The European Union has become the first major jurisdiction to pass a comprehensive crypto law, the Markets in Crypto-Assets (MiCA) regulation, which aims to provide legal certainty for the crypto industry and investors by establishing standard regulations and harmonized rules at the EU level. MiCA may ultimately stifle innovation, impose a one-size-fits-all approach to regulation
Economist Peter Schiff expects a lot more banks to fail, warning that “nobody’s money is safe in any bank.” He stressed: “When the Fed sets interest rates too low and prints a lot of money … it unleashes massive inflation, creates tremendous economic imbalances that result in financial crises and depressions when the bubbles burst.”
The United States consumer price index rose 4.9% annually, which was slightly less than estimates of a 5% increase. The CPI’s monthly rise of 0.4% in April was in line with expectations. Although inflation remains stubbornly higher than the Federal Reserve’s 2% target range, traders will take comfort from the slower pace of increase. That
After a brief overshoot above $2,000 on May 6, the Ether price has returned to a tight range between $1,820 and $1,950, which has been the norm for the past three weeks. According to the latest Ether (ETH) futures and options data, odds favor the Ether price breaking below the $1,820 support, as professional traders have
In today’s The Market Report episode, analyst and writer Marcel Pechman discusses why crypto prices are going down after Bitcoin (BTC) failed to break above $29,000, plus whether or not Jerome Powell is lying about keeping interest rates above 5%, and lastly, what Warren Buffett meant by the “incredible period” coming to an end. The
Cathie Wood of Ark Invest explains the US is only 21 days away from an economic catastrophe. The US banking system is in trouble … regional bank stocks are crashing as depositors flee incentivised by higher yields…The Fed just made matters worse by raising interest rates yet again and now add to this mix the
Singapore government-owned megabank DBS is among the few companies around the world that reaped major benefits from massive cryptocurrency collapses in 2022. DBS Digital Exchange, DBS Bank’s institutional crypto trading platform, saw a significant increase in Bitcoin (BTC) trading volumes last year. According to DBS Digital Exchange CEO Lionel Lim, the number of DBS crypto
Memes, internet jokes, and popular culture references have become an integral part of online communities. Because of this, cryptocurrencies inevitably gave birth to a new wave of assets called “memecoins.” While some argue that these coins are just a fad, others might also believe in their potential to bring financial gain to their investors. One
Will Clemente III has 680,200 followers on Twitter thanks to his viral crypto analysis content. He co-founded blockchain research firm Reflexivity Research with Anthony “Pomp” Pompliano while still a teenager. Who is this guy anyway? Will Clemente III is still only 21 years old, but his keen insights into the industry mean he’s followed by
United States President Joe Biden recently shared an infographic on Twitter, calling to end “tax loopholes” that allegedly help wealthy crypto investors. Community members responded to the tweet, questioning the figures shared by the president and if the said loopholes exist. Cutting such loopholes would save about $18 billion, according to Biden. However, the president
Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National Police Anti-Cybercrime Group said trafficking victims use social media platforms such as Facebook to lure unsuspecting individuals. Cryptocurrency Scams According to
Increased fees and a backlog of transactions are besieging the Bitcoin (BTC) network and it’s due to a popular new “token” standard according to a CryptoQuant analyst. On May 9, Axel Adler Jr, an analyst with the crypto data firm, explained that BRC-20 memecoin minting on the BTC blockchain is causing the surge in block
Financial technology company PayPal recently disclosed its cryptocurrency holdings in a quarterly report filing to the Securities and Exchange Commision (SEC). Claiming a combined total of $943 million in cryptocurrency assets as of March 31, 2023, the filing shows a 56% increase over the company’s previous quarter where PayPal disclosed $604 million. PayPal’s reported total financial
Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has pulled plans for its native Aragon (ANT) token holders to be given voting rights over the future direction of the organization. The Aragon Association, a Switzerland-based organization that oversees the management of Aragon said in a May 9 tweet it exercised its “fiduciary
Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers inadequately delivered legal documents after previously failed attempts. In a May 8 filing for United States District Court in the Southern District of Florida, Shaq’s legal team said following “a failed motion to serve” the NBA
Personal finance expert and best-selling author Dave Ramsey has dismissed de-dollarization concerns and the prospects of a BRICS currency, the Chinese yuan, or the Russian ruble displacing the U.S. dollar in international trade. “They don’t have the muscle to take down the dollar,” he stressed. Dave Ramsey on De-Dollarization and Challenges From Alternative Currencies Personal
On May 9, the total market capitalization of BRC-20 Bitcoin tokens surpassed $1 billion, with a total trading volume of $207.7 million in the past 24 hours. Some of the most notable deployed tokens include ordi, nals, VMPX, pepe, and meme, with price variance of between +11% and -55% within the past day. According to analysts
🤑Hier Handle ich Kryptowährungen!! Bitget (Bis zu 8100$ Bonus und danach – 15% Gebühren Lifetime!!) https://partner.bitget.com/bg/FXInvesting 🤑Hier Handle ich Kryptowährungen!! Phemex Bis zu 4050$ Bonus kassieren und LIFETIME 15% Gebühren Sparen https://phemex.com/a/k/FXInvesting 🤑Hier Handle ich Kryptowährungen!! MEXC (Bis zu 1000$ Bonus und 0% auf Maker Fees https://www.mexc.com/de-DE/register?inviteCode=mexc-1XG4G 🤑Hier Ist es am Besten zu Staken!!!! (0
Amid the global cryptocurrency exchange Binance recovering from several halts of Bitcoin (BTC) withdrawals, its American arm, Binance.US, is selling BTC at a premium. The price of Bitcoin on Binance.US is $700 more expensive than the cryptocurrency’s market price on May 9. At the time of writing, or around 1:30 am UTC, Bitcoin was trading at
Worldcoin, a project to identify humans and distinguish them from artificial intelligence, has launched a gas-free crypto wallet for verified humans, according to a May 8 announcement. The new wallet, called “World App,” works on Android and iOS operating systems. It currently runs on the Polygon (MATIC) network, allowing users to hold and transfer United