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Ethereum Hits 6-Week High amid Addresses in Profitability Surging

Ethereum Hits 6-Week High amid Addresses in Profitability Surging

[ad_1] Ethereum (ETH) reached highs of $1,770, a scenario has last seen on June 10 as more momentum continues trickling into the network. Market insight provider Santiment pointed out: “Ethereum had a big Thursday, soaring above $1,770 for the first time since June 10th. This spike was just two days after ETH hinted at […]

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Deposit insurance doesn’t include crypto

Deposit insurance doesn’t include crypto

[ad_1] The FDIC says the public should note that deposit insurance does not cover non-bank entities and non-deposit products, including stocks and cryptocurrencies. The Federal Deposit Insurance Corp (FDIC), an independent US agency that insures deposits and helps protect customers in case of given bank failures, has released a clarification message for crypto investors concerning

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Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

[ad_1] Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have to face capital and operational costs, unexpected repairs, product shipping delays and unexpected regulation that can vary from country to country — and in the case of the United States, from state to state. On top of that, they also had

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Babel Finance Lost 0 Million in Proprietary Trading

Babel Finance Lost $280 Million in Proprietary Trading

[ad_1] Babel Finance, a troubled Hong Kong-based crypto lender that suspended withdrawals last month, lost $280 million in proprietary trading activities with customer funds, according to a report by The Block that cited a restructuring proposal deck. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in

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Santander to Offer Cryptocurrency Services in Brazil in the Coming Months – Bitcoin News

Santander to Offer Cryptocurrency Services in Brazil in the Coming Months – Bitcoin News

[ad_1] Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leão, made the announcement in an interview with local media, stating that the company was still seeking the best way of getting into the cryptocurrency services market. Other banks and fintech

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GameFi Industry Expected to Reach .8B by 2028

GameFi Industry Expected to Reach $2.8B by 2028

[ad_1] The growth and adoption of the crypto GameFi business are expected to make the game-earning non-fungible token (NFT) gaming industry reach $2.8 billion by 2028, according to Absolute Reports, a company that provides market research services. The report shows that while the cryptocurrency market is going through a “crypto winter,” WAX and Binance Smart Chain

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SEC Chair Gensler says crypto exchanges must register

SEC Chair Gensler says crypto exchanges must register

[ad_1] US Securities and Exchange Commission (SEC) Chair Gary Gensler has severally pointed out that cryptocurrency exchanges and trading platforms cannot be treated differently from traditional stock exchanges. And amid the increased regulatory spotlight on crypto, helped by recent events, the SEC boss has renewed that call. In a video he shared on Twitter, Gensler says

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Bitcoin struggles to flip K to support, but data shows pro traders stacking sats

Bitcoin struggles to flip $24K to support, but data shows pro traders stacking sats

[ad_1] Bitcoin (BTC) rallied on the back of the United States Federal Reserve’s decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell’s statement as more dovish than the previous FOMC committee meeting, suggesting that the worst moment of tight economic policies is behind us. Another positive news for risk

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