The market was blindsided by the sudden news that President Donald Trump named Kevin Warsh as his choice for the next Federal Reserve chairman, ending a months-long guessing saga. The US dollar rallied, bitcoin fell and the stock market became volatile as the news broke; Although the market may have stabilized a bit for now, […]
Citi (C) said the CLARITY Act remains the primary catalyst for legitimizing digital assets in the United States, but progress is being slowed by negotiations over its most controversial provisions. Even though the Senate Agriculture Committee has advanced its version of the bill, the bank noted that the Banking Committee still controls the most difficult
Citi (C) Says CLARITY Act Momentum Building, But DeFi Fight Could Block Crypto Bill Read More »
The knee-jerk reaction to Donald Trump’s choice of Kevin Warsh to replace Jerome Powell as head of the Federal Reserve is that the president made the most hawkish selection of the four announced finalists for the job. Following last night’s leak that Warsh was to be the pick, venture markets – crypto among them –
Cronos (CRO) fell 4.2% and Aave (AAVE) fell 3.7%, leading the index lower.
CoinDesk 20 Performance Update: Index Slips 1.9% as All Assets Trade Lower Read More »
The Lido Labs Foundation unveiled stVaults on the Ethereum mainnet on Friday. stVaults marks the move from a single product model to shared staking on the protocol by opening its infrastructure to external builders. Simply put, stVaults allows other teams to plug into the Lido staking system instead of building their own from scratch. Until
New Lido stVaults will allow L2s to create their own rules for Ethereum staking Read More »
BTCC Exchange Tokenized Metals Hit Record Daily Volume of $301 Million as Silver Rises Amid Global Uncertainty
Blockchain-based payments company Ripple earlier this week launched a new enterprise product, Ripple Treasury, aimed at helping businesses manage traditional cash and digital assets within a single system, following its $1 billion acquisition of treasury software company GTreasury last year. The platform allows corporate finance teams to transfer money across borders using Ripple’s RLUSD stablecoin,
XRP-Linked Firm Rolls Out Platform After $1B GTreasury Deal Read More »
:Crypto Daybook Americas By Omkar Godbole (All times ET unless otherwise noted) The crypto market’s woes on Thursday prompted industry heavyweights to go into “dive protection” mode, a term for coordinated measures aimed at stabilizing a sinking ship. As bitcoin neared $81,000, the lowest since November, and analysts warned of a deeper decline, Binance sprang
Market Fall Puts Giants in “Dive Protection” Mode: Crypto Daybook Americas Read More »
Crypto Market Liquidation Accelerated Overnight With Bitcoin BTC$82,875.66 and ether ETH$2,743.89 down a further 2.7% and 3.5%, respectively, since midnight UTC, making Thursday’s miserable session worse. The drop comes with heavy losses for precious metals, with silver now trading at $96 after a 20% decline from Thursday’s record $121. Gold fell back below $5,000 after
Bitcoin BTC$82,772.15 is on track to end January underperforming gold for the sixth straight month, as investors shrug off the largest cryptocurrency’s “digital gold” moniker and seek the safety of a metal that has historically been seen as a safe haven in times of economic and geopolitical turmoil. The bitcoin/gold ratio, the amount of gold
BTC/gold ratio nears 2019-style turning point after six red candles Read More »
