Research analysts at Deutsche Bank recently raised a red flag on the stablecoin market stating that most of the pegged currencies are likely to doom moving ahead. After studying nearly 334 currency pegs, Deutsche Bank found that only 14% of them have survived so far. “Some may survive, although most will likely fail,” the analysts […]
JUP Price Soars As Jupiter Founder Unveils Big Initiative
The price of JUP tokens has seen a notable surge in response to the recent announcement made by the Jupiter founder. This surge comes as the community eagerly anticipates the unveiling of the Jupiter Work Groups (JWGs) initiative, signaling optimism and enthusiasm among investors and stakeholders. The Jupiter Work Groups (JWGs) initiative, introduced by the […]
South Korea Unveils Regulation To Initiate Major Crypto Delisting
The financial regulators in South Korea are seeking to incorporate protocols for terminating the trading of currently listed cryptocurrencies. The upcoming “Best Practices for Compliance with the Virtual Asset User Protection Act” will mark the delisting of several cryptocurrencies. The regulators said that this crypto regulation will be out in early June. Components Of Upcoming […]
Shiba Inu Burn Jumps 70% With 27 Mln Tokens Burnt, SHIB To Hit $0.00001?
Shiba Inu, a cryptocurrency positioned as the self-proclaimed Dogecoin killer, curated a tidal wave of speculations across the broader crypto market today as it recorded a substantial upswing in its burn rate. According to the data unveiled by the burn tracker Shibburn, the Shiba crypto community jotted down the incineration of a staggering 27.28 million […]
IMF Calls for Nigerian Regulation of Global Cryptocurrency Exchanges
The International Monetary Fund (IMF) has recommended that Nigeria impose registration or licensing requirements on global cryptocurrency trading platforms. This advice follows the IMF’s 2024 Article IV consultation with Nigeria, a detailed analysis aimed at enhancing the country’s financial stability. The IMF’s latest staff report highlights the urgency of creating a robust regulatory framework for […]
Spot Bitcoin ETFs Just Broke A Massive Gold Record
In only one month, the spot Bitcoin ETF market has reportedly broken a record that took gold almost two years to achieve. Spot Bitcoin ETF Net Flow Hits $3B According to Senior Bloomberg ETF analyst Eric Balchunas, the net cumulative flows for the spot BTC ETFs approved by the United States Securities and Exchange Commission […]
Coinbase CLO Slams US SEC For Contradictions In Opposition To Appeal Request
Coinbase Chief Legal Officer (CLO) Paul Grewal has once again called out the United States Securities and Exchange Commission (SEC). This time, the legal veteran is concerned about the inconsistency in the regulator’s tone in its recent filing opposing its request for an Interlocutory Appeal. Coinbase CLO: We Need to Maintain Honest Conversations Recall that […]
U.S. Treasury Calls for Stronger Tools Against Crypto Crime Risks
In a significant move to bolster its fight against illicit finance, the U.S. Treasury has voiced its concerns regarding crypto crime to House lawmakers. The agency is pushing for enhanced legislative tools and resources to tackle these challenges effectively. The call for action was outlined by Brian Nelson, the Treasury’s Under Secretary for Terrorism and […]
Uniswap Founder Unveils Key Threat Behind Biden’s Potential US Election Loss
Uniswap founder Hayden Adams has recently brought to light a significant aspect of the cryptocurrency market that could potentially impact the upcoming U.S. presidential election. In a statement that reverberated throughout the industry, Adams emphasized the increasing adoption of digital currencies among adults and its potential ramifications for the political landscape. By highlighting the fact […]
Can Fed’s Preferred Gauge PCE Disappoint Too After CPI Comes In Hot?
The U.S. Federal Reserve mandates to bring inflation under the 2% target and the FOMC looks at key economic data such as PCE, CPI, and jobs for monetary policy decisions. Fed officials, economists, and analysts now look at personal consumption expenditures (PCE) as CPI and core CPI came in hotter. While investors reassess monetary policy prospects, […]