Senators Kirsten Gillibrand and Cynthia Lummis of the United States have proposed a new law to create guidelines for managing digital currencies called payment stablecoins. The law intends to prevent the use of “unsecured, algorithmically managed stablecoins,” a possible reference to TerraUSD (UST) losing its peg to the US dollar in 2022. Issuers must keep … Read more
The Digital Payments Plan from South Africa’s Reserve Bank has been unveiled, aiming to achieve the objectives of their 2015 Vision 2025 strategy. The country’s progress in embracing digital payment methods has been “relatively slow,” according to the report. To make up for lost time, potential strategies were explored, such as implementing cryptocurrencies and central … Read more
For the second week in a row, there have been decreases in investments towards digital asset funds. Data from CoinShares, a digital asset investment firm, indicates a total withdrawal amount of $206 million during the period between April 15-19. Over the last seven days, a total of $192 million worth of Bitcoin (BTC) funds left … Read more
Last week, the S&P 500 Index (SPX) dropped 3.05%, while expectations for US Federal Reserve rate reductions lessened due to rising inflation figures. On the other hand, Bitcoin (BTC) experienced a smaller decrease of only 1.1%. This suggests that Bitcoin held up well during this period. Charles Edwards, founder of Capriole Investments, mentioned in a … Read more
Exec highlighted that Bitcoin halving slowed down the network. Schiff sees a somber future for the king coin. In April, the long-awaited Bitcoin [BTC] halving came to an end, sparking great interest and anticipation. Various analysts and industry professionals voiced their positive outlook on the future of this digital currency. Yet, it’s important to note … Read more
On April 21, Bitcoin (BTC) achieved its highest closing price in more than ten days, surpassing the $65,000 mark once again. The BTC price had dipped to a low of $64,346 on that day but subsequently increased by 3.5%, peaking at $66,527 during intraday trading on April 22. The cryptocurrency market data from CryptoMoon Markets … Read more