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Many US cryptocurrency companies and industry participants have rallied in support of Coinbase's legal battle against the Securities and Exchange Commission (SEC). These companies highlight broader concerns about the regulatory uncertainty plaguing the digital asset space. The move comes after Coinbase, one of the popular U.S. cryptocurrency exchanges, accepted the SEC's denial of a rulemaking motion. Supports Texas Blockchain, Paradigm and other petitions against Coinbase Coinbase's petition asked for clarification on how securities laws apply to digital assets. Among the notable companies that have announced their support for Coinbase is high-tech investment firm Paradigm Operations LP. With a strong focus…
Many US cryptocurrency companies and industry participants have rallied in support of Coinbase's legal battle against the Securities and Exchange Commission (SEC). These companies highlight broader concerns about the regulatory uncertainty plaguing the digital asset space. The move comes after Coinbase, one of the popular U.S. cryptocurrency exchanges, accepted the SEC's denial of a rulemaking motion.Supports Texas Blockchain, Paradigm and other petitions against CoinbaseCoinbase's petition asked for clarification on how securities laws apply to digital assets. Among the notable companies that have announced their support for Coinbase is high-tech investment firm Paradigm Operations LP. With a strong focus on regulatory…
Some of the world's biggest hedge fund managers, from Alan Howard to Steve Cohen, are looking to profit from the latest crypto rally.The cryptocurrency market is rapidly growing, and the world's largest hedge funds are increasingly interested in the emerging asset class. Brevan Howard launched a dedicated digital assets division in September 2021. The hedge fund's bet on the crypto market paid off in 2023, with its digital asset strategy returning 44%, compared to a 2.1% loss for its flagship master fund, according to Bloomberg. Founder Alan Howard is considering selling his stake in crypto companies Copper and Bitpanda and…
Bitcoin (BTC) continued its slide since early Tuesday as investors showed distrust in the world's oldest and most valuable cryptocurrency. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) were all in the red. Fantom (FTM) token became the biggest gainer, gaining more than 6% in 24 hours. On the other hand, Memecoin Dogwifhat (WIF) turned out to be the biggest loser, dropping over 22% in 24 hours. At the time of writing, the global cryptocurrency market capitalization was $2.45 trillion, a decline of 4.53% in 24 hours. Bitcoin (BTC) price todayAccording to…
In an alarming development, members of the Monero community have revealed a single menpool that is approaching serious control over the entire network. Despite active community posting, the Monero team has not yet provided an update, but this phenomenon could impact the entire network.Monero MineXMR PoolThe mining pool known as MineXMR is the top pool of the Monero miner community with over 12,851 miners collectively generating 1.5 million kH/s. The amount of hashrate generated by them alone accounts for his 44.2% of the total hashrate.The reason this is alarming is that it is never a good thing for a single…
SINGAPORE – Tokenize Xchange aims to quintuple its number of employees in Singapore after raising an additional US$11.5 million (S$15.4 million). The Singapore-headquartered cryptocurrency exchange told The Straits Times that it plans to expand its Singapore team from 20 to 100 staff within the next 18 months. The exchange said about a quarter of its new hires will focus on strengthening compliance and operations, and the move comes as global regulators move to tighten regulations in this area. He added that it reflects the efforts of The exchange announced that it has secured US$11.5 million in Series A, Phase 2…
House ” journal » Redefining cryptography: How Kaspa’s (KAS) codebase overhaul raises the bar The Kaspa team today released a post highlighting the tremendous amount of work and innovation happening behind the scenes as we rebuild the foundations of cryptography. Those familiar with Kaspa understand that this is no ordinary crypto project, but an ambitious effort to redefine blockchain infrastructure and scalability. According to their latest information, the past 18 months have been a period of rapid evolution and progress, as opposed to a story of slow development. At its core…
©Reuters. JP Morgan neutralizes US vs. Eurozone stock market preference JPMorgan analysts said in a note Monday that they have neutralized their U.S. vs. eurozone preferences for several reasons. The bank downgraded its eurozone to underweight versus the US in early May 2023 and has prioritized the US ever since. However, the US is now overweight in the Eurozone, and the Eurozone is trading at its lowest price relative to the US at any time prior to COVID-19. “In absolute terms, euro area valuations are at the historical median of 13 times fair value to P/E and fair value to…
Financial markets await Purchasing Managers Index's 'flash' forecasts (PMI) These are initial forecasts for the current month and are subject to revision.In the eurozone, S&P Global's HCOB eurozone PMI bulletin released on Thursday is the latest indicator of economic health, after the European Central Bank revised down its 2024 GDP growth forecast at its March meeting. It will provide a snapshot. The consensus estimate for the composite index in March is 49.7, still just below the contraction-to-expansion line, according to FactSet. The manufacturing PMI index is expected to be 47, and the services PMI index is expected to be 50.5.…
of euro area The annual inflation rate in February 2024 was 2.6%, down from 2.8% in January. A year ago, it was 8.5%. The European Union's annual inflation rate in February 2024 was 2.8%, down from 3.1% in January. A year ago, it was 9.9%. These numbers are Eurostat, Statistical Office of the European Union.The lowest annual percentage rates are: latvia, Denmark (both 0.6%) and Italy (0.8%). The highest annual interest rate was recorded by Romania (7.1%), Croatia (4.8%) and estonia (4.4%). Compared to January, annual inflation rates fell in 20 member states, remained stable in five, and rose in…