Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced a new bill on stablecoins today, named the Lummis-Gillibrand Payment Stablecoin Act. The main goal of this legislation is to require stablecoin issuers to ensure their tokens are fully collateralized. In other words, the reserves backing these tokens must be equivalent in value to one dollar … Read more
The Central Bank of Korea has announced plans to accelerate its Central Bank Digital Currency (CBDC) initiative and conduct a trial run of the digital Korean currency (KRW) involving around 100,000 citizens this year. As stated in recent reports, the primary goal is to evaluate functionality and deposits as the project progresses further. South Korea … Read more
In approximately three days, the Bitcoin halving 2024 will occur, leaving only 2,375 Bitcoins to be mined before the next block reward reduction. Currently priced around $63,492, Bitcoin has been fluctuating near the lower boundary of its horizontal price range, which spans from $61,400 to $72,000. The decline in Bitcoin’s price recently has affected the … Read more
In simple terms, the market for stablecoins around the world is experiencing significant advancements. Notably, Ethana’s native digital currency, USDe, has gained considerable popularity recently. The consistent growth path of USDe has sparked speculation among analysts, who now view it as a potential serious competitor to USD Coin and Tether (USDT) in the marketplace. As … Read more
In the volatile crypto market where prices can reach unprecedented highs or hit new lows unpredictably, Ripple‘s digital asset, XRP, is back in the spotlight. Although its value has dipped lately, XRP supporters continue to be hopeful, inspired by cryptocurrency expert Javon Marks’ unwavering belief. Analyst’s Bold Prediction Marks, who is well-known for his optimistic … Read more
At a panel talk on April 16, Jerome Powell, the Federal Reserve chairman, shared his perspective on adopting a cautious stance in monetary policy in the future. He further pointed out that the recent Consumer Price Index figures have not provided any definitive signal suggesting an imminent approach to the Fed’s desired inflation rate of … Read more
Over $74 million have been withdrawn from real estate betting platform Parcl built on Solana, following a token distribution event on April 15. This mass exit was triggered by the snapshot taken during the recent airdrop of Parcl’s native PRCL tokens to eligible participants. After the announcement, there was a rush among users to withdraw … Read more
In his most recent examination of Bitcoin, renowned crypto expert Christopher Inks identifies potential signs of a bullish Adam and Eve reversal pattern. This pattern, visible on the BTC/USD hourly chart, could significantly influence Bitcoin’s near-term price trend. The graph shows Bitcoin’s price fluctuation having a distinctive shape akin to two dips with a peak … Read more
With cryptocurrencies seeing increased price fluctuations, the spotlight is on a specific digital currency: Cardano (ADA). Currently, the price of ADA is $0.45 as I pen this down. In the last 24 hours, its value has decreased by 1.8%. Meanwhile, over the past week, there has been a significant drop of 21.9% according to Coingecko’s … Read more
XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.450 zone. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a … Read more