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Bitcoin
SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated that the crypto industry is filled with instances of abuse and fraud, citing a significant number of bankruptcies in recent years. He also cautioned…
Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative
The government of Hong Kong has announced Project Ensemble, an initiative that will test the functionality of a wholesale central bank digital currency (WCBDC) and the movement of tokenized deposits. If there is “sufficient…
Egypt Devalues Currency, Raises Interest Rates to Fulfill Key IMF Aid Requirement
Authorities in Egypt recently allowed the local currency’s exchange rate versus the U.S. dollar to decrease by more than 60%. Additionally, the central bank raised interest rates by 600 basis points. Both steps were key conditions set by…
Blackrock Explores Bitcoin ETP Investments for Global Allocation Fund
In a significant development, Blackrock, the world’s largest asset manager, has amended its prospectus for the Blackrock Global Allocation Fund to potentially include investments in bitcoin exchange-traded products (ETPs). This move,…
Anthony Pompliano Predicts Bitcoin’s Price Could Double Soon; Leading Crypto Could Eventually…
In a CNBC interview, Pomp Investments’ Anthony Pompliano delivered an optimistic forecast for bitcoin, suggesting a potential rise to $138,000 per unit shortly. He pointed out that historically, bitcoin has doubled its value within…
Email Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy
In an email found within the motion by Digital Currency Group (DCG) and Barry Silbert to dismiss the lawsuit initiated by the New York Attorney General, discussions of a potential merger between Gemini and Genesis were revealed before…
Goldman Sachs Reevaluates Coinbase, Eyes Neutral Stance Amid Crypto Surge
In a significant shift, Goldman Sachs has upgraded its rating on Coinbase shares from selling to neutral, citing a surge in crypto prices and record-breaking daily volumes. The adjustment to a $282 price target reflects the bank’s…
From Laughs to Loot: Meme Coins FLOKI and PEPE See Explosive Growth Amidst Crypto Surge
On Friday, bitcoin and ethereum experienced modest upticks, registering increases of 2% to 5%, respectively. Meanwhile, the meme coin FLOKI has soared by 70% in the last 24 hours, with PEPE also making notable gains of 32.7%. Friday saw…
‘Groundhog Day’ in Crypto as Bitcoin Again Plunges Following New Record
Bitcoin briefly rose above $70,000 Friday, but immediately tumbled to $67,000, repeating Tuesday's action.
Bitcoin Sets New Record, Climbs Above $70,000 Mark; Ethereum Hits $4K Milestone
Bitcoin has once more surpassed its previous highest point of $69,210, established on March 5, 2024, as documented by Bitstamp. Currently, the digital currency holds steady above the $68,000 mark, having outdone its prior peak and ascended…