ETH dropped below a key support in its USD and BTC pair, but analysts say a bullish trading pattern could eventually spark a sharp trend reversal. The cryptocurrency market was hit with another round of selling on May 26 as Bitcoin (BTC) price dropped to $28,000 and Ether (ETH) briefly fell under $1,800. The ETH/BTC pair...Continue Reading

The Fed vice chair told the House Financial Services Committee that a CBDC offers stability, interoperability in increasingly complex economic system. United States Federal Reserve vice chair Lael Brainard submitted a written statement in advance to the Financial Services Committee virtual hearing on the benefits and risks of a U.S. central bank digital currency (CBDC)...Continue Reading

Through a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said. Tether’s decision to launch a new digital asset pegged to the Mexican peso will be a boon to crypto adoption in the Central American country by providing more onramps to the USDT stablecoin, according to Paolo Ardoino.  In an exclusive...Continue Reading

SOL price can preserve the bullish bias, however, as its two multi-month support levels converge for the first time. Solana (SOL) dropped on May 26, continuing its decline from the previous day amid a broader retreat across the crypto market. SOL price pennant breakdown underway SOL price fell by over 13% to around $41.60, its...Continue Reading

Looming macroeconomic concerns and this week’s $1B ETH options expiry threaten to pin Ethereum price under the $1,800 support. Ether’s (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since July...Continue Reading

A wick to $28,000 sparks hopes of multi-week highs but caution remains over thin order book liquidity. Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support.  BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin volume surges with more expected Data from Cointelegraph Markets...Continue Reading

The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region. Amid market issues surrounding stablecoins, Tether (USDT) launched a new digital asset that will be pegged to the Mexican peso on Ethereum, Tron and Polygon networks.  In an announcement sent to Cointelegraph on Thursday, Tether mentioned that the token...Continue Reading

On a Dutch talk show, Christine Lagarde said that crypto is “worth nothing,” as there’s no underlying asset that backs the currencies. The crypto community has fired back at European Central Bank (ECB) President Christine Lagarde for her recent anti-crypto remarks, with people expressing disappointment and even criticizing the euro. As crypto markets show signs...Continue Reading

Old Fashion Research has been functioning since late 2021, but now officially comes out of the shadows. Multi-strategy blockchain investment fund Old Fashion Research (OFR) has completed its first close. Led by several former executives from Binance, OFR invested in over 50 blockchain projects in its first year. According to an announcement, Old Fashion Research...Continue Reading

Millions of people in parts of the world lead limited economic lives, but opportunities to enter the digital economy are coming to many of them. Financial inclusion, accessible services and the unbanked are standard talking points in many conversations about crypto. But, the details may remain somewhat fuzzy — the people who talk about crypto...Continue Reading