The US Federal Reserve confirmed that it rescinded earlier directives concerning banks’ involvement with crypto and dollar tokens, according to an April 24 statement. One significant change involves the 2022 supervisory letter, which required banks to notify regulators before engaging in any crypto activities. Going forward, banks will no longer need to provide advance notification….
Bitcoin adoption among United States financial institutions could see a major boost after the US Federal Reserve withdrew its guidance discouraging banks from engaging with cryptocurrency. On April 24, the Fed withdrew its 2022 supervisory letter that served as guidance to deter banks from engaging in crypto and stablecoin activities. The withdrawal spurred a notable…
Semler Scientific (SMLR) bought an additional 111 bitcoin (BTC) for an average purchase price of $90,124, using proceeds from at-the-market offering and cash on hand, it announced in a press release. This brings the medical device maker’s total bitcoin holdings to 3,303 BTC, which were purchased at a total cost of $290.4 million. Semler said…
Bitcoin’s (BTC) recent uptrend has likely set the stage for a six-figure price mark, catalyzing increased trading activity in the memecoin sector, where DOGE and SHIB are seeing bullish activity. BTC, the leading cryptocurrency by market value, briefly topped $95,000 soon before press time, the highest since March 2, CoinDesk data show. The move comes…
As the Russian government is considering a ban on cash-to-cryptocurrency transactions, some major local crypto exchange platforms have experienced police raids. Mosca, a crypto-to-cash exchange located in the Moscow International Business Center, was raided on April 23 in connection with fraud by one of its customers, Mosca’s development head Dmitry Titarenko confirmed to Cointelegraph. “Law…
BlackRock’s iShares Bitcoin Trust (IBIT) dominated the latest wave of inflows, securing $327.3 million. 87.3% of Bitcoin’s supply is now profitable, up from 82.7% in March. On-chain data suggests accumulation is rising amid retail FOMO signals. Bitcoin exchange-traded funds (ETFs) in the United States attracted $442 million in net inflows on Thursday, marking the fifth…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2774.43, up 1.5% (+40.48) since 4 p.m. ET on Thursday. Eighteen of 20 assets are trading higher. Leaders: SUI (+13.7%) and BCH (+7.1%). Laggards: POL (-1.9%) and ADA (-0.5%)….
Today in crypto, Circle’s chief strategy officer and head of global policy, Dante Disparte, denied reports that the company is seeking a US federal bank charter, ARK Invest has said Bitcoin could hit a top of $2.4 million by 2030, and the CME Group said it plans to launch XRP futures contracts. Circle executive denies…
The meme coin segment’s market cap grew 8.60% to $56.47 billion. Coinglass data shows 63.66% of Dogecoin derivatives traders are holding long positions. Fibonacci levels highlight $0.2131 as the next major target after $0.20. Dogecoin is once again capturing market attention as Bitcoin maintains its stronghold above $93,000. Over the last 24 hours, the meme…
The team behind the Trump memecoin said Thursday that the top 220 holders on its list, where the smallest wallet holds $420 worth of TRUMP, are eligible to win dinner with President Donald Trump, contrary to rumors that a six-figure token stash was required. “We want to clarify a few things people seem confused by…
