For the first time ever, regulators in the United States issued a joint warning to banks about crypto-related risks, prompted by the massive failures of several large crypto companies. Raising concerns about crypto's place in the banking sector, three US regulators – the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) – issued a joint statement on cryptoasset risks to banking organizations. ... Read More: Is Crypto About to be Locked Out of the US Banking as Regulators Seeks to Forestall Contagion?
Binance, the world's largest cryptocurrency exchange, has remained the leader in the space, ending 2022 with a 66.7% market share compared to 48.7% at the start of the year. According to a report from CryptoCompare, Binance accounted for 66.7% of all trading volume on centralized crypto exchanges in the last quarter of 2022 following the collapse of FTX, one of its biggest rivals. In comparison, the platform had a market share of 48.7% at the start of 2022.... Read More: Binance has Grabbed Two-Thirds of all Crypto Trading Volume – What Happened to the Decentralization of Finance?
The BONK price has declined by 50% in the 24 hours, with the new Solana-based meme token falling to $0.00000182 after enjoying a surge in previous days. Despite the plunge, it remains up by around 2,000% since first listing at the end of December, making it easily the best-performing coin in the top 250 cryptocurrencies (by market cap).... Read More: Bonk Price Prediction - As the Pump Deflates Should You Consider Buying the Dip?
XRP price is back in the buy zone, and analysts believe it is a bargain to get in at this time. The leading international money transfer token snapped out of a market-wide relief rally that saw assets like Solana (SOL), Polygon (MATIC) and Litecoin (LTC) post double-git gains in less than a week.... Read More: XRP Price Prediction - Why This Could Be The Time to Start to DCA Into Ripple's XRP
The bitcoin price has remained flat in the past 24 hours, sticking to its $16,796 from yesterday while the wider market teeters downwards slightly. Its current price marks a 1% increase in a week, although the world's first cryptocurrency is down by 1.5% in a month and by 75% compared to its all-time high of $69,044, set back in November 2021.... Read More: Bitcoin Price Forecasts For 2023 Are In and Here’s What The Bulls and Bears Think
The central People’s Bank of China (PBoC)’s digital yuan is set for another adoption drive as the Chinese New Year approaches: The domestic Chinese e-commerce giant Meituan has announced details of another token giveaway to celebrate the Year of the Rabbit. Lunar New Year, one of the biggest public holidays in China, falls on January 22 this year. And it is usually marked by the giving of cash gifts to family members and junior employees in “lucky” red envelopes.... Read More: Chinese e-Commerce Titan Meituan Announces New Year Digital Yuan Giveaway
Silvergate Capital, a crypto-focused bank, suffered a bank run following the collapse of cryptocurrency exchange FTX, which forced the company to sell assets at a significant loss in order to honor $8.1 billion worth of customer withdrawals.... Read More: Silvergate Bank Suffers Run on Deposits as $8.1 Billion is Withdrawn - Will it Go Bust?
In 2022, the crypto world convulsed when giants Luna and FTX suddenly collapsed, bringing many other projects and companies with them. Such crypto-cataclysmic events have stirred up many questions about transparency and regulation in the quickly growing blockchain and DeFi space.... Read More: Crypto Experts Believe These Altcoins Will Surge in Value – Find Out Why
Stock index futures are trading down over 1% so far Thursday as investor optimism is being kept in check by the possibility that the Federal Reserve will keep interest rates higher for longer as we head deeper into the new year. This fear has caused the S&P 500 to drop 20% from its record close last year.... Read More: Best Crypto to Buy Today 5 January – FGHT, ETC, D2T, LDO, CCHG
ETH, the native cryptocurrency that powers the smart contract-enabled decentralized Ethereum blockchain, is consolidating on Thursday near the $1,250 mark after posting decent gains in the first few days of this week. Indeed, despite now having pulled close to 2% lower versus Wednesday’s highs in the $1,270 area, ETH is still up about 4.0% this week, after mustering a clean upside break of both of its 21 and 50-Day Moving Averages on Wednesday.... Read More: Ethereum Price Prediction – How High Can ETH Go in 2023?
The U.S. regulator is looking at whether financiers did their homework on a crypto exchange since accused of sloppy governance.
On-chain data shows that more than $60 million in tokens has left the exchange in the last 24 hours, while stablecoin reserves have dropped 9.5% in a week.
Community sentiment soured around Huobi, on whose board Sun is an advisor, as it is said to be laying off hundreds of staff in the coming weeks.
Back in late 2020, analysts regularly cited the towering stockpile of negative-yielding debt as a source of bullish momentum for bitcoin.
The FTX founder and former CEO says he needs the money to pay his legal fees, despite rival claims by the company and by crypto lender BlockFi.
Onemeta AI Could Solve a Metaverse Problem: Real-Time Translation.
Some 5% of the bonk token supply was burnt as prices dropped 40% in the past 24 hours.
Some traders have been buying downside protection in bitcoin and ether, while others building strategies that profit from a big move in either direction, experts told CoinDesk.
Coinbase shares closed down 11% on Thursday as Silvergate slumped more than 40%.
Bitcoin and ether, the two largest cryptocurrencies by market volume, held steady within the narrow ranges they've occupied since mid December.