Crypto Financial News

Cryptocurrency ownership in Canada declined in 2022 due to a plethora of factors including uncertainty in regulation, fear of digital asset scams, and unfavorable market conditions.

Major cryptocurrencies saw an increase in their prices in the final hours of trading yesterday, coinciding with the news of MicroStrategy Inc's financial recovery in Q2.

India has backed calls for a properly structured legal regime on digital assets globally in its latest release to the G20. 

bitcoin hit a six-week low following a hack at Curve Finance, a platform where users can borrow and trade in crypto. Bitcoin, the world's biggest cryptocurrency, fell about 2% to $28,870.

Despite recent changes to macroeconomic policies, analysts warn that Bitcoin could still plummet to $25,000.

The National Bank of Ukraine (NBU) has requested local cryptocurrency firms to file details of their financials, raising concerns over new regulatory measures. 

Bitcoin's price plunged under the psychologically significant support level of $30,000 over the past week, reaching a close of $28,874 today.

Crypto casino platform Coco records a staggering debut as it nets over $36 million within 12 hours according to data on Etherscan. 

In the burgeoning web3 industry, crypto-startup Launchpad XYZ is carving a unique niche. Not content to merely offer trading services, the company is bolstering its platform with educational resources, crypto presales analysis, and heightened security measures. 

The bill's implication on the industry is far-reaching as it affects privacy coins, crypto mixers, and several digital asset exchanges.

Mark Yusko, the principal of Morgan Creek Capital Management, a fund management organization with $1.6 billion in its custody, shared some thought-provoking predictions about the future value of Bitcoin today.

In a move to combat ongoing inflationary pressures in the U.S. economy, the Federal Reserve announced a 0.25% hike in its key interest rate, pushing it to a high of 5.5%—a level unseen in 22 years. Despite witnessing a decline in consumer prices for a consecutive 12-month period, June marked a rise with a 3% year-on-year increase. 

As broadly expected by market participants, the US Federal Reserve just lifted interest rates by 25 bps, taking them to their highest level in 22 years at 5.25-5.5%.

Ripple’s legal chief Stuart Alderoty says that a potential appeal by the Securities and Exchange Commission (SEC) after the recent ruling could play into the hand of the company. 

Prime Minister Fumio Kishida of Japan made a resolute statement today that could be a boon to crypto markets, reiterating the country's ambition to be at the forefront of Web3 innovation.

Ripple, last week witnessed a rally in the cryptocurrency market. However, the current week has been marked by increased volatility for most cryptocurrencies. Bitcoin began the week on a strong note, maintaining a position well above the $30,200 level. As the week progressed, it experienced a decline, slipping below the crucial threshold from Tuesday onwards. Despite briefly consolidating above the $30,000 level, Bitcoin faced further downward pressure as investor interest shifted towards alternative coins such as Ripple, Cardano, and Solana. These altcoins have demonstrated significant growth over the past week, luring attention away from Bitcoin. At one point during this week, Bitcoin hit its lowest level in a month, reaching $29,500. Currently, BTC is encountering resistance around the $30,000 level while finding support at the $29,600 mark. This tug-of-war between resistance and support levels indicates an ongoing struggle for dominance among bulls and bears. Traders and investors are closely monitoring these developments to better understand the market's direction and potential opportunities. Conversely, Ethereum, the second-largest cryptocurrency, previously trading comfortably above the $1,900 level, also witnessed a drop below that critical threshold. XRP, having achieved an impressive 70% gain in the past week, secured the fourth position with a higher market cap than BNB; however, it too, experienced sell-offs on Friday.

Bitcoin is currently trading at $29,038 and has dipped by 3.47% so far today, likely due to market anticipation of the Federal Reserve's interest rate announcement on July 26.

The aftermath of the court ruling in the Securities and Exchange Commission’s (SEC) case against Ripple continues to be debated along many lines as industry analysts mirror the judgment to find needed regulatory direction.

The United States Department of Justice is set to expand its digital asset crime enforcement teams in the coming months as part of wider plans to reduce virtual-asset-related crimes. 

FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than US$1 billion they allegedly misappropriated before FTX went bankrupt.

$433.8m of the inflows throughout June went to just the top 20 ETFs and ETPs, with BTCetc – ETC Group Physical Bitcoin — Acc gathering $121.2m, the largest individual net inflow.