Markets: Bitcoin Down, Ether up; US Equities Rise as Unemployment Benefit Claims Slide
Bitcoin was down and Ether was up on Friday morning in Asia, while most top 10 non-stablecoin cryptocurrencies by market capitalization fell. Polygon led losses after its block explorer crashed temporarily. U.S. equities ended Thursday higher despite the latest unemployment claims data coming in lower than expected. The total crypto market capitalization inched 0.05% higher to US$1.09 trillion, while the total trading volume fell by 4.05% over the past 24 hours to US$60.05 billion. (forkast)
MEXC Lowers Trading Fees As It Works to Strengthen and Build Crypto Community Worldwide
MEXC, the leading cryptocurrency exchange that performed exceptionally well throughout the recent market downturn, has announced a major reduction in trading fees.
IMF Board ‘Generally Agreed’ Crypto Shouldn’t Be Legal Tender
Cryptocurrency should in general not be granted legal tender status, the International Monetary Fund’s (IMF) Executive Board said in a statement Thursday.
FTC Launches Investigation Into Voyager’s Alleged Deceptive Crypto Marketing Tactics
The Federal Trade Commission (FTC) has announced that it is investigating the bankrupt crypto lender Voyager Digital for “deceptive and unfair marketing of cryptocurrency to the public.”
Mini-Burritos and MiCA: US Congressional Staff Talk Crypto With Europeans
A delegation of U.S. congressional staff meeting with crypto industry representatives in Brussels on Wednesday featured hard questions and concerns over preventing another FTX. It also highlighted political splits in U.S. views on digital assets.
Fed Issued Joint Statement on Liquidity Risks to Banks, Highlighting Crypto Market Vulnerabilities
Banking organizations are neither prohibited nor discouraged from providing banking services to customers of any specific class or type.
Diversifying Revenue Streams in The Web 3 Creator Economy
Over the next decade, we will see many traditional content creators begin to adopt blockchain technology and specifically NFTs as a monetization strategy.
IMF Calls for Coordinated Action Over Fears Crypto Could Undermine Global Monetary System
The International Monetary Fund took a seemingly tough stance toward growing crypto adaptation with a set of recommendations for member countries and a call for a "coordinated response."
Capital Flowing Back Into Crypto at $4.5B Per Month, Largely into Bitcoin and Ethereum
The recent surge in inflows follows an extended period of persistent outflows since the Terra blowout of last May.
There Are Now More Than 130 U.S. Banks Actively Involved in Crypto
A significant number of United States banks under the Federal Deposit Insurance Corporation (FDIC) are increasingly exploring the crypto space seeking to offer different services amid consumer demand.
