Auto Added by WPeMatico

Billionaire Mark Cuban Warns Gensler’s SEC Crypto Policies Could Cost Biden the Election

Billionaire Mark Cuban has criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s handling of crypto regulations, suggesting it could harm Biden’s election chances. “Gensler has not protected a…

Continue ReadingBillionaire Mark Cuban Warns Gensler’s SEC Crypto Policies Could Cost Biden the Election

US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

The House Committee on Rules has decided to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for a floor vote later this month.…

Continue ReadingUS Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin

The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to…

Continue ReadingSolana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin

Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving

Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly,…

Continue ReadingBitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving

Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth

Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently…

Continue ReadingStablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth

NFT Sales See Week-Over-Week Decline as Market Continues to Cool

Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million,…

Continue ReadingNFT Sales See Week-Over-Week Decline as Market Continues to Cool

Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period…

Continue ReadingBitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated…

Continue ReadingIMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

Anti-Crypto Mixer Blockchain Integrity Act Introduced in US House of Representatives

The Blockchain Integrity Act, a piece of legislation that seeks to put a 2-year moratorium on using cryptocurrency mixers, was introduced by U.S. Congressman Sean Casten on March 7 in…

Continue ReadingAnti-Crypto Mixer Blockchain Integrity Act Introduced in US House of Representatives

Coingecko Study: Low-Float Cryptocurrencies Make up 21.3% of Top 300 by Market Capitalization

According to the findings of a Coingecko study, low-float cryptos currently account for 21.3% of the top 300 cryptos by market capitalization. The four cryptos with the lowest float are…

Continue ReadingCoingecko Study: Low-Float Cryptocurrencies Make up 21.3% of Top 300 by Market Capitalization