Category: Latest news

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[ad_1] Billionaire entrepreneur Elon Musk said in a social media post on on Nov. 3 that his various companies will never issue a cryptocurrency token. Musk stated: “To be super clear, none of my companies will ever create a crypto token.” Musk made that comment in response to news about a token that is attempting…

[ad_1] The Ripple ecosystem’s native token, XRP, surged more than 10% on Nov. 6 to become the fourth-largest cryptocurrency by market capitalization as weekday trading began. The token is trading at $0.714 as of press time, according to CryptoSlate data. The rally may be attributable to a combination of factors, including anticipation surrounding Ripple’s Swell…

[ad_1] In a Nov. 6 speech, Republican SEC Commissioner Mark Uyeda said the watchdog needs to reassess its approach to the crypto industry. According to Uyeda, regulatory clarity is the need of the hour, and the SEC has the power to establish it. Proactive rulemaking Speaking at an international event in London, Uyeda stated that…

[ad_1] The UK’s Financial Conduct Authority (FCA) has joined forces with the Bank of England (BOE) to gather public input on their forthcoming regulatory framework for stablecoins. In a joint statement released on Nov. 6, the FCA and BOE unveiled a discussion paper to solicit feedback to shape the regulations governing stablecoins. This initiative represents…

[ad_1] Quick Take Understanding Bitcoin’s cycles is pivotal, and an intriguing way to capture this information is through an analysis of the total supply of Bitcoin held at loss by long-term holders. Long-term holders refer to investors who have retained Bitcoin in their portfolio for a period exceeding 155 days. Currently, this figure sits at…

[ad_1] Gold, historically viewed as a store of value and a hedge against economic turbulence, is often the benchmark asset against which many others are gauged. In the crypto age, Bitcoin (BTC) and Ethereum (ETH) have emerged as contenders to gold’s throne, not as direct replacements but as modern alternatives representing a new breed of…

[ad_1] Quick Take Bitcoin is currently hovering around $35,000, showcasing a remarkable year-to-date increase of over 100%. This surge has piqued interest in its trading patterns across various price ranges. When we break down the data in $5,000 intervals, which offer a clearer visual representation than $1,000 intervals, certain trends emerge. The majority of Bitcoin’s…

[ad_1] Crypto product inflows for this year have eclipsed the total for the previous year despite having a few weeks left in the calendar, according to CoinShares’ latest weekly report. Per the report, the weekly inflows into cryptocurrency products have reached a robust $767 million, exceeding the $736 million recorded in 2022. Sixth weekly inflow…

[ad_1] Chainlink’s LINK native token has soared by more than 60% over the past month to a yearly high of $12.65, according to CryptoSlate’s data. During the reporting period, LINK broke through critical resistance levels, hitting highs not seen since April 2022. Why is LINK rising? While the broader crypto market has enjoyed a strong…