The Bitcoin price slipped below $60,000 level on Wednesday in wake of US Consumer Price Index (CPI) inflation data that supported the case for the US Federal Reserve to start cutting interest rates next month.
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Category: Cryptocurrencies
Digital Euro Is Too Complex and Hurts European Payments – Report
Digital euro design is too complex, offers minimal benefits to consumers and businesses, and could harm existing European payment systems, say researchers.
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Kamala Harris May Adopt Pro-Crypto Verbiage To Win Votes, Vivek Ramaswamy Says
Kamala Harris may adopt crypto-friendly “verbiage” in a bid to appeal to the digital asset community at large ahead of the 2024 U.S. presidential election in November, former U.S. presidential candidate Vivek Ramaswamy told CNBC’s Squawk Box Monday. Harris use expected to a accept her party’s nomination next week at the Democratic National Convention.
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Bithumb May Ditch NongHyup Banking Partnership for Koomin Deal – Reports
The South Korean crypto exchange Bithumb could shun its long-term banking partnership with NongHyup Bank in favor of a deal with rival bank Kookmin. Multiple reports from outlets including Insight Korea and Mega Kyungjae quoted anonymous banking and crypto industry sources as claiming talks between Kookmin (KB) have successfully concluded. Bithumb Banking Deal: A New […]
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Binance Settles with Brazil Securities Regulators for $1.7 Million
In a significant development, Binance has agreed to pay 9.6 million reais ($1.76 million) to the Brazilian Securities and Exchange Commission (CVM) to settle an ongoing investigation into its unauthorized derivatives trading in Brazil. This marks the conclusion of a more than four-year-long regulatory standoff between Binance, the world’s largest cryptocurrency exchange, and Brazil’s financial […]
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Bitcoin Sinks Below $60K as CPI Data Dashes Hopes for Aggressive Fed Rate Cuts
Bitcoin tumbles below $60K as U.S. inflation data dims hopes for significant Fed rate cuts, triggering market-wide volatility and investor caution.
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Switzerland Launches Public Consultation On Crypto Tax Information Sharing
Switzerland is contemplating including crypto tax data within its international information exchange protocols.
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Senate Majority Leader Schumer Intends to Pass Crypto Legislation This Year
Schumer sought for a bipartisan support to pass a pro-crypto bill if Kamala is elected as the next President.
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TON Blockchain Teams Up with Pyth Network for Enhanced Data Delivery
The Open Network (TON) has announced a partnership with decentralized data oracle Pyth Network to enhance data delivery for developers building on the TON blockchain.
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