Cryptocurrency

UK Central Bank, BIS Showcase Project for Monitoring Stablecoin

[ad_1] A joint effort by the Bank for International Settlements and the Bank of England has shown it can deliver near real-time data on stablecoins’ liabilities and the assets backing them. Dubbed Pyxtrial, the initiative could also extend to monitoring other tokenized products backed by real-world assets in an attempt to address major challenges for […]

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Lawmakers Urge US To Treat Binance Exec Detained In Nigeria As Hostage

[ad_1] Two U.S. Congressmen have submitted a resolution to the House Committee on Foreign Affairs urging the government to consider a Binance executive detained in Nigeria as a hostage. In the resolution, Rep. French Hill (R-AR) and Rep. Rich McCormick (R-GA) demanded the release of Binance’s head of financial crime compliance Tigran Gambaryan, a U.S.

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Bitcoin Could Boom If US Recession Worse Than Projected, Says Analyst

[ad_1] In a confluence of economic factors, the United States appears to be headed for a stronger-than-anticipated recession, which could force the Federal Reserve’s hand on rate cuts, according to Valentin Fournier, an analyst at BRN. This scenario, while grim for the broader economy, holds potential for a significant Bitcoin rally, pushing the cryptocurrency past

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Bitcoin Bounces Above $59,000 As Fears On Germany’s Sales Fade

[ad_1] The crypto market witnessed a revival late Tuesday evening, regaining some ground lost during the U.S.’s 4th of July celebrations. Bitcoin rose 5%, reaching as high as $59,300 before retracing slightly. The asset is trading at $59,000, CoinGecko data shows. Market participants continue to divine the impact stemming from the eventual sale of Bitcoin

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Tech Coalition Urges Biden to Back Crypto Regulation Ahead of US Presidential Election

[ad_1] The Chamber of Progress, a tech industry coalition, has called on President Joe Biden to support comprehensive crypto regulation, framing it as a crucial step in his administration’s bid to engage young voters ahead of the upcoming U.S. presidential election. In a letter on Tuesday, the chamber emphasized the growing importance of digital assets

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Germany Moves Another $28 Million in Bitcoin to Bitstamp, Coinbase

The German government continued to move Bitcoin from its holdings to crypto exchanges Monday morning, transferring BTC worth over $28 million to Coinbase and Bitstamp. Addresses linked to the German government by crypto analytics firm Arkham moved 250 BTC each to Coinbase and Bitstamp. A further 500 BTC worth $28 million was also sent to

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US Election: Could Crypto Influence Voter Sentiment?

[ad_1] A new survey from Grayscale has shown a massive spike in cryptocurrency interest from potential US voters. The results, which come out just a few months before the highly anticipated Biden-Trump presidential debate, paint a picture of a country in flux and badly in need of alternative investment options. Nearly a quarter of voters

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Second-Largest European Bank BNP Paribas Bought BlackRock Bitcoin ETF Shares: SEC Filing

[ad_1]   We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Multinational bank BNP Paribas purchased shares in BlackRock’s iShares Bitcoin Trust (IBIT), according to a form 13F filing with

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Crypto Exchanges Hit $2.3 Trillion In Q1: Binance’s Dominance Surges

[ad_1] Crypto trading peaked during the first quarter of 2024, as it did in November 2021. CoinGecko published an extensive report showing that $2.3 trillion in volume was traded across the top ten centralized exchanges during this time period alone, thus demonstrating the continuing importance of centralized platforms within the crypto industry. Did you know?

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