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UPDATE 1-US regulator warned banks on crypto but did not order halt to business, documents show
Adds Coinbase comment in paragraph 5, links to FDIC documentsBy Pete Schroeder and Douglas Gillison WASHINGTON, Jan 3 (Reuters) - A U.S. bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them to stop providing banking services to crypto compani...Reuters
Fri, Jan 3
Bitcoin climbs back to $98,000 as market slowly rebounds
Bitcoin bulls are reviving. The king of cryptos just reclaimed $98,000 for the first time in weeks after a weak year-end performance, with intraday prices ranging from a low of $96,016.63 to a high of $98,539.00. The correction was triggered by a hawkish interest rate cut from the Federal Reserve, along with a diss against […]Cryptopolitan
Fri, Jan 3
Why a strong US dollar might be detrimental to Bitcoin
Bitcoin advocate Joe Consorti has predicted a potential BTC value drop due to the US Dollar’s rising strength. In a post on X, Consorti explained that USD is at its strongest level in twenty-six months, which has historically been challenging for BTC. He said: “Incidentally, the last time USD had strengthened from this level on […]Cryptopolitan
Fri, Jan 3
Bitcoin Poised For $150K, Research Signals Massive Growth
Steno Research predicts a fantastic year for cryptocurrencies in 2025, with Bitcoin seen to reach $150,000 and Ethereum potentially hitting an $8,000 value. Related Reading: Shiba Inu 260% Rally: Analyst Sees Classic Bullish Patterns Emerging This projection isn’t just speculative; Steno’...NewsBTC
Fri, Jan 3
China’s financial crisis deepens – Now economists expect a recession
China’s economy is unraveling right before our very eyes. The 10-year government bond yield just tanked below 1.60% for the first time ever, sending a clear message: this is no ordinary slowdown. Investors are ditching Chinese bonds, and who can blame them? While the U.S. bond yield shoots up, China’s plummets, widening the gap to […]Cryptopolitan
Fri, Jan 3
US regulator was cautious on crypto but did not tell banks to choke off sector, documents show
By Pete Schroeder and Douglas Gillison WASHINGTON, Jan 3 (Reuters) - A top U.S. bank regulator told multiple lenders to pause dabbling directly in crypto in 2022 and 2023, but did not direct them to stop providing banking services to crypto companies, according to documents released on Friday. A ...Reuters
Fri, Jan 3
US stocks suffer worst year-end drop since at least 1952
The S&P 500 just wrapped up 2024 with its ugliest year-end slump in over seven decades. Between Christmas and New Year’s Eve, the benchmark index dropped 2.6%, its worst holiday season decline since records began in 1952. According to Bespoke Investment Group, this drop is only the 12th time the index has fallen more than […]Cryptopolitan
Fri, Jan 3
Solana Breaks Above Daily Downtrend – Analyst Expects New ATH Soon
Solana has kicked off the year with an impressive 12% surge, reaching the pivotal $210 level and reigniting investor optimism. This rally comes as market sentiment shifts positively, fueling a broader resurgence in altcoins. With Solana now gaining significant traction, many are asking whether this ...NewsBTC
Fri, Jan 3
Blockchain Adoption Hits New Heights With $10 Trillion Milestone In 2024 – Details
Key indices such as adoption, transaction volumes, and activity levels reached new highs in 2024, giving blockchain technology a significant boost. Despite persistent regulatory hurdles, blockchain is booming, as shown by this increase. Related Reading: Crypto Ad Ban In UK A Failure? 50% Still Activ...Bitcoinist
Fri, Jan 3
Coinbase expands in Europe with acquisition of BUX Cyprus subsidiary
Coinbase has acquired the Cyprus unit of BUX, a European brokerage once known as Stryk, and wasted no time rebranding it as Coinbase Financial Services Europe. This is a calculated step toward dominating the European Economic Area (EEA). The acquisition isn’t about poaching customers though, reportedly. BUX had already moved its Cyprus-based clients over to […]Cryptopolitan
Fri, Jan 3
President Trump says tariffs will pay off America’s national debt
President Donald Trump has declared that tariffs would not only tackle America’s $36 trillion national debt but would also “MAKE AMERICA WEALTHY AGAIN.” Comparing the strategy to the economic boom during the Second Industrial Revolution, Trump claimed tariffs, not income taxes, built the nation’s greatest wealth. “The Tariffs, and Tariffs alone, created this vast wealth […]Cryptopolitan
Fri, Jan 3
Bitcoin’s computing power could rise 30% by 2027 – Is BTC mining profitable anymore?
Bitcoin miners should be prepared for a challenging season. The cost of mining will rise a year before the second halving, which will be in 2028. According to reports, Bitcoin’s computing capacity is predicted to expand by around 30% by 2027. Bitcoin’s hashrate, which is the amount of computing power needed to mine a block […]Cryptopolitan
Fri, Jan 3
Elon Musk brings crypto tax attention to the IRS – D.O.G.E onto crypto affairs?
Elon Musk, the billionaire entrepreneur and owner of social media platform X, recently posted a tongue-in-cheek message addressing the US Internal Revenue Service (IRS) about crypto taxation. His post, which quickly gained traction within the cryptocurrency community, featured a popular internet meme and raised questions about tax policies related to digital assets. Musk’s tweet, which […]Cryptopolitan
Fri, Jan 3
Bitcoin Next Bullish Move In Sight? Expert Lays Out Path For BTC To $155,000 Milestone
Bitcoin has witnessed renewed upside momentum following the start of the New Year, sparking optimism about its upward trajectory in the coming days. With the flagship asset gaining traction, several analysts contend that the much-anticipated rally to a new all-time high could be around the corner. K...Bitcoinist
Fri, Jan 3
Cardano (ADA) Rallies Above 100-Day SMA As Bulls Aim For $1.26
Cardano (ADA) has surged past the 100-day Simple Moving Average (SMA), marking a pivotal moment in its price action and reigniting bullish optimism in the market. This critical breakout signals a shift in momentum as ADA eyes higher targets, with the $1.26 mark firmly in focus. ADA’s move abov...NewsBTC
Fri, Jan 3
7 New Cryptocurrencies You Should Know About in January 2025
The crypto and meme coin market is rebounding. Top gainers in the last 24 hours include $FOFAR (+184%), $CUMMIES (+88%), and $CARLO (+68%). Even trendsetters like PEPE and Dogecoin are in the green, with the total meme coin market up by 0.6%. Fartcoin ($FARTCOIN) is another winner, gaining 4.8% in t...Bitcoinist
Fri, Jan 3
