SUI, the native cryptocurrency of the eponymous network, has seen a significant rise in price and is one of the best-performing digital assets in recent weeks. The bullish momentum is driven by an increase in the activity of its ecosystem and the implementation of a technological update. As reported by CriptoNoticias, Grayscale, a digital asset … Read more
Key facts: Tom Emmer calls Gensler “the most destructive chairman the SEC has ever had.” Patrick McHenry criticises the lack of clarity in regulations, and calls for precise definitions. As expected, the five commissioners of the US Securities and Exchange Commission (SEC) appeared before the House Financial Services Committee today. It was a hearing in … Read more
Bank of New York Mellon (BNY Mellon), the oldest bank in the United States, announced its plan to implement custody services for bitcoin (BTC) and ether (ETH), specifically for exchange-traded fund (ETF) investors. This development represents a milestone in the adoption of cryptocurrencies by traditional financial institutions. The BNY Mellon’s decision is based on a … Read more
The developer team behind bonk (BONK), a memecoin on the Solana network, has revealed plans to launch an exchange-traded product (ETP) in the United States. During an event called Solana Breakpoint, BONK’s main contributor Nom None, advancement“We are proud to announce that we are working with an incredible team to launch the first BONK-based ETP.” … Read more
Key facts: According to the congressmen, this regulation turns the capacity of cryptocurrency custody “upside down.” They criticise that the regulations were issued without consulting any of the prudential regulators. In a letter to Securities and Exchange Commission (SEC) Chairman Gary Gensler, a group of 42 Republican lawmakers, led by Patrick McHenry (R-NC) and Senator … Read more
Amid slowing growth and low investor confidence, the Central Bank of China (PBOC) announced the implementation of one of the largest stimulus packages since the start of the Covid pandemic in 2020. Unlike Western countries, its main objective is to counter deflation. As reported by PBOC Governor Pan Gongsheng, the goal is to bring annual … Read more
The US Federal Reserve (Fed) has cut its interest rate by 0.5 percentage points, bringing it to 5.0%. This is the first reduction since 2020 by the agency led by Jerome Powell. As reported by CriptoNoticias, bitcoin (BTC) and cryptocurrencies reacted with high volatility after the agency’s decision was announced. In contexts of lower interest … Read more
Key facts: US interest rate cut marks turning point for volatile assets. Bitcoin soared above $63,000 after rate cut The US Federal Reserve (Fed) has decided to cut interest rates by 0.5 points, bringing them to 5%. Markets reacted with high volatility after the announcement, although doubts remain as to what direction the economy of … Read more
Kamala Harris, the Democratic candidate for US president, has announced her commitment to the cryptocurrency and artificial intelligence (AI) sectors, noting that if elected in November, she will invest more in both niches. “I will bring together workers, small business founders and innovators, and large companies. We will partner to invest in America’s competitiveness, to … Read more
While many expect Donald Trump (Republican candidate), with his deregulatory approach, to be Bitcoin’s best ally, asset manager VanEck suggests that Kamala Harris (Democratic candidate), could be more beneficial to the digital currency than the former president. How is this possible? VanEck, through a report Led by Matthew Sigel, Director of Digital Asset Research, and … Read more