In a significant development within India’s crypto landscape, the Securities and Exchange Board of India (SEBI) has recommended the involvement of several regulators to oversee crypto trade nationwide. This move has sparked considerable interest within India’s crypto community, given the RBI’s historically strict control over digital assets. Since 2018, the Reserve Bank of India (RBI) … Read more
The long-awaited approval of spot ether (ETH) exchange-traded funds (ETFs) in the U.S. could drive a rally of as much as 60% in the second-largest cryptocurrency in the coming months, according to QCP Capital’s Thursday broadcast on Telegram. The Singapore-based firm’s forecast echoes the market reaction after spot bitcoin ETFs were approved in January. Bitcoin … Read more
Donald Trump’s presidential campaign announced Tuesday that it would begin accepting cryptocurrency donations to build what it calls a “crypto army” leading up to Election Day. The Trump campaign has launched a fundraising page that allows “any federally permissible donor the ability to give” to its political committees using any crypto asset accepted through the … Read more
Solana’s SOL token is riding a wave of bullish sentiment, recently reclaiming the $160 value mark and trading around $166 at press time. The asset has surged over 6% today and nearly 16% in the past week. Solana is back in the spotlight with its trending price momentum, aiming to breach new price highs. The … Read more
The U.S. House of Representatives is on the verge of a vote that may represent the closest the cryptocurrency industry has ever been to achieving regulatory success in the U.S. Leading industry associations and top companies are urging House leaders to support this crucial effort. Through the Crypto Council for Innovation, a coalition of digital … Read more
President Joe Biden issued an order on Monday, effectively blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, citing its proximity as a national security risk. The order mandates the divestment of property currently operated as a crypto mining facility near the Francis E. Warren Air Force Base. MineOne … Read more
Investments in digital assets have witnessed a staggering $12 billion of net inflows year-to-date, according to a research report released by JPMorgan Chase & Co. (JPM) on Wednesday. The report suggests that if this pace of inflows continues, the figure could soar to a remarkable $26 billion by the end of the year. Leading the … Read more
Jeremy Allaire is the CEO of stablecoin issuer Circle. He says that stablecoins could be 10% of “global economic money”. This could happen in the next decade or more. This may seem like a bold claim. Allaire pointed to several factors that could trigger a big jump in stablecoin use. It could happen over the … Read more
In a display of resilience and strength, Bitcoin (BTC) rebounded in early trading on Monday, inching past the $69,900 mark after Friday’s five percent dip and a weekend of sideways trading above $69,000. This recovery comes amidst significant macroeconomic events and a continued influx of capital into spot Bitcoin ETFs. Macro Factors and Market Sentiment … Read more
The cryptocurrency space could be on the verge of a massive influx of capital from the $20 trillion financial advisory industry in the United States, once regulators clear up the lingering legal uncertainties, according to Matt Hougan, chief investment officer at crypto asset manager Bitwise. In a post published on June 4, Hougan asserted that … Read more