The STABLE Bill currently before the US congress specifically restricts stablecoins from earning interest. That's a BIG problem for the sector. Stablecoins in crypto are pivotal instruments, bridging the gap between digital assets and traditional fiat currencies. However, legislative developments in the United States threaten to stifle innovation in the sector just as a path forward…
Bitcoin adoption is at an all-time high, but what does it mean for FXGuys? As crypto trading evolves, FXGuys becomes a top choice for savvy investors. Bitcoin’s mainstream adoption has reached new heights, with institutional investors and governments accelerating its integration into financial systems. As Bitcoin continues to set records, the ripple effect across the…
The U.S. Department of the Treasury's Borrowing Advisory Committee (TBAC) has released a comprehensive report examining the intersection of digital assets and the U.S. Treasury market. The report delves into the rise of cryptocurrencies, the adoption of blockchain technology, and the potential implications for Treasury operations. Rapid Growth of Digital Assets Digital assets, including cryptocurrencies…
After touching two-year price highs following spot Bitcoin ETF approvals in the US last week on Wednesday, the price of BTC dropped sharply to below US$42,000 on Friday. The +10% slide leaves BTC down ~2.2% in the last week. Last week, the Securities and Exchange Commission (SEC) approved 11 spot ETFs for the first time.…
Finally, after a multi-year effort by the Bitcoin community, all eleven much-anticipated Bitcoin Spot ETFs have been approved by the SEC and will begin trading tomorrow. Bitcoin’s journey has been a strange and wild ride. Exactly 14 years ago today, Hal Finney tweeted that he was “Running bitcoin.” In the years afterward, Bitcoin’s creator Satoshi…
It’s decision time. By the end of this week, we’ll have our answer - will one or more Bitcoin Spot ETFs be given the green light to trade in the U.S? And how will the market respond? In the race towards the approval of a spot Bitcoin exchange-traded fund (ETF), the final steps are underway,…
Bitcoin soared to $40,105 on Sunday, marking its highest valuation in nearly a year and a half. The surge is attributed to growing optimism among investors, fueled by speculation that U.S. regulators are set to greenlight stock-market traded bitcoin funds. Bitcoin briefly soared to $42,066 on Monday, marking its highest valuation in nearly a year…
Bitcoin soared to $40,105 on Sunday, marking its highest valuation in nearly a year and a half. The surge is attributed to growing optimism among investors, fueled by speculation that U.S. regulators are set to greenlight stock-market traded bitcoin funds. Bitcoin soared to $40,144 on Sunday, marking its highest valuation in nearly a year and…
A report from blockchain data analytics platform Chainalysis has revealed that the majority of crypto transactions in the United Arab Emirates (UAE) from July 2022 to June 2023 have been whale transactions, crossing over $1 million each. Majority Of UAE Crypto Transactions Exceeds $1 million The report from Chainalysis reveals that institutional investments accounted for…
Crypto expert and author of Civ Kit, an app that lets users build their decentralized marketplace, Ray Youssef, has recently taken to his X (formerly known as Twitter) account to share his stance on Ethereum and its impact on Bitcoin adoption. Youssef’s remarks on Ethereum’s influence over Bitcoin’s growth trajectory were both striking and laden…