While the NFT market has lost considerable steam since peaking two years ago, the marketplace Magic Eden has been reaching new heights on its own, according to CEO Jack Lu. “Even though the overall market has been a bit soft, the year has been pretty good for Magic Eden,” he…
The price of bitcoin (BTC) has entered a bearish phase, stemming from the asset’s constant decline and range-bound movement. As a result, the largest cryptocurrency has decoupled from gold. According to CryptoQuant analysts, bitcoin’s price has been declining while the yellow metal has rallied to new record highs, causing their…
This week’s roundup highlights Argentina’s efforts to protect cryptocurrency scam victims, Bancolombia’s integration of the Solana and Arbitrum networks, along with other key stories. Bancolombia’s Wenia Expands with Solana and Arbitrum Integration Bancolombia’s crypto platform, Wenia, has expanded its offerings by integrating the Solana and Arbitrum networks, allowing users to…
The two founders, Rushi Manche and Cooper Scanlon used to be the students of Vanderbilt University. They first met in college, where they recognized each other’s fascination with blockchain technology and quickly bonded, dreaming of building a business together, which led them to drop out of college in 2022 and…
The U.S. is at a “turning point” in crypto, and about to become “THE decisive leader” in nurturing the technology, Jeremy Allaire, CEO of stablecoin issuer Circle, wrote in an X post on Friday. Allaire said that several people “complain” that the U.S. government is hostile to the cryptocurrency industry.…
A potential 25-basis-point rate cut by the U.S. Federal Reserve next Wednesday is already priced into markets, and could lead to a “sell-the-news” event for risk assets, according to a prominent economist. “A 25-basis-point cut is already anticipated by the market, which means the actual cut might underwhelm, triggering a…
The U.S. Securities and Exchange Commission (SEC) has ramped up its enforcement actions against the cryptocurrency sector in 2024, imposing nearly $4.7 billion in fines. This figure represents a 3,018% increase from the $150.3 million in fines issued in 2023. Record Breaking Settlement According to a report from Social Capital…
Think stablecoins are just a vehicle for anonymous crypto trading? A new survey from Castle Island Ventures would suggest otherwise. In a report sponsored by Visa, the firm showed that crypto users in five developing countries – Nigeria, India, Indonesia, Turkey, and Brazil – are turning to stables largely as…
Steven Lubka, head of private clients and family offices at Swan Bitcoin said in recent remarks to CNBC, “Do I think we’ll be in the six figures by 2025? Almost certainly. Do I think we’ll be in the six figures regardless of who wins? Almost certainly.” That may be assuring…
A recent Wall Street Journal article by Nick Timiraos, renowned for his inside knowledge of Federal Reserve decisions, has dramatically altered market expectations regarding the Fed’s upcoming rate cut. Timiraos suggested that the Fed might opt for a more aggressive 50 basis point cut, rather than the anticipated 25 basis…