Category: Latest News in cryptocurrency world

The latest disclosure from analyst Cheeky Crypto has stirred considerable buzz within the cryptocurrency community, redirecting attention away from traditional favorites like Bitcoin and Ethereum towards three lesser-known altcoins poised for significant growth in 2024. Cheeky Crypto’s analysis commenced by spotlighting the pivotal role of Exchange Traded Funds (ETFs) within the cryptocurrency landscape, particularly in…

IN BRIEF DTCC announces that it will not allocate any collateral to exchange-traded funds (ETFs) linked to Bitcoin or cryptocurrencies, nor will it provide loans for this purpose. Effective April 30, 2024, DTCC will implement changes to collateral values for certain securities as part of its annual renewal of the line-of-credit facility. Crypto analysts and…

Summary China might lift its ban on Bitcoin due to Hong Kong’s approval of Bitcoin ETFs. China previously banned cryptocurrencies due to financial risk and environmental concerns. Hong Kong’s move and the success of US Bitcoin ETFs could influence China to adopt a regulated crypto market China, renowned for its stringent regulatory approach to cryptocurrencies,…

in brief Celebrity endorsements provoke a debate with mixed reactions. Regulatory scrutiny escalates in the wake of industry scandals. High-profile advertisements do not impact market stability. American rapper Marshall Mathers, widely known as Eminem, has recently joined forces with Crypto.com to spearhead their latest advertising campaign. In this commercial venture, Eminem takes center stage, portrayed…

In response to the alarming proliferation of child sexual abuse material (CSAM) facilitated through the use of cryptocurrencies, Senators Elizabeth Warren and Bill Cassidy have embarked on a determined campaign to address this pressing issue within the United States. The senators are leading a concerted effort aimed at cracking down on the insidious practice of…

The latest news in the world of non-fungible tokens (NFTs) showcases yet another remarkable milestone in the realm of digital art. The renowned NFT art collection known as CryptoPunks has once again made waves in the cryptocurrency community by selling a highly sought-after piece titled CryptoPunk 635. This sale, which occurred on the Ethereum blockchain,…

John Deaton, a notable figure in the legal realm specializing in cryptocurrency matters, has taken on a new role as a candidate vying for the Massachusetts senate seat currently held by incumbent Elizabeth Warren. In an intriguing twist, Deaton finds himself not only embroiled in the political arena but also actively engaged in legal battles…

Crypto investor Arthur Hayes is closely monitoring potential economic shifts in the United States, particularly the anticipated return of liquidity to the economy. His analysis suggests that Bitcoin, the flagship cryptocurrency, could undergo a resurgence in bullish momentum in response to these developments. While the Federal Reserve’s decision to maintain interest rates may not exert…

summary The UK’s National Crime Agency and police are granted the authority to seize, freeze, and destroy cryptocurrencies utilized by criminals without requiring an arrest warrant. Law enforcement is empowered to acquire items such as passwords and USB drives to facilitate investigations. Authorities have the mandate to eliminate cryptocurrencies that pose a threat to the…

In recent times, Ripple’s XRP token has been confronting a tumultuous journey, navigating through choppy waters of price volatility. The past few months have seen XRP endure notable fluctuations, prompting investors to scrutinize the path it may take in the foreseeable future. Despite a marginal uptick in its weekly performance, XRP continues to linger below…