Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”
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Italy’s central bank calls for framework to prevent stablecoin runs
Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”
Maple Finance announces direct lending to fill the void left by BlockFi, Celsius
The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.
Maple Finance announces direct lending to fill the void left by BlockFi, Celsius
The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.
Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT
Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing.
Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT
A large part of the recent leg of Bitcoin’s (BTC) rally started after BlackRock filed to list a spot Bitcoin exchange-traded fund (ETF) on June 15. Several applications by other firms have been rejected by the United States Securities and Exchange Commission in the past. However, BlackRock’s filing has a 50% possibility of getting approved, said Bloomberg senior ETF analyst Eric Balchunas.
Another bullish catalyst for the cryptocurrency markets could be a filing by asset manager Fidelity Investments to launch its Bitcoin spot ETF. CoinShares Chief Strategy Officer Meltem Demirors said that firms managing $27 trillion of assets are “actively” pursuing efforts to allow their clients exposure in the crypto space.
Daily cryptocurrency market performance. Source: Coin360Most of the focus in recent days has been on institutional money but the retail trader’s power should not be underestimated. Fireblocks CEO and co-founder Michael Shaulov said in an interview with Cointelegraph that institutional entry may not boost prices higher because they are likely to do it in such a way as to avoid large price bursts. Shaulov said there was a significant inflow of institutional money in 2020 but the prices did not appreciate until retail investors entered.
Will Bitcoin and altcoins break out of their respective overhead resistance levels or could they start a short-term correction? Let’s study the charts of the top-10 cryptocurrencies to find out.
Bitcoin price analysis
Buyers tried to catapult Bitcoin above the overhead resistance of $31,000 on June 27 but the bears did not budge. This keeps the price stuck inside the tight range between $31,000 and $29,500.
Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT
Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing.
Staked ETH surpasses 23 million in June — Nansen
Ethereum's staking ratio continues to rise since the network upgrade in April.
Staked ETH surpasses 23 million in June — Nansen
Ethereum's staking ratio continues to rise since the network upgrade in April.
Will Bitcoin ever trade below $27,000 again?
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin will ever be below $27,000 again. Have you missed your chance to purchase some sats at sub $30,000 levels?
Will Bitcoin ever trade below $27,000 again?
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin will ever be below $27,000 again. Have you missed your chance to purchase some sats at sub $30,000 levels?
Israeli authorities seize crypto from terror organizations, credit new technology
The Israeli Ministries of Defense and Justice and a number of intelligence and enforcement agencies collaborated, Chainalysis also pitched in.
CFTC issues $54M default judgment against trader in crypto fraud scheme
As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body.
$7.8B lost in crypto ponzi and pyramid schemes in 2022: Report
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn.
Bitcoin ETF race gets hotter as ARK Invest adds surveillance agreement to application
ARK Invest and 21Shares' third application for a spot Bitcoin ETF now includes a surveillance sharing agreement.
Bitcoin ETF race gets hotter as ARK Invest adds surveillance agreement to application
ARK Invest and 21Shares' third application for a spot Bitcoin ETF now includes a surveillance sharing agreement.
Bitcoin price clings to $30K as Fed's Powell stresses more rate hikes
There's no room for slacking when it comes to monetary policy tightening, Powell says, as Bitcoin takes a breather from yearly highs.
Bitcoin price clings to $30K as Fed’s Powell stresses more rate hikes
Bitcoin (BTC) staged another retest of $30,000 support on June 28 as the United States Federal Reserve stayed hawkish on inflation.
BTC/USD 1-hour chart. Source: TradingViewPowell on rate hikes: “More restriction coming”
Data from Cointelegraph Markets Pro and TradingView showed BTC price action sticking to a narrow range at the Wall Street open.
This accompanied fresh comments on economic policy from Fed Chair Jerome Powell.
Speaking during a two-day discussion with other central bank heads at the European Central Bank Forum on Central Banking 2023 in Sintra, Portugal, Powell reiterated Fed consensus for further interest rate hikes this year.
Having paused the hiking cycle, which began in late 2021, this month, Powell nonetheless stressed that there was still room for further policy tightening.
MicroStrategy buys $347M worth of Bitcoin amid market thaw
"DCA works," wrote Binance CEO in response to the purchase.
MicroStrategy buys $347M worth of Bitcoin amid market thaw
"DCA works," wrote Binance CEO in response to the purchase.