Crypto News
UK Police Recover $671,000 in Stolen Crypto Under Proceeds of Crime Act
An attorney told Decrypt the act is an "innovative legal framework that streamlines the asset recovery process."Source link
U.S. Openness to Crypto Could Raise Risk Levels in TradFi, European Regulators Say
The U.S.' crypto-friendly stance could increase the level of risk in financial markets by deepening the connections between traditional finance (TradFi) and the digital asset economy, according to regulator the European Securities and Markets Authority."This crypto-friendly stance has the potential to accelerate crypto adoption, including by institutional investors," a spokesperson for the European Union's financial markets regulator said in an interview. "This would in turn increase interconnectedness and, failing relevant safeguards, risks of negative spillover effects between crypto and traditional markets."Since becoming president on Jan. 20, Donald Trump has ordered his administration to set up a bitcoin reserve and urged it to establish crypto friendly policies. The crypto market had already reacted positively to Trump's election victory in November, and...
XRP Price Analysis: Bulls Eye $2.20 Breakout Amid Choppy Action
The current trading environment for XRP reflects consolidation within a cautious downtrend, with prices anchored at $2.12 to $2.135 amid a 24-hour trading range of $2.07 to $2.19, underpinned by a $123 billion market cap and $4.18 billion in trading volume. XRP On the 1-hour chart, XRP displays choppy price action with a recent lowerSource link
Why the Issuer Pushing for an XRP ETF Is Bullish on Bringing NFTs to Wall Street
Canary Capital CEO Steven McClurg expects a revival in the NFT market.Source link
U.S.-Listed Bitcoin Miners Shed 25% of Their Market Cap in March: JPMorgan
The total market cap of the 14 U.S.-listed bitcoin (BTC) miners tracked by JPMorgan (JPM) dropped 25% in March, the third-worst monthly performance on record, the Wall Street bank said Tuesday.Only one stock, Stronghold Digital Mining (SDIG), outperformed bitcoin (BTC) last month, the report noted. Miners with high performance computing (HPC) exposure underperformed pure-play miners for the second month in a row."We note valuations today are at the lowest levels relative to the block reward since the collapse of FTX in the Fall of 2023," analysts Reginald Smith and Charles Pearce wrote.The average network hashrate inched higher during the month to 816 exahashes per second (EH/s), the report said. The hashrate refers to the total combined computational power used to...