Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to enforce federal securities laws in the evolving crypto market. Grewal noted that the principles-based definition of securities from the 1946 […]
The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking alternatives in neighboring countries, such as Argentina and Brazil. A joint venture between Argentine and Brazilian companies recently announced an 8 MW initiative aiming to generate 200 MW by 2026, and more will migrate according […]
The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without fiscal consolidation, debt trajectories will remain unsustainable, threatening macroeconomic stability. As interest rates rise, refinancing needs and higher debt […]
Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to offer an integrated suite of services including custody, trading, borrowing, and yield through separately managed accounts. Abra insists these solutions are tailored […]
Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $ 101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This week, the leading top five blockchains for NFT sales were Ethereum, …
UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank demand, and ongoing geopolitical uncertainties. UBS Revises Gold Price Prediction […]
CME Group, the world’s largest futures exchange, is planning to launch bitcoin trading to capitalize on the surging demand among Wall Street money managers for exposure to the cryptocurrency sector, according to a report from the Financial Times. The Chicago-based group has reportedly been in discussions with traders interested in buying and selling the cryptocurrency […]
Economist and gold bug Peter Schiff has explained why the price of gold is rising, warning that bitcoin is a “gigantic bubble.” He expects gold to be in “double digits” by next year. Meanwhile, he said that bitcoin is in a bear market and the price of the cryptocurrency “is going much lower than this.” […]
This week, bitcoin’s value ascended to the vicinity of $ 64,000, leading to a widespread belief among observers that the bullish trend has officially commenced. Speculation centers on the exact moment this upward trajectory began, given that bitcoin has appreciated by 46% since the start of the year and 139% over the previous six …
Peter Schiff, a U.S. economist and gold advocate, has attributed the lacklustre performance of gold mining companies to the rising inflation rate, which contrasts with a largely static gold price. Schiff maintains that the U.S. inflation rate would have been even higher if the U.S. Federal Reserve had not increased interest rates. The economist also […]
On Tuesday, CME Group unveiled plans to introduce micro euro-denominated bitcoin and ether futures, set to debut on March 18, contingent on regulatory green lights. These euro-based offerings will mirror their U.S. dollar-based equivalents, each representing one-tenth of the respective cryptocurrency’s value. CME Group Announces Micro Euro-Denominated Bitcoin and Ether Futures Launch Following the 2021 […]
With bitcoin’s value rising past the $ 51,000 mark, numerous long-dormant bitcoin hoards have begun to mobilize unspent transaction outputs (UTXOs) that have remained untouched for an extended period. Although instances involving ‘sleeping bitcoins’ from the years 2009, 2010, and 2011 are considerably scarce, there’s been a noticeable resurgence of older coin batches from …
24 days ago, Bitcoin.com News delved into Polymarket’s decentralized prediction market odds for the 2024 U.S. elections, with former President Donald Trump at the forefront, closely trailed by the sitting President Joe Biden, and the ex-U.S. Ambassador to the U.N., Nikki Haley. Since that report, the dynamics have shifted significantly, with Michelle Obama, former President […]
In a remarkable display of strength, bitcoin surged to a high of $ 47,526 on Feb. 9, 2024, marking a significant uptrend in its price. With a market capitalization of $ 921 billion and a 24-hour trade volume of $ 32.56 billion, the market sentiment is overwhelmingly positive. Bitcoin Oscillators and moving …
In its 2024 National Risk Assessments, the U.S. Department of the Treasury has unveiled the concerning trend of criminals increasingly turning to cryptocurrencies to finance illegal activities. US Treasury Reports Identify Crypto’s Role in Illicit Finance The U.S. Department of the Treasury announced in a press release that it has issued its 2024 National Risk […]