Market focus

One of the key financial departments in the United States might get a left-leaning executive with a very negative attitude towards cryptocurrencies ready to protect fiat money and public finance. I would call this the most important news for the world economy over the past months. We are talking about the potential appointment of Saule…

Breaking crypto news from the last week (Oct. 23 – 29, 2021): 23 Oct.: Walmart, the world’s largest company by revenue, enables customers to buy Bitcoin at dozens of its U.S. stores. The retail giant is offering Bitcoin through 200 of its Coinstar ATMs in partnership with crypto firm Coinme. This service can be extended…

Ether (ETH), the cryptocurrency minted on the Ethereum blockchain, is the second biggest cryptocurrency in market cap, behind Bitcoin. It reached an all-time high on Thursday night, touching $4,400 for the first time. Meanwhile, the current meme-coin craze is also contributing to ETH’s value proposition, with Shiba Inu (SHIB) now consuming more gas than even…

The Financial Action Task Force (FATF) is looking to ramp up the pressure on countries to adopt crypto regulations – and its updated guidance has made mention of non-fungible tokens (NFTs), decentralized finance (DeFi), peer-to-peer (P2P) trading, and stablecoins for the first time. The FATF published their report Friday on how best to tackle the…

The largest US banks are pleading with regulators for a way to work with cryptoassets. It has sparked a debate on what the boundaries for the new asset class should be. In the meantime, one American bank has already taken a risk and started working with crypto. On September 21, an advocacy group Financial Services…

Investors poured a record $1.5 billion into the cryptocurrency market last week, as the first-ever Bitcoin ETF kicked off trading, with the underlying asset itself hitting an all-time high, digital asset manager CoinShares’ report said on Monday. The 10th straight week of inflows was also the largest ever, far surpassing the prior weekly record of…