Cryptocurrency Analysis and News Portal
Investigations into the collapse of Signature Bank point toward illiquidity circumstances and poor management. However, the Federal Deposit Insurance Corporation (FDIC) chairman, Martin Gruenberg, believes the bank’s failure to understand the risks associated with cryptocurrencies expedited its fall.Speaking at a recent United States House of Representatives Financial Services Committee hearing
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Amid mounting debt-limit default risks, US investors have turned to Bitcoin as ‘digital gold’ to better hedge their savings. Amid rising debt-limit default risks, Bitcoin (BTC) is the preferred safe-haven asset compared to other established global fiat currencies. A recent report stated that investors have turned to BTC to hedge their investments, compared
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Two United States Senators from opposite sides of the political aisle have reintroduced legislation from 2022 aimed at mitigating perceived risks posed by El Salvador’s adoption of Bitcoin as a legal currency.Congressional records showed Idaho Senator James Risch and New Jersey Senator Bob Menendez introduced “a bill to require reports
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Bitcoin (BTC) headed toward $27,000 after the May 11 Wall Street open as bulls failed to show strength.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price "rolls over" after brief recoveryData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it risked a further loss of support.After a modest recovery from
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Amid the current banking crisis in the United States, stablecoin issuers like Tether and Circle have been moving their reserves to the safest instrument i.e. US Treasury. In a recent development, USDC stablecoin issuer Circle has reported that it has recently adjusted its reserve treasury in order to avoid the risks
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The top Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos resulting from a U.S. default. He further cautioned that the U.S. dollar’s reserve currency status could be eroded if the U.S. defaults on its debt obligations. U.S. Lawmaker’s Debt Default Warning Congressman
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Bitcoin (BTC) treaded water below $28,000 on May 9 as markets prepared for macroeconomic data releases.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin stays muted on eve of CPIData from Cointelegraph Markets Pro and TradingView showed BTC/USD acting near $27,700 at the day’s Wall Street open.The pair had seen deeper losses
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However, the good times may stop rolling if the heavily shorted U.S. dollar, which has recently found a "double bottom" price floor against major fiat currencies, sees a short squeeze – a rally powered by an unwinding of bearish bets, as per Singapore-based options trading firm QCP Capital. Source
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A commissioner of the United States Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means of managing the risks associated with digital assets. The statement was made during the keynote speech on Illicit Finance and Other Key Risks of Digital Finance
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Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$26,600 becomes popular BTC price targetData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose to circle $27,700 at the time of writing.Up around 2.5% from
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