Cryptocurrency Market

  • Market Cap: $2,405,995,182,768.16
  • 24h Vol: $53,737,611,548.03
  • BTC Dominance: 56.53%

financial system

coinbase-files-legal-action-against-sec-over-lack-of-regulatory-clarity

Coinbase Files Legal Action Against SEC Over Lack of Regulatory Clarity

On April 24, 2023, Coinbase announced that it had filed an action in federal court requesting the U.S. Securities and Exchange Commission (SEC) to respond to their petition. The petition, submitted in July 2022, requested the commission to propose and adopt rules governing the regulation of digital assets. Coinbase Requests SEC to Respond to Petition […]

Coinbase Files Legal Action Against SEC Over Lack of Regulatory Clarity Read More »

cbdc-debate-heats-up:-bis-project-sparks-controversy-among-critics;-lynette-zang-warns-of-dangers-of-cbdcs

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs Read More »

economist-paul-krugman-criticizes-florida-gov.-ron-desantis’-opposition-to-central-bank-digital-currency

Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency

Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and

Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency Read More »

blackrock-ceo-expects-inflation-to-persist,-but-no-major-us-recession-in-2023

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023

Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.”

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023 Read More »

russian-central-bank-attributes-recent-ruble-depreciation-to-lower-forex-sales-by-exporters

Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters

The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s overall volumes. Temporary Reduction in Sale of Foreign Exchange The Russian central

Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters Read More »

pheu-thai-candidate-promises-digital-currency-airdrop-of-$300-to-every-citizen-in-thailand-if-elected

Pheu Thai Candidate Promises Digital Currency Airdrop of $300 to Every Citizen in Thailand if Elected

A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a minister within the prime minister’s office in Thailand is concerned and has explained that the

Pheu Thai Candidate Promises Digital Currency Airdrop of $300 to Every Citizen in Thailand if Elected Read More »

hidden-treasure:-every-modern-copy-of-macos-contains-a-copy-of-bitcoin’s-white-paper

Hidden Treasure: Every Modern Copy of macOS Contains a Copy of Bitcoin’s White Paper

On April 5, 2023, the independent blogger Andy Baio published a post on his Waxy Blog that explained every version of macOS from Mojave 10.14.0 to the current version hosts a copy of Satoshi Nakamoto’s seminal Bitcoin white paper. Mac users can type a simple command in the terminal, and all nine pages describing Nakamoto’s

Hidden Treasure: Every Modern Copy of macOS Contains a Copy of Bitcoin’s White Paper Read More »

march-bitcoin-mining-stats-show-climbing-revenue-and-hashrate-highs

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs

According to statistics, 4,498 blocks have been mined in the last 30 days, creating 28,112 new bitcoins over the past month. Bitcoin’s network hashrate has been around 341 exahash per second (EH/s) during the last 2,016 blocks or the last two weeks. This month, the mining pools Foundry USA and Antpool dominated the pack, accounting

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs Read More »

law-firm’s-white-paper-claims-us-bank-regulators-are-waging-a-‘clandestine-financial-war’-against-crypto-businesses

Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with

Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses Read More »

biden-administration’s-economic-report-deems-crypto-assets-‘mostly-speculative-investment-vehicles’

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ Read More »