US stablecoin bill to ‘cement’ dollar dominance, fight sanction evasion
The Lummis-Gillibrand Payment Stablecoin Act is a step in the right direction, but enactment in an election year may be difficult. Go to Source
Month: April 2024
Ethereum Technical Analysis: ETH’s Consolidation Phase Highlights Potential Downward Trajectory
As ethereum continues its price fluctuations, technical indicators on the 1-hour, 4-hour, and daily charts suggest a bearish outlook with mixed trading signals. Despite some bullish undercurrents, the predominant sentiment remains cautious. Ethereum Ethereum’s (ETH) price action has shown a downward trend on the 1-hour chart, marked by a series of lower highs and lower … Read more
Circle’s USDC overtakes Tether’s USDT in stablecoin transactions — Visa
Despite Circle’s rising transaction count, Tether’s USDT still accounts for over 68% of the entire stablecoin market. Go to Source
Omnity rolls out integration for no-fee Runes trading
Omnity protocol is launching an integration for trading of Rune tokens without gas or transaction fees. Go to Source
Crypto on track to hit 1 billion users by end of 2025: Analyst
More conservative estimates, from the likes of the Boston Consulting Group, predict that the crypto industry will reach its first billion users by 2030. Go to Source
Hong Kong spot crypto ETFs debut tomorrow: 6 things to know
Before the launch of spot cryptocurrency ETFs in Hong Kong, the city’s ETF market accounts for 0.6% of the entire U.S. ETF market. Go to Source
Bitcoin Technical Analysis: Persistent Bearish Trends Hinder BTC’s Recovery
As of April 29, 2024, bitcoin remains under considerable bearish pressure according to multiple indicators across different time frames. Currently trading at $62,279, bitcoin has shown a 24-hour range between $61,994 and $63,929. Bitcoin Bitcoin’s (BTC) daily chart presents a stark bearish trend with a series of lower highs and lower lows, suggesting that sellers … Read more
Taiwanese Prosecutors Indict 32 Individuals Implicated in $24.5 Million ACE Exchange Fraud Scheme
At least 32 individuals connected to the now-defunct Taiwan-based cryptocurrency exchange, ACE Exchange, have been indicted on fraud charges. Prosecutors have recommended 20-year jail terms for the founder, David Pan, and his business partner, while a 12-year jail term has been proposed for Chairman Wang Chen-huan. Token Prices Plummet Taiwanese prosecutors recently indicted at least … Read more
Filipinos face higher fees after Binance ban
Jay Ricky Villarante, the CEO of Moneybees, said that the decision to ban Binance reflects the importance of regulatory compliance and oversight in the industry. Go to Source
The rise of DePINs: From noise pollution sensors to robo-cafes
Decentralize with Cointelegraph dives into the inner workings of DePINs and how they leverage blockchain to revolutionize real-world applications. Go to Source