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Bitcoin has dropped below $71,000 as market sentiment weakens amid fading hopes for a Federal Reserve rate cut in 2026. This decline in cryptocurrency prices coincides with a downturn in stock markets, which closed at session lows. Investors are increasingly concerned about the potential for prolonged interest rate hikes,
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Fairshake, a cryptocurrency advocacy group, faced a setback in Illinois after its attempt to secure $10 million in state funding was rejected. This marks a significant challenge for the organization, which has been at the forefront of promoting crypto-friendly legislation. The funding was intended to support initiatives aimed at fostering
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The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq's plan to support the trading of tokenized securities. This move allows Nasdaq to facilitate the trading of digital assets that represent ownership in traditional securities, potentially enhancing liquidity and accessibility. The approval is seen as a significant
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The ongoing conflict in Iran is contributing to a shift in the global economic landscape, marking the end of an era characterized by cheap money and low inflation. Analysts suggest that the war is establishing a "permanent inflation floor," as geopolitical tensions and supply chain disruptions drive prices
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The Federal Reserve decided to maintain its current monetary policy amid rising concerns over economic growth and inflation, exacerbated by the ongoing conflict in Iran. This decision reflects the Fed's cautious approach as it navigates the complexities of global events impacting the U.S. economy. Officials are closely
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Kalshi co-founder Tarek Mansour is challenging Arizona's recent regulatory actions, which he views as an overreach into federal jurisdiction concerning prediction markets. The state has implemented rules that Kalshi believes could hinder its operations, prompting Mansour to argue that such regulations conflict with federal law. Legal experts describe
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The Bank of Korea has expanded its digital won trials by adding two additional banks, bringing the total to four participating institutions. This move marks the beginning of real-world testing for the central bank digital currency (CBDC) in South Korea. The trials aim to assess the functionality and potential use
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Bitcoin's hash rate has significantly decreased due to rising energy prices linked to the ongoing conflict in Iran. The increase in energy costs has made mining less profitable, leading to a reduction in the number of active miners. This decline in hash rate could impact the security and
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Stripe has launched a new payments blockchain called Tempo, designed specifically for AI agents. The protocol aims to facilitate seamless transactions between AI systems and enhance their ability to process payments efficiently. Tempo leverages blockchain technology to ensure security and transparency in financial interactions involving AI. This initiative reflects the
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Bitcoin remains below the $75,000 mark despite the recent introduction of landmark regulations for cryptocurrencies by the SEC and CFTC. These new rules aim to provide clearer guidelines for the crypto market, potentially boosting investor confidence. However, market analysts suggest that Bitcoin's price stagnation may be due
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Bitcoin remains stable at $74,000 as traders adopt a cautious approach ahead of the upcoming Federal Reserve meeting. Market participants are closely monitoring potential interest rate changes that could impact cryptocurrency prices. Analysts suggest that the current price stability may reflect uncertainty in the broader economic landscape. Additionally, trading
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Bitcoin's recent rally is facing potential setbacks as investors prepare for the Federal Reserve's upcoming decision on interest rates. Market analysts suggest that the excitement surrounding Bitcoin's price surge may lead to a "sell the news" phenomenon, where traders cash in profits