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The Depository Trust and Clearing Corporation (DTCC) has partnered with blockchain oracle Chainlink and several prominent banking institutions in the United States to conduct a successful pilot aimed at accelerating the tokenization of funds.  The collaboration has not only paved the way for the adoption of blockchain technology in the traditional asset management sector but has also had a significant impact on the price of Chainlink’s native cryptocurrency, LINK, which has surged past the $14 threshold. Major Asset Managers Join…

Bitcoin price is exhibiting a slight uptick ahead of incoming US CPI Data. Bitcoin’s options market seems unaffected by the upcoming CPI report. Bitcoin (BTC) has found its way up, moving to the $62,000 mark, as investors await critical macroeconomic data. In particular, the release of the US Consumer Price Index (CPI) and remarks from Federal Reserve Chairman Jerome Powell about the economy are anticipated this week.  Impact of US CPI Data and Powell’s Remarks on BTC Per reports from…

The post US DOJ Announces Arrest Of Two Brothers For Manipulating Ethereum Blockchain And Stealing $25 Million appeared first on Coinpedia Fintech News According to a press release, brothers Anton Peraire-Bueno, 24, of Boston, and James Peraire-Bueno, 28, of New York, have been arrested and charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. The charges arise from an alleged scheme to exploit the Ethereum blockchain, netting the duo approximately $25 million worth of…

The post April US CPI Drop To 3.4%; BTC Price Surge To $64K appeared first on Coinpedia Fintech News The Consumer Price Index, the key inflation indicator issued by the U.S. government, rose to 3.4% over the last 12 months in April, signaling sustained price growth in the economy. This figure surpassed market expectations, which had anticipated a decrease to 2.9%. In parallel, the price of Bitcoin experienced a sudden surge to $64k, marking a 3.57% increase within the past…

In anticipation of the upcoming US inflation report, savvy investors have purchased 70,000 Bitcoin (BTC), signaling a strategic pivot towards cryptocurrency as a hedge against potential economic volatility.  This massive acquisition follows a significant 1 million BTC sell-off at the close of 2023, underscoring renewed confidence among long-term holders in BTC’s value. Investors Return to Buy 70,000 BTC Ahead of CPI Report  Recent worries about inflation and the decreasing worth of fiat currencies have sparked renewed interest in alternative stores…

The post Hold or Sell? Here’s How US Inflation Could Impact Your Crypto Investments appeared first on Coinpedia Fintech News A critical data release is imminent, and it has the potential to shake up the cryptocurrency market in a big way. This isn’t your average economic report – this information could be the difference between soaring profits and unexpected losses for your crypto holdings. Is it time to celebrate or brace for impact? Read on to find out! 1. US…

Upcoming CPI and other economic data are poised to influence Bitcoin’s pricing trends. The 2024 halving is set to reduce mining rewards, potentially affecting the entire mining ecosystem and market stability. In line with VanEck’s previous insights on the 2024 Bitcoin Halving, the event is anticipated to be pivotal, with mining rewards halving to 3.125 bitcoins per block. This reduction is likely to profoundly influence the mining landscape by altering profitability and hastening advancements in mining technology. Historically, such events…

The post FalconX Fined $1.8M by CFTC, Ceases U.S. Crypto Derivatives Trading appeared first on Coinpedia Fintech News FalconX settled with the CFTC for $1.8 million, accused of violating commodities laws by operating as a futures commission merchant (FCM) without registration. The firm is known as a digital asset prime broker, and it provided U.S.-based institutional clients access to crypto exchanges for derivatives trading. FalconX lost half its customers after the KYC measures prompted by the actions of CFTC against…

The post Biden Orders Shutdown of Chinese-Linked Crypto Miner Near U.S. Nuke Base appeared first on Coinpedia Fintech News President Biden has ordered the shutdown of MineOne, a Chinese-owned cryptocurrency mining facility near Warren Air Force Base, Wyoming. This move is prompted by concerns over foreign ownership, technology, and the facility’s proximity to the strategic missile base. The British Virgin Islands company, mostly owned by Chinese nationals, faces removal of all equipment within a mile of the military installation. In…