Browsing: United States

Legislative shift and political support could pave the way for monumental price increases and establish Solana alongside major cryptos like Bitcoin and Ethereum.

Kadan Stadelmann, Komodo Platform’s CTO, examines Bitcoin’s potential as a decentralized, stable alternative in combating economic control and preserving financial sovereignty amidst global financial turbulence.

Tether is one of the top global buyers of short-term U.S. treasury bills, with holdings valued at $90.87 billion as of March 31, 2024.

Explore the monumental shift in global finance as Saudi Arabia ends its 80-year petrodollar deal with the U.S. What comes next? Will gold, the Chinese Yuan, or cryptocurrencies like Bitcoin take the lead? Dive into the implications of this historic change and how it might redefine international economic power dynamics.

This action arrives as leaders from the G7 nations are going to meet in Puglia, Italy, starting tomorrow.

This announcement comes just a day after the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act.

Legal experts note that while Zhao’s sentence reflects a departure from the severity of Bankman-Fried’s punishment, it underscores the consequences of regulatory non-compliance in the crypto space.

The former crypto magnate was also ordered to forfeit over $11 billion, following his conviction on seven counts of fraud and conspiracy tied to the collapse of FTX in 2022.

Bitcoin witnessed a remarkable surge, breaking the $66,000 barrier within just two hours following the Fed’s announcement, up from the day’s low of $60,976.

Ruslan Lienkha, Chief of Markets at YouHodler, shared his thoughts on the upcoming decision, its impact on financial markets, and how it may affect the Bitcoin and crypto market.