The stablecoin wars are heating up, and American digital asset custodian BitGo is the latest to join the fray with Wednesday’s launch of its new U.S. dollar-pegged coin. Dubbed USDS, the asset will prioritize “fairness, transparency, and market neutrality,” BitGo said in a statement. USDS will be available in January 2025, the firm said, with rewards promised to users. The…
Today, the cryptocurrency market observed significant movements with noteworthy price changes across various digital assets. Bitcoin (BTC) experienced a slight increase, trading around $30,000, reflecting investor confidence despite recent market volatility. Ethereum (ETH) followed a similar trend, climbing to $1,900, driven by ongoing developments in DeFi projects. Ripple (XRP) surged by 10% amid positive legal developments, while Cardano (ADA) saw…
Richard Schueler, aka Richard Heart, is already at the center of an SEC suit. Now he has issues in Finland, his chosen country of residence. Source: https://cointelegraph.com/news/richard-heart-tax-evasion-finland-sec-suit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Despite the growing success of Bitcoin ETFs, many financial advisors remain hesitant to discuss cryptocurrency with their clients. This reluctance can be attributed to several factors including regulatory uncertainties, market volatility, and a lack of comprehensive understanding of the crypto space. One of the primary concerns for advisors is the regulatory landscape. The lack of clear regulations around cryptocurrencies makes…
Bitcoin prices dropped significantly after news emerged about repayments related to the infamous Mt. Gox hack. The repayment process, which involves distributing a large amount of Bitcoin to creditors, has caused a ripple effect throughout the cryptocurrency market, unsettling investors. Mt. Gox, once the largest Bitcoin exchange in the world, filed for bankruptcy in 2014 after losing 850,000 Bitcoins in…
The cryptocurrency market has been a hotbed of activity, marked by significant volatility and a flurry of new developments. Bitcoin (BTC), the leading digital currency, continues to dominate the market, but other cryptocurrencies like Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are also making significant strides. Bitcoin’s recent surge to new all-time highs has captured the attention of both retail…
Thanks to improvements made to Tezos’ reward issuance mechanism, which were brought on by the Paris Protocol update, you can now earn more on your XTZ when you stake with Kraken. Kraken is introducing Bonded staking for XTZ, which will allow XTZ holders to earn 12-16% APR on their coins. While Kraken has supported flexible staking for XTZ since December…
GameStop CEO Ryan Cohen agreed to pay a nearly $1 million civil penalty Wednesday to settle Federal Trade Commission (FTC) allegations that he unlawfully bought Wells Fargo securities. The agency said that Cohen violated the Hart-Scott-Rodino Act, which requires investors to disclose purchasing large amounts of securities in a press release. Allegedly, Cohen did not disclose that he purchased more…
The latest Cointelegraph video discusses one of the most dangerous crypto scams, ‘Pig Butchering,’ where victims are lured into fake investment schemes. Source: https://cointelegraph.com/news/inside-pig-butchering-scam-real-stories-from-victims?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s market is currently experiencing a period of stagnation, characterized by minimal capital inflows and outflows. According to an onchain analysis from Glassnode, researchers highlight that this inactivity may lead to heightened volatility in the near future. Glassnode Analysis Warns of Potential Volatility Glassnode’s report with researchers Ukuria OC and Cryptovizart reveals that demand for […] Source: https://news.bitcoin.com/bitcoin-market-stagnation-signals-potential-for-future-volatility-report-shows/
