Impact

Mike Ermolaev continues the GoCrypto interview series, powered by GoMining, this time featuring an insightful conversation with Jeremy Allaire, Co-founder, CEO, and Chairman of Circle, global financial technology firm and the issuer of the leading regulated stablecoin, USDC.  In this interview, Allaire discusses Circle's significant milestone of launching in Brazil, the transformative potential of USDC in the Brazilian market, the growing adoption of USDC for cross-border payments, and the potential collaboration between private sector stablecoins and public sector CBDCs. He…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently seen its price fall below the 4-hour Simple Moving Average (SMA). This technical development is noteworthy for traders and investors, as the 4-hour SMA is often used to gauge short-term market momentum. When a cryptocurrency’s price drops below this moving average, it can signal a potential shift in market sentiment from bullish to bearish. This could imply increased selling pressure and a possible downward trend continuation. The implications of this…

Ripple argues SEC failed to prove Andrea Fox’s testimony as summary evidence, not expert opinion. Ripple’s request to seal and redact financial documents sparks further contention. Ever from its beginning in December 2020, the legal dispute between Ripple and the US Securities and Exchange Commission (SEC) has been an emotional roller coaster. Courtroom drama and a slew of legal disputes followed Ripple’s accusation by the SEC that it had raised over $1.3 billion by selling XRP in an unregistered securities…

The post Mt Gox Could Release Floodgates of BTC Supply, How Will It Impact ETH & Algotech appeared first on Coinpedia Fintech News The name Mt. Gox still sends shivers down the spines of cryptocurrency veterans. This once-dominant exchange’s spectacular collapse in 2014 resulted in the loss of hundreds of thousands of Bitcoins.  Now, a recent court ruling has reignited concerns – could a massive release of these lost Bitcoins be on the horizon, potentially flooding the market and impacting…

The US spot Bitcoin Exchange-Traded Funds (ETFs) have been witnessing a historic run of inflows, marking 17 consecutive days of net additions. On a particularly notable Tuesday, these ETFs observed inflows totaling a staggering $886.6 million, ranking it as the second-highest single-day influx since their introduction. This was followed by another significant day of inflows yesterday, amounting to $488.1 million, with notable contributions from major financial players like Fidelity ($220.6 million), Blackrock ($155.1 million), and Ark ($71.4 million). Despite these…

Port Charlotte, United States, June 2nd, 2024, Chainwire $TRUMP Coin: A Revolutionary Cryptocurrency with Real-World Utility and Philanthropic Mission. TrumpCrypto.io is excited to announce the launch of the $TRUMP Coin Initial Coin Offering (ICO), a groundbreaking cryptocurrency designed to merge digital innovation with tangible real-world benefits. With a total supply of 8,000,000,000 tokens and a pre-sale price of 0.016 USDT per token, $TRUMP Coin offers a unique investment opportunity. Why choose this $TRUMP Coin? $TRUMP by TrumpCrypto.io is more than…

The post DMM Bitcoin Loses $305 Million Worth of BTC in a Hack: Here’s the Impact on BTC Prices appeared first on Coinpedia Fintech News DMM Bitcoin, a crypto exchange based in Japan, reported a significant loss of $305 million following a recent hack. The security breach led to the theft of 4,502.9 Bitcoin (BTC) from the exchange. As a result, BTC price witnessed a steep decline, currently heading toward the weekly low of $67K. Customer Bitcoin Deposits to Be…

Real-world asset (RWA) tokenization has taken both traditional finance (TradFi) and decentralized finance (DeFi) by storm, even before entering the third quarter. Despite making up only a segment of the RWA tokenization space, tokenized real estate has ushered in a one-way market transition.  Tokenized real estate assets now make it possible for all investors to access a previously inaccessible market — increasing access to liquidity and establishing a more efficient real estate marketplace. Some companies like Blocksquare are working to…

Bitcoin briefly shot over $70,000 yesterday before plunging below $69,000 to spot rates. While there are hints of weakness, one analyst on X notes that inflow to exchanges like Binance and OKX is subdued, meaning that users are not keen to sell despite prices tanking and failing to break $72,000. Bitcoin Inflow To Exchanges Remain Low The analyst notes that exchange inflows are low at spot rates. As of May 28, exchanges received just 25.9K BTC daily. From historical exchange…