“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss how the United States Federal Reserve and its chair, Jerome Powell, influence the crypto market. But first, the Cointelegraph experts analyze the latest news in the market. Will Bitcoin’s uphill battle continue? And will LUNA 2 be able…
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The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse. Source link
Bitcoin (BTC) fell in line with United States equities on May 31 as the return of Wall Street began with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks take BTC price south again Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to near $31,000 at the start of trading after markets returned…
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In the precariousness of Web3 open-source code, iterative development and “move fast” ethos, things break. And through breaking, things are also made. A new project allows anyone to create a copy of someone else’s NFT, aptly named “Mimics.” But how does Mimics work, and what does it mean for the NFT art market to have…
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Bitcoin’s (BTC) price dropped by more than 50% after peaking out at $69,000 six months ago but the plunge did little in forcing some of its wealthiest investors into selling. Notably, the number of Bitcoin under Coinbase Custody for institutional clients rose by 296% since Q4 2020, showcasing the most investors decided to “hodl” onto…
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The Department of Economic Affairs of India is finalizing a consultation paper on crypto currencies, which then will be handed over to the federal government. The implementation of the document could bring the country of 14 billion people closer to the international regulatory consensus on digital assets. On Monday, May 30, during an event hosted…
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The Philippine government has started its exploration of blockchain technology use cases, launching a training program for researchers in the government’s Department of Science and Technology (DOST). Enrico Paringit, a DOST official, reportedly said that the goal of the training is to see how blockchain can play a role in areas like healthcare, financial support…
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Bitcoin (BTC) put in fresh gains overnight into May 31 as the monthly close looked set to seal losses of around 15%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Asks stack up above $33,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating once more after a fresh burst took it to $32,200 on Bitstamp.…
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Panama’s path to crypto adoption is stepping up a gear. Towerbank, a Panamanian financial institution with over 200 employees and 40 years of banking experience, has declared itself Bitcoin friendly (BTC), paving the way for crypto accounts. In a series of tweets and leaks from a blockchain meetup in Panama’s capital, Panama City the bank…
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The China state-owned media outlet the Economic Daily has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and stablecoins due to the collapse of the Terra ecosystem. In an article published May 31, the outlet detailed the collapse of TerraUSD (UST) and Luna (LUNA) explaining the workings of the algorithmic stablecoin.…
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