A group of Senate Republicans, led by Senator Ted Cruz of Texas, has taken legislative steps to limit the Federal Reserve’s ability to introduce a central bank digital currency (CBDC). This move brings attention to the issue as a possible focal point in the 2024 presidential campaign discussions. The proposed bill, known as the Central
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The rise of Bitcoin ETFs has caught the attention of analysts, with Bloomberg predicting that Bitcoin ETFs could potentially become larger investment vehicles than gold ETFs in as little as under 24 months. According to Bloomberg ETF analyst Eric Balchunas, Bitcoin ETFs have seen an influx of over $5 billion in inflows following their launch,
The Saudi Ministry of Culture, in partnership with droppGroup and Oracle, recently introduced the ‘Cultural Universe’, a national Metaverse project dedicated to exploring Saudi culture and heritage. This initiative, which utilizes droppGroup’s Generative Media Intelligence (GMI) AI system, droppPhygital, and Oracle’s Hyperledger Fabric 2.5 blockchain technology, was officially launched on February 22nd, coinciding with Saudi
The partnership between OVERDARE, KRAFTON, NAVER Z, and Circle Internet Financial marks a new era in the mobile gaming sector. By leveraging Circle’s Programmable Wallets, game content creators will now have access to secure in-game Web3 wallets to receive direct USDC payouts. This collaboration aims to revolutionize the way user-generated content is created and shared
In the world of cryptocurrency investments, it’s crucial to stay ahead of the curve and identify emerging opportunities that have the potential to deliver significant gains. With the recent surge in interest in meme coins, investors are constantly on the lookout for the next big thing that could offer substantial returns. One such coin that
Cryptocurrency enthusiasts are buzzing with excitement as the latest meme coin, Frog Wif Hat Token ($FWIF), makes its debut on the Uniswap decentralized exchange. In a matter of minutes, the price of $FWIF has skyrocketed by a staggering 226%, catching the attention of traders looking to capitalize on this sudden surge. To join in on
In recent times, Ethereum has witnessed a remarkable surge, surpassing key resistance levels like $2.8K and breaking through the significant milestone of $3K. This upward momentum indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3.6K as the next target. Upon closer examination of
Recent large Ethereum purchases attributed to a wallet potentially linked to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent, have sparked speculation within the cryptocurrency community. According to blockchain analytics firm Lookonchain, the suspected wallet acquired an additional 13,780 ETH, valued at approximately $41.24 million. This purchase adds to a total of
The outflows from Grayscale’s Bitcoin Trust (GBTC) appear to be decreasing, as indicated by the trading behavior of Bitcoin ETFs. This shift comes at a time when investor concerns regarding Grayscale’s Spot ETF seem to be diminishing, with the entire ETF sector continuously attracting substantial trading volumes and experiencing rapid growth in assets under management.
As the cryptocurrency market experiences fluctuations, Helium has seen a significant -5.3% price drop in the past 24 hours. This comes at a time when the broader DEPIN market is booming, with HNT price having climbed +227% over the last 3 months. Currently trading at $8.18, Helium has experienced a 24-hour change of -2.34%, indicating
In recent days, Hong Kong-based crypto exchange BitForex has raised concerns among its users as the platform appears to have gone entirely dark. The suspension of its website and trading application on Feb 23 has left users unable to initiate withdrawals or access the exchange. This comes as a shock, considering the exchange boasted over
The recent skyrocketing of FOMO coin seems to follow the typical pattern of a meme coin pump-and-dump scheme. Traders rushed to invest in the token after it gained traction on Crypto X (formerly Twitter), leading to a fear of missing out among potential investors. Despite climbing an incredible +80,114% in just two days and reaching
The price of Ethereum (ETH) has recently seen a significant spike, reaching over $3,100, which is close to a two-year high. This surge in price comes at a time when many other leading cryptocurrencies like Bitcoin (BTC), Solana (SOL), and Cardano (ADA) are showing little to no volatility, and in some cases, even minor losses.
The realm of cryptocurrency is fraught with scams and thefts, leaving victims reeling from the loss of millions of dollars to cybercriminals. However, amidst this chaos, on-chain researcher ZachXBT has emerged as a beacon of hope for those who have fallen victim to digital asset theft. His recent successful recovery of stolen funds from a