Tag: ETHUSD
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These are now the hot cryptocurrencies for crime
[ad_1] As Wall Street ramps up its campaign to sell bitcoin funds to the public, a new report reveals just how far the original cryptocurrency has already been displaced by thousands of newer rivals in the field where it was arguably most influential —financing crime. Bitcoin’s share of “illicit cryptocurrency activity” has collapsed by an astonishing 80%…
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Crypto bulls are thrilled by court ruling that XRP isn’t always a security
[ad_1] Hi! Welcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch. Crypto bulls are excited that a federal judge on Thursday ruled XRP, a token associated with Ripple Labs, isn’t a security when sold to the public in a programmatic on digital-asset exchanges. XRP rallied almost 70% Thursday to around $0.78, representing…
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Why Bored Ape cartoon monkey NFTs crashed to a 2-year low this week
[ad_1] Hi everyone, welcome back to the Distributed Ledger newsletter. This is Anushree Dave, I write about digital assets at MarketWatch. Earlier this week, news spread that a non-fungible token art piece purchased by singer Justin Bieber in January 2022 for $1.24 million, is now worth around $60,000. That piece of art was a Bored…
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Crypto can become regular parts in portfolios once regulations are clear, says Franklin Templeton
[ad_1] Cryptocurrencies can become “regulator parts of people’s portfolios” once regulations become clear in the U.S., according to Franklin Templeton, which manages over $1.4 trillion in assets. While investors now can buy crypto directly, there are limited ways for them to include digital assets in traditional portfolios, said Sandy Kaul, head of digital asset and…
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How U.S. financial markets have performed in the past 15 months as Fed rate hikes fueled wild swings
[ad_1] It’s been a roller-coaster ride for U.S. financial markets the past 15 months, after the Federal Reserve started its most aggressive monetary tightening campaign in four decades to tame inflation. After 10 consecutive interest-rate hikes which took the benchmark fed-funds rate from near zero to a range of 5% to 5.25%, the Federal Reserve…
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Bitcoin falls after Fed skips rate hike in June, but suggests more increases this year
[ad_1] Major cryptocurrencies fell on Wednesday, after the Federal Reserve kept interest rates unchanged at the end of its two-day June meeting, but senior officials suggested another 50 basis points of rate hikes remain on the table, if inflation doesn’t slow faster. Bitcoin BTCUSD dropped 3% over the past 24 hours to around $25,068 on…
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Bitcoin tumbles as SEC sues Binance and CEO Changpeng Zhao
[ad_1] Major cryptocurrencies sank on Monday, after the U.S. Securities and Exchange Commission charged the world’s largest crypto exchange Binance Holdings Inc. and its co-founder Changpeng Zhao with 13 securities law violations. Bitcoin BTCUSD, -5.55% fell 5% Monday to $25,857, the lowest level since March 17, according to CoinDesk data. Ether ETHUSD, -5.17% tumbled 4.4%…
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“AI bubble” is at early stage, while bitcoin may be better bet than JP Morgan stock: Michael Novogratz
[ad_1] Michael Novogratz, chief executive at crypto investment manager Galaxy Digital, said while bitcoin and ether ETHUSD have recently been rangebound with low trading volume, they are still “the two best assets to invest in over two years, three years, six months” on a risk-adjusted basis. Bitcoin BTCUSD’s volatility has recently come down, while it…
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House Republicans tear into Gensler for refusing to say whether ether is a security
[ad_1] House Republicans took aim at the nation’s top markets regulator Tuesday for its oversight of the digital asset industry, arguing that Securities and Exchange Commission Chairman Gary Gensler has been both overly aggressive in bringing enforcement actions against the industry while refusing to clearly state which tokens he sees as under its jurisdiction. “You’ve…