Category: Latest news

[ad_1] The House Financial Services Committee will hear testimony from five key blockchain industry figures on June 13 as the U.S. government grapples with how to address an increasingly urgent regulatory problem. The hearing, titled “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem,” features testimonies from Circle CEO Jeremy Allaire, former…

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[ad_1] Over the past month, Bitcoin’s price has fluctuated with every major macro event and regulatory announcement, such as the SEC’s recent lawsuits against Coinbase and Binance, which allege multiple securities violations and contain language that could reshape the industry. These events have only introduced more volatility, and even though Bitcoin’s price swings have not…

[ad_1] Taiwan Mobile, the second-largest telecom company in Taiwan, is reportedly exploring collaborations and investments in local crypto firms, according to a June 13 report from Bloomberg. Taiwan Mobile is engaged in preliminary discussions with crypto platforms for potential strategic partnerships, three unnamed sources told Bloomberg. The government-licensed telecom firm stated that it remains “open…

[ad_1] Quick Take The U.S. consumer price index report for May came in today with numbers lower than expected. The trend of decreasing inflation persists in the U.S.; however, the core index remains persistently high. Following the release of the CPI report, Bitcoin experienced a boost, increasing by 1.8% to a new value of $26,400.…

[ad_1] The cryptocurrency market saw net inflows of $5.7 billion over the last 24 hours and currently stands at $1.06 trillion — up 0.5% from $1.06 trillion. During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 0.7% and 0.2% to $507.55 billion and $210.56 billion, respectively. Over the last 24…

[ad_1] Quick Take Binance saw its largest inflow into the exchange yesterday since the SEC lawsuit, driven by a large whale, almost 3,500 Bitcoin ($66 million). This event raises questions as to why a large whale would deposit such a significant amount of Bitcoin while the exchange is currently facing a lawsuit with the SEC.…

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[ad_1] Quick Take The U.S. Consumer Price Index (CPI) report is due at 08:30 ET today and will influence the outcome of the FOMC meeting tomorrow. April’s year-over-year CPI came in at 4.9%. May’s is forecasted to come in at 4.0%. May’s year-over-year core CPI is forecasted to come in at 5.3%. This metric refers…

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