The FDIC has thrown open the gates to crypto innovation, scrapping key barriers and embracing blockchain with a push for regulatory clarity. FDIC Shifts Crypto Rules, Sets the Stage for Digital Asset Banking Boom Acting Chairman Travis Hill used his address at the American Bankers Association’s Washington Summit on April 8 to lay out the…
Despite numerous warnings and reminders about the importance of DYOR (do your own research) and due diligence to avoid exploitation, a recent study by ChainPlay and Storible revealed that 83% of crypto investors have fallen victim to scams or hacks. Key Findings 83% of crypto investors have experienced scams or hacks. Average loss per victim:…
New York hits Block with a $40 million fine and mandates independent oversight after major compliance failures in Cash App’s bitcoin and fiat transaction monitoring. NY Regulator Unleashes Oversight Blitz on Block After Missed Red Flags and AML Gaps New York State’s Department of Financial Services (DFS) announced on April 10 that Block Inc. will…
Bitcoin is poised for a major surge as escalating U.S.-China tensions, rising tariffs, and dwindling trust in U.S. debt send investors searching for alternatives. Samson Mow Expects Bitcoin to Go ‘Much Higher’ Bitcoin advocate Samson Mow, who serves as chief executive officer of the bitcoin infrastructure firm JAN3, commented on social media platform X this…
Jim Rickards, economist and author of the best-selling book “Currency Wars,” explained that tariffs are extremely good for the U.S. to the detriment of other countries. In a recent podcast, Rickards stated that contrary to the idea of tariffs being a sales tax for the American people, it primarily affected the dynamics between the importer/distributor…
Bitcoin’s price stands at $79,630 as of April 10, 2024, with a market capitalization of $1.57 trillion. Over the last 24 hours, bitcoin has traded between $78,424 and $82,401, amassing a strong trading volume of $52.10 billion, reflecting strong participation and volatile market behavior. Bitcoin On the 1-hour chart, bitcoin has exhibited a short-term bullish…
President Donald Trump’s “Liberation Day” tariffs triggered a global financial rout last week, with bitcoin plunging to $74,500 and ethereum to $1,380—their lowest since early 2023—according to an April 9 Glassnode report. Researchers Ukuriaoc and Cryptovizart linked the sell-off to tariff-induced liquidity strains and a faltering U.S. dollar, deepening digital assets’ broad-based contraction. Glassnode Report:…
While digital currency markets have faltered, the tokenized real-world asset (RWA) ecosystem has flourished, eclipsing recent market turbulence with a 12.5% valuation climb over 30 days. Tokenized Treasury instruments, in particular, outpaced peers with an 8.7% leap across seven days. Tokenized Treasuries Hit $5.49B Tokenized Treasuries have jumped in growth over the past week, and…
The U.S. Department of Justice (DOJ) has officially shut down its digital assets crime division, the National Cryptocurrency Enforcement Team (NCET), in a big policy change under President Donald Trump’s administration. This is a 180-degree change from the Biden-era approach that used enforcement to regulate digital assets. The move was announced in a four-page memo…
This content is provided by a sponsor. PRESS RELEASE. The rollercoaster ride of cryptocurrency markets continues as Ethereum and Bitcoin experience a notable recovery following promising developments in global trade news. The easing of tariff tensions has boosted market sentiment, encouraging a resurgence in digital assets. Meanwhile, all eyes are on another big milestone—the final…
