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Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide
24.6.2024
While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests...
Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan
24.6.2024
Iris Energy is best positioned to take advantage of the HPC/AI opportunity, the report said
Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank Says
24.6.2024
According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and cryptocurrencies. To mitigate these risks, the Monetary...
Singapore flags digital payment tokens as high-risk in AML landscape
20.6.2024
Singapore said DPT service providers, also known as virtual assets service providers, stand out as a high-risk category within the financial sector
Ethiopia Approves CBDC Launch Draft Proclamation
20.6.2024
The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow...
XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles
18.6.2024
Fairlead's 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH
Crypto Sector Secures $317M in Venture Capital Deals in Early June
16.6.2024
With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with $43 million. 37 Crypto Startups and Projects Gather...
JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance
16.6.2024
A report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial reporters Pam Martens and Russ Martens from...
Solana memecoin sector (BONK, WIF, BRETT) crushes competition, but RCOF is ready to surpass them
14.6.2024
Analysts expect massive surges in Solana’s imminent performance, as traders have spotted an exciting investment opportunity in several Solana memecoin offerings such as Bonk (BONK), Brett (BRETT), and dogwifhat (WIF). On the other hand, RCO Finance (RCOF) has the potential to outperform these...
Meme Sector Sees Sharp Sell-off as GameStop Losses Extend to 60%
11.6.2024
A Solana meme parody of the actual company was down 25% in the past 24 hours, with steep losses across other meme tokens that tended to move in tandem with GameStop
Australia needs blockchain ‘more than ever’ to flip productivity freeze
11.6.2024
Australian Parliament Member Andrew Charlton said he believes blockchain technology could add $60 billion to the economy
US antitrust chief to scrutinize AI sector for monopoly risks
6.6.2024
U.S. antitrust enforcer Jonathan Kanter said regulators must urgently examine the AI sector to prevent potential monopolies
Private firms to join global central bank CBDC project
5.6.2024
As Project mBridge enters its MVP phase, BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform's potential
US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged
4.6.2024
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses...
US Navy launches ‘PARANOID’ blockchain security tech to private sector
2.6.2024
The government seeks a collaboration to research and develop the technology further
Riot Platforms Is Best Suited to Consolidate Bitcoin Mining Sector: Bernstein
29.5.2024
The company has the financial capacity to consolidate the bitcoin mining space, the report said
TRON Founder Justin Sun Pushes For Pro-Crypto President Amid Trump, Biden Tensions
27.5.2024
TRON founder Justin Sun is encouraging those in the crypto sector to vote for the pro-crypto candidate, X posts from Sunday and Monday reveal. Sun's comments come amidst heightened political tension ahead of the 2024 U.S. presidential election.
The post TRON Founder Justin Sun Pushes...
Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report
21.5.2024
The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed.
The post Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report appeared first on Cryptonews
Blockchain Association Sends Letter To Reps. Mike Johnson And Hakeem Jeffries Urging FIT21 House Vote
20.5.2024
The Blockchain Association is urging a full House floor vote of the Financial Innovation and Technology for the 21st Century Act (FIT21), a Monday letter from the crypto advocacy group to House Speaker Mike Johnson and Minority Leader Hakeem Jeffries reveals. News of the letter comes on the heels...
HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin
20.5.2024
Xiao Geng states that the creation of a CNY-pegged stablecoin could expand the offshore Chinese yuan market and elevate Hong Kong’s status in the global financial sector.
The post HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin appeared first on Cryptonews