In a decisive moment during a Senate Banking Committee hearing, Federal Reserve Chair Jerome Powell articulated a firm position against the introduction of a Central Bank Digital Currency (CBDC) during his tenure. This proclamation marks a significant pivot away from earlier explorations concerning the potential benefits of a digital dollar. Responding to Republican Senator Bernie
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In a significant move for traders across the globe, Binance, the largest cryptocurrency exchange by trading volume, announced the addition of several new trading pairs, namely QTUM/TRY, TRUMP/EUR, and VTHO/TRY. Set to go live on February 12, this expansion speaks volumes about Binance’s strategic approach to enhance user engagement and capitalize on emerging market trends.
In a notable move, the US Securities and Exchange Commission (SEC) and Binance recently submitted a request to suspend their ongoing lawsuit for a period of 60 days. This development, revealed through a filing dated February 10, highlights a strategic pause in legal proceedings due to the establishment of a new cryptocurrency task force under
As the cryptocurrency landscape evolves, Ethereum (ETH) has emerged as a focal point for traders and investors alike, particularly with recent analyses indicating a potential breakout. According to prominent crypto analyst Captain Faibik, those who hesitate to invest in Ethereum at this juncture risk missing out on significant gains in the future. He suggests that
In the ever-evolving world of cryptocurrencies, Bitcoin continues to remain a focal point for both investors and analysts. Recently, one such analyst, known as Crypto Michael, gained attention for accurately predicting Bitcoin’s price movement from a low of $15,400 to a staggering peak of $100,000. This bold forecast has set the stage for new predictions,
Bitcoin, the leading cryptocurrency, has seen a resurgence in its price, briefly exceeding the $98,000 mark. This positive movement comes in stark contrast to its recent volatility, where it saw a fluctuation between $102,000 and $92,000 last week. Currently, Bitcoin appears to be struggling to maintain its upward momentum. After a brief attempt to surpass
The cryptocurrency landscape is experiencing rapid transformations, highlighted by recent developments from Grayscale, a prominent crypto asset manager. On February 10, the firm took a significant step by filing for a Cardano exchange-traded fund (ETF) with the New York Stock Exchange (NYSE). This initiative marks a notable expansion of Grayscale’s influence in the regulated crypto
In a significant leap forward for the cryptocurrency ecosystem, Grayscale Investments has recently filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) for a spot Cardano (ADA) exchange-traded fund (ETF). This momentous filing distinguishes itself as the first attempt to introduce ADA into the U.S. spot ETF landscape and comes against the
As the cryptocurrency landscape continues to evolve, so too do the prospects for exchange-traded funds (ETFs) linked to various altcoins. Bloomberg ETF analysts Eric Balchunas and James Seyffart recently provided a detailed forecast on the approval odds for spot altcoin ETFs by 2025. Their latest analysis indicates that while Litecoin (LTC) stands out with a
Cardano, like many cryptocurrencies, has lately found itself grappling with significant fluctuations in its market values, resonating with a broader trend of uncertainty that has enveloped the entire cryptocurrency sphere. Since December, when a notable downturn began, Cardano has experienced a staggering decline of over 61%. This plunge has raised alarm bells among investors who
