Crypto News
Bank Groups Urge US Senate to Close Gaps in Country’s New Stablecoin Law
The American Bankers Association, the Bank Policy Institute, and over 50 state banking groups warned of massive deposit flight risk.Source link
Transak Raises $16 Million From Tether and IDG Capital to Expand Stablecoin Payments Infrastructure
Transak, a fiat-to-crypto infrastructure provider, has raised $16 million in a strategic funding round led by Tether and IDG Capital to enhance its stablecoin payments infrastructure and expand operations into new markets. The funding round also saw participation from several investors, including Primal Capital, 1kx, and Protein Capital. With over $2 billion in processed transactionSource link
Markets Today: OKB, FART Surge as Ether Races Toward Record Highs
The crypto market was a sea of green early Wednesday, with altcoins including OKB, PUMP, BNSOL, JITOSOL and SOL chalking out double-digit gains alongside ether's rapid surge toward record highs. "Bitcoin rose by a modest 0.4% during the day and remains 2% below the levels of 30 days ago — clear evidence of the market's switch to altcoin-mode," Alex Kuptsikevich, the chief market analyst at the FxPro said. "We suspect that investors are selling the first cryptocurrency to finance purchases of altcoins. And it is hardly reasonable to talk about a reversal in sentiment, given the rally in altcoins and the historic highs of the S&P 500 and Nikkei 225," he said. Derivatives PositioningEther's (ETH) price rise is accompanied by...
Estonian Founders of HashFlare Bitcoin Mining Scam Jailed for 16 Months
The U.S. Department of Justice is considering whether to appeal, as the sentence falls well short of the 10-year prison term sought by prosecutors.Source link
Ethereum Liquidations Top $294 Million As ETH Approaches New All-Time High
ETH short liquidations alone account for nearly half of all crypto liquidations in the last day as Ethereum nears its all-time high.Source link