Markets

The leading stablecoin by market capitalization — backed by reserves of cash and money market cash equivalents — USDT has a market cap of approximately $83 billion at the time of this writing. Paolo Ardoino is the chief technology officer (CTO) for Bitfinex and its stablecoin, Tether (USDT). Paolo is a well-known full-stack programmer with deep experience in the financial sector (FIX protocol, Bloomberg API), he describes himself as an innovative computer scientist and...

Solana price extended decline below the $92 support against the US Dollar. The price is now trading below $90 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $90.00 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $90 and $92 to start a fresh recovery wave in the near term. Solano price is struggling below $92 against the US Dollar, similar to bitcoin. SOL could decline...

Bitcoin price extended decline below the $37,800 zone against the US Dollar. The price is now trading below $38,500 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $39,380 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a steady increase if there is a move above the $39,000 level. Bitcoin price is struggling below $39,000 against the US Dollar. BTC might extend losses if...

On May 3, U.S. Senator Cynthia Lummis (R-WY) was interviewed by Axios news media and revealed important details about the crypto bill she hopes to introduce before the end of the year. The bill, Lummis says, adapts the legal framework so that cryptocurrencies and traditional assets fall under similar regulatory categories. “We’ve designed it so it works within the customary framework for managing and regulating traditional assets. So, for example, Bitcoin is a commodity. So...

Two banks in Argentina will be allowing their clients to purchase cryptocurrencies via their official websites. The pair are Banco Galicia – the nation’s largest private bank in terms of market value, and Brubank – a fully digital bank. The two entities have partnered with the crypto wallet Lirium for the new service, which will reportedly be available to clients on Monday. For Banco Galicia, the feature will first be available to customers whose salaries are directly...

Cryptocurrency-backed mortgages are repleted with risks akin to those responsible for the 2009 recession, said the US-based rating company Weiss Ratings. Referring to Miami startup Milo, a digital bank that offers crypto-backed home loans, the firm noted that the plans “are fraught with warning signs.”  Milo Home Loans With Digital Assets as Collateral Milo helps customers buy US real estate by pledging digital assets as collateral. According to its website, the project has...

Bitcoin is often touted as something that can potentially move the world in the right direction. It allegedly offers people financial freedom and more control over their monetary decisions, and the world’s number one digital currency by market cap appears to be producing solid results in foreign markets and nations. How Is Bitcoin Helping People Around the World? One case where the currency is performing acts of good is in both China and North Korea. Not long ago, North...

Last year’s epic crypto bull run helped crypto companies thrive, many beyond expectations. However, the current landscape is entrenched in a sluggish territory, a trend that has translated into figures for the prominent digital asset management firm, CoinShares, which announced the interim results for the first quarter of 2022. According to the official press release, the firm’s total revenue during the first three months of 2022 has shrunk to £27.96 million ($35 million)...

America’s top financial watchdog – the Securities and Exchange Commission – disclosed it will almost double the size of its employees, responsible for protecting investors in the digital asset ecosystem. The Crypto Assets and Cyber team will be topped up with 20 people, reaching a total of 50 experts. SEC Hires More People Focusing on the Crypto Space The SEC has long advocated setting up comprehensive rules in the crypto space. The agency outlined the significant progress of...

Stock traders and investors who actively manage their portfolio are busy anticipating and scanning the quarterly filings every earnings season, beginning about two weeks after the end of each annual quarter. Crypto stocks, shares in companies built around cryptocurrency, or having high exposure to the digital asset market are no different. Crypto Companies to Release Earnings Reports As required by the SEC, corporations with listed stocks publish earnings reports about the...