Crypto businesses are seeking access to the US Federal Reserve’s (FED) payments systems that legacy finance institutions use to move money around swiftly. However, in a bid to protect their privileged position in the US financial system, banks are protesting against providing crypto companies with such access. Some of the major crypto firms that aim to […]
During the market crash in March, bad actors stole $8.3 million from DeFi protocol Maker DAO. Latest research from analytical company Blocknative suggested that it was made possible by manipulating the Ethereum (ETH) mempool. 1/14 Just published: “Evidence of Mempool Manipulation on […]
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A lull is expected on the financial markets today due to a shortened trading week related to the Easter holiday celebrations. It is reasonable to assume that traders will get a “breather” after a news-heavy April, which caused a volatile “shakeout” in the stock markets. US Stock Markets On Wednesday, Federal Reserve Chair Jerome Powell […]
Crypto markets steadily rose in Asian morning hours Thursday after a sell-off the night before as Fed chair Jerome Powell dashed hopes of early rate cuts as global markets reel from the impact of newly-levied U.S. tariffs. Bitcoin (BTC) added 2% in the past 24 hours, data from CoinGecko shows, touching nearly $84,500. Ether (ETH), […]
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Mantra DAO’s token OM dropped an eye-watering 95%, wiping out an estimated $6 billion in value in under an hour, marking the fastest and most severe single-asset collapse in DeFi history, second only to Terra LUNA’s fall from grace. This event will chant its way into crypto history books alongside LUNA, albeit for different reasons. […]
Regulation continues to be a hot-button issue as far as cryptocurrencies are concerned. This week, Patrick McHenry, a Republican member of the House of Representatives, introduced the Clarity for Digital Tokens Act of 2021. This bill looks to establish a safe harbor for digital tokens in the United States. A Safe Space for Development McHenry, […]
Dogecoin (DOGE), often dubbed “the people’s cryptocurrency,” has seen dramatic price movements fueled by community engagement, endorsements from high-profile figures like Elon Musk, and increasing utility as a payment option. However, the question of whether DOGE can realistically hit $5 involves careful consideration of multiple factors, including market dynamics, adoption rates, and macroeconomic conditions. Factors […]