Markets

As global influencers rubbed elbows at Davos, the IMF issued recommendations for crypto to global regulators. Depending on who you ask, crypto regulation could hurt the industry or open up vast new markets for normie investors. In a note published over the week, the International Monetary Fund wrote: “During times of stress, we’ve seen market failures of stablecoins, crypto-focused hedge funds, and crypto exchanges, which in turn raised serious concerns about market integrity...

Circle – the issuer of the second largest stablecoin by market cap, USDC – is preparing to launch a permissionless protocol for letting users transfer their stablecoins between blockchains.  The company said the protocol can be embedded into dapps, and provide the most “capital efficient” path for cross-chain USDC transfers. Bridging USDC In a tweet on Monday, Circle CEO Jeremy Allaire said the Cross-Chain Transfer Protocol (CCTP) will “help foster more scalable, efficient,...

Erik Voorhees, the CEO and founder of crypto exchange Shape Shift, sees bitcoin – the world’s number one digital currency by market cap – reaching a relatively modest price of about $40,000 at some point this year. Erik Voorhees: BTC Will Be at $40K 2022 was a rough period for bitcoin. The asset fell by more than 70 percent from its all-time high of $68,000 per unit and dropped into the mid-$16,000 range. Things have been bad for the currency and its altcoin cousins for...

2022 was a year wrought with bankruptcy and the exiting of several crypto companies, but many analysts do not feel this was necessarily a bad thing. Bankruptcy was Big in 2022, but Things Might’ve Been Better Than We Thought On the surface, one could argue that 2022 was the worst year for crypto since 2018. The price of bitcoin, for example, fell by more than 70 percent after the world’s number one digital currency by market cap hit a new all-time high in the final...

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Stellar lumen price started a fresh increase above the $0.085 resistance zone against the US Dollar. XLM price is now trading above $0.085 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.0875 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.0870 and $0.0850 support levels. Stellar lumen price is trading above $0.0880 against the US Dollar, similar to...

Ripple price is moving higher above the $0.385 level against the US dollar. The price is now trading above $0.385 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3910 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could gain bullish momentum if it clears the $0.4160 resistance zone in the near term. Ripple price is rising steadily above $0.390 against the US Dollar, unlike...

The non-profit organization – Stellar Development Foundation – announced joining a new advisory committee of the United States Commodity Futures Trading Commission (CFTC). According to the firm’s statement, SDF will be one of the four crypto-focused organizations at the Global Markets Advisory Committee (GMAC), which is one of the five active Advisory Committees overseen by the CFTC. The firm behind the Stellar blockchain will join representatives from traditional finance...

Most retail investors are still very much interested in investing in digital assets despite experiencing what is arguably the worst bear market in crypto history. According to a recent survey report by the social trading platform eToro, more than two-thirds, approximately 69%, of retail investors revealed that they are positive or have mixed feelings about the impact of the prolonged market downturn recorded last year. The remaining one-third, approximately 31%, stated that...

Shiba Inu was the most popular crypto in new wallets over the past week, an on-chain analytics firm recently found. Banking was a boring subject for the Baby Boomer generation, but in the Internet of programmable money, finance is fun. If asked to guess what they thought was the most popular first coin for new crypto adopters over the past week, many people would probably guess Bitcoin. But that doesn’t seem to be the case. Neither is it the number two crypto by market cap,...