CHEYENNE, Wyo. (AP) — The Federal Reserve Board has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership, officials announced Friday, dealing a setback to the crypto industry’s attempts to build acceptance in mainstream US banking. Many in crypto have been looking to Cheyenne-based Custodia Bank’s more than 2-year-old application as a bellwether … Read more
Tyler Winklevoss, chief executive officer and co-founder of Gemini Trust Co., left, and Cameron Winklevoss, president and co-founder of Gemini Trust Co., speak during the Bitcoin 2021 conference in Miami, Florida, US, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cameron Winklevoss and Barry Silbert were both early believers in … Read more
The Nova Scotia Securities Commission is warning residents of a crypto scam, which it says is often cruelly referred to as a “pig butchering” scheme. The commission said in a Monday morning release the scam is causing “individual losses of hundreds of thousands of dollars,” across Canada and the US It’s estimated more than $1 … Read more
The fall of FTX marks one of the most serious problems for crypto to date, with questions now rising about the health of other giants of the industry. The crypto industry has been rocked by the collapse of FTX. Big-name investors from Sequoia Capital to SoftBank dumped hundreds of millions of dollars into the company, … Read more
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Friday’s action in the crypto market was more of the same, as the majority of tokens continued to … Read more
Madison Cawthorn Ethan Hyman ehyman@newsobserver.com With just weeks left in Rep. Madison Cawthorn’s only term in Congress, he found himself in trouble again. On Tuesday, the House Ethics Committee announced substantial evidence exists showing Cawthorn promoted the meme coin cryptocurrency, “Let’s Go Brandon,” in which Cawthorn had a financial interest, in violation of US House … Read more
The crypto industry is looking for good news much like the rest of the asset classes in these times of concern about the health of the economy. For a long time, cryptocurrency evangelists have claimed that bitcoin (BTC), the largest digital currency, can be used to hedge against inflation, since you know exactly what the … Read more
Facebook finds itself again at the center of a controversy. It’s as if the social media giant, which changed its name last October to become Meta Platforms (fb) – Get Meta Platforms Inc. Class A Reportwas struggling to manage its practices. Australia’s consumer watchdog (ACCC) has decided to sue Meta for allegedly “aided and abetted” … Read more
XRP price action develops two consecutive daily candles inside the bar. A rare and powerful bullish reversal pattern is developing, confirmation is still needed. Downside risks persist, but are likely limited. The price of XRP could return to a leading position in the altcoin market if it can achieve confirmation of one of the most … Read more
Crypto.com price moved up to the 61.8% Fibonacci expansion to $ 0.44 and immediately bounced. Extreme oversold conditions are present in oscillators. Downside risks persist as upside potential may be limited. Crypto.com price experiences a strong rebound after hitting a critical Fibonacci expansion zone. However, it is not yet known whether the rebound will lead … Read more