeconomic environment seems to have buoyed both stock and crypto markets. Market Rebound Pushes Bitcoin Back Above $115K Positive corporate earnings, favorable regulatory developments, and a $100 billion investment by Apple, all appear to have lifted stocks and crypto on Wednesday. Bitcoin, which had tumbled all the way […] Original
Crypto kiosks are fueling a new wave of fraud and cartel-driven laundering, prompting urgent calls for tighter controls across the U.S. financial system. FinCEN Sounds Alarm: Crypto Kiosks Now High-Risk Vectors for Money Laundering The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a notice on Aug. 4, warning that convertible virtual […] Source CryptoX Portal
This week, Ghislaine Maxwell—the convicted accomplice of disgraced sex offender Jeffrey Epstein—was quietly transferred from a Florida lockup to a low-security prison 950 miles away. Not long after, Polymarket lit up with a flurry of speculative betting action associated with Maxwell, tapping into a fresh wave of public fascination and political drama. Epstein’s Alleged Accomplice […] Source CryptoX Portal
U.S. regulators are igniting a crypto revolution as the CFTC kicks off a sweeping sprint to power the nation into digital asset dominance. CFTC and SEC Align—Is This the Dawn of US Crypto Supremacy? Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline D. Pham disclosed on Aug. 1 that the agency will begin a “crypto […] Source CryptoX Portal
The cryptocurrency market experienced a significant downturn after starting the week positively, with many top digital assets declining by double digits. TRX was the only top 20 digital asset to gain, rising by 2.7%, while toncoin increased by 8.9%. Tariffs and Jobs Data Spark Market Rout After starting the week brightly, the cryptocurrency market closed […] Original
Ethereum has entered a correction phase after weeks of aggressive buying pressure that pushed the price to a local high of $3,940. Following this rally, ETH has retraced over 12%, breaking below the $3,450 level as the market digests recent gains. The sharp pullback has sparked concerns of a deeper correction; however, on-chain data and market fundamentals paint a more optimistic picture. Related Reading Despite the price drop, Ethereum’s underlying strength remains intact. Whale addresses continue to accumulate during this dip, signaling high-conviction buying from large investors who are positioning…