The International Monetary Fund (IMF) has cautioned that a US default on its debt obligations could have severe consequences for both the American and global economies. During a press briefing, IMF Director of Communications Julie Kozack expressed concern over the current debt ceiling crisis that is taking place between the White House and Congress. She
Coinbase, a leading cryptocurrency exchange, announced on May 12 that it has established a Global Advisory Council. The new council is created to help Coinbase stay abreast of changing regulatory landscapes as it continues to expand its operations. The council will be composed of seasoned experts with extensive regulatory expertise. The council will include Senator
Binance, the largest cryptocurrency exchange in the world, has announced that it will be withdrawing from the Canadian market. The decision comes following new guidance around stablecoins and investor limits. Binance had been exploring alternative options to protect their Canadian user base, but ultimately determined that none were feasible. Canadian Securities Administrators Tightens Regulations The
The US Securities and Exchange Commission Republican leader, Hester Peirce, believes that Europe’s recent legislation to regulate cryptocurrency could serve as a model for the US. Peirce, who is also known as “Crypto Mom,” spoke at a Financial Times event, where she praised the Markets in Crypto Assets law (MiCA) passed by the European Union
The new BRC20 token economy, which is built on top of the Bitcoin blockchain, has experienced a significant surge in growth in the past five days. As of May 11, the total market valuation of the BRC20 token economy has reached $427 million, which marks a 53% increase since May 7. The number of BRC20
Bitcoin (BTC) plummeted to its lowest point since March 17, reaching $26,100 on Bitstamp due to fears of a “head-and-shoulders” pattern that would give bears the upper hand. Despite promising macroeconomic conditions for risk assets, Bitcoin was unable to capitalize on the potential for gains as bid liquidity decreased. Concerns Over “Head-and-Shoulders” Pattern On daily
On Thursday, the Ethereum blockchain encountered a 25-minute halt in processing ETH transactions and achieving consensus. Ansgar Dietrichs, a researcher at the Ethereum Foundation, stated that the beacon chain had a brief period of non-finalization, which highlights the robustness of the chain. Despite the slowdown of blocks, transactions continued to be processed as usual. Prysmatic
10T Holdings, a crypto-focused investment firm, has announced the launch of a new digital-asset startup investment fund, TenSquared Capital (10SQ). The fund aims to raise $200 million from investors and will back digital asset startups at various stages of growth. The fund has already secured commitments from limited partners of 10T for its upcoming investments.
According to the European Central Bank’s (ECB) latest Consumer Expectations Survey (CES), Europeans believe that inflation will be around 5% over the next 12 months. This marks a significant increase from the previous month’s median expectation of 4.6%. The poll, which surveyed 14,000 consumers aged 18 and over from six euro area countries, was conducted
Bitcoin is poised for a promising future as it moves closer to the 2024 block subsidy halving, according to market analysts. Bitcoin halving cycles tend to follow a particular pattern that dictates the price activity during a given period. It is anticipated that these cycles will contain a macro high and macro low for BTC