Cryptocurrency Analysis and News Portal
That position, which has become a chief talking point for Fed officials, had also been echoed the day before by Michael Barr, the board’s new vice chairman for supervision. Barr also said he didn’t feel a Fed decision on a digital dollar is urgent, and he said that if one
Read More
“Unlike private digital assets, a CBDC issued by the Federal Reserve would be backed by the full faith and credit of the U.S. government, like the dollar bills in our wallets,” said Rep. Maxine Waters, (D-Calif.), the chairwoman of the House Financial Services Committee, in a statement earlier this year.
Read More
Bitcoin (BTC) provided a long awaited breakout into Sept. 7 as BTC price action dashed bulls’ hopes of a recovery.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$23,000 relief bounce "still likely" says traderData from Cryptox Markets Pro and TradingView captured snap losses for BTC/USD later on Sept. 6, with overnight lows
Read More
Some analysts said impending monetary tightening could add to a global rout across major asset classes, including equities and crypto. Source
Read More
According to a new Twitter post, Jeremy Allaire, co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, said that the recent decision by Binance to merge stablecoin dollar books is "a good thing" for USDC. "This move would lead to a gradual net share shift from USDT to BUSD
Read More
The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among the four participants that are expected to help the
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
Read More
From a bearish perspective, there's a fair probability that the crypto market entered a descending channel (or wedge) on Aug. 15 after it failed to break above the $1.2 trillion total market capitalization resistance. Even if the pattern isn't yet clearly distinguishable, the last couple of weeks have not been
Read More
Bitcoin (BTC) faced familiar pressure on the Sept. 1 Wall Street open as the U.S. dollar hit fresh two-decade highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: DXY could hit 115 before 'slowdown'Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fell to $19,658 on Bitstamp, down 2.7% from
Read More
Bitcoin continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000. The cryptocurrency is moving about critical support, but macroeconomic factors threaten to push it into previous lows. At the time of writing, Bitcoin (BTC) trades at $19,700 with a 1% and
Read More