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As has been a familiar trend during the upswing over the past six weeks, a wave of sell orders was likely sitting close to a round number. When bitcoin approached $38,000, the sell orders took over, sending the price lower. That, in turn, triggered liquidations of leveraged long positions, sending
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After June gave Bitcoin (BTC) a boost with BlackRock’s application for spot Bitcoin exchange-traded fund (ETF), July sent its price into a summer slump. Only some altcoins managed to perform well in response to Ripple Labs’ partial victory against the United States Securities and Exchange Commission. XRP (XRP), the most
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Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH) are established cryptocurrencies that were also not immune to challenging market conditions marked by extended price dumps and slumping interest in the recent past. However, DigiToads, a new crypto project, plans to roll out distinctive features that leave an impression on the
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In Axiom’s vision, ZK proofs will be used for such authentication processes. Machine learning algorithms, some of which train themselves to generate images or text based on prompts, will be able to run off-chain, but when ZK proofs bring their results on-chain, users and smart contracts will be able to
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Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released Markets, Infrastructures and Payment Systems report for June 2023 has called on regulators to apply the same financial
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The 2022 crypto bank runs — caused by the failure of multiple ecosystem giants — have had a lasting impact on the crypto industry. A new research report from the Federal Reserve Bank of Chicago (FRBC) has identified several key factors and catalysts that accelerated last year’s crypto crisis.The report identified that
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Bitcoin's dominance rate is again stuck at 48%, suggesting a potential for "altcoin boom" in weeks ahead. Original Source
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Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking
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As the growing liquidity strain in the price of Bitcoin is a major concern, American banks are likely to start exploring new avenues to rebuild that part of the industry. The recent bank runs of American banks as recorded in March have fueled a massive pulldown on the liquidity base of
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Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds. Original Source
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