“`html US President Donald Trump is said to be preparing to sign an executive directive instructing banking regulators to examine allegations of debanking made by the cryptocurrency sector and conservative groups.The banking regulators would be tasked with investigating whether any financial institutions breached antitrust, consumer protection, or fair lending laws, based on a draft of the executive directive reviewed and reported by The Wall Street Journal on Monday.Entities found to be in violation of the laws may incur fines or other legal measures. Trump is anticipated to sign the order this week, according to reports, though the White House could…
Autore: wsjcrypto
“`html Stellar (XLM) is presently stabilizing around the $0.42 threshold following a tumultuous July surge that elevated prices by over 75%. Related Reading After a brief retreat to approximately $0.37, buyers have intervened, maintaining the token above essential support levels. As of early August, XLM fluctuates between $0.384 and $0.392, indicating a phase of healthy consolidation instead of panic-induced selling. Technical examination reveals that XLM is nearing significant resistance at $0.4007, with immediate support resting at $0.376. The Relative Strength Index (RSI) remains neutral, while declining trading volume suggests that current movements are motivated more by profit-taking than bearish sentiment.…
By Chloe Mari A. Hufana, Reporter THE Department of Agriculture (DA) on Monday proposed to President Ferdinand R. Marcos, Jr. a halt on rice imports along with heightened tariffs to safeguard local farmers facing declining farmgate prices. This initiative aims to protect Filipino rice producers from the persistent influx of low-cost imported rice, which has been exerting pressure on domestic prices in recent months, as stated by the Presidential Palace. The action seeks to find a compromise between aiding local farmers and ensuring a steady food supply throughout the country, it further noted. Presidential Communications Office Acting Secretary Dave M.…
“`html Essential points:Bitcoin rebounds as liquidation barriers emerge above and below its value, establishing $116,000 as a crucial level to monitor.Anticipations suggest that BTC price support should maintain above $110,000 in the event that bears gain dominance.ETF inflows are expected to offer insights into the market climate next, according to analysis.Bitcoin (BTC) neared $116,000 following Monday’s Wall Street opening as bulls aimed for selling liquidity.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBTC price faces significant liquidity barriersInformation from Cointelegraph Markets Pro and TradingView indicated BTC/USD at $115,732 on Bitstamp.A Weekend surge persisted as traditional finance markets reopened, with traders optimistic that additional BTC…
“`html The United Kingdom is lagging in the digital asset sector, especially regarding stablecoins, despite the technology’s potential to aid the nation in maintaining its prominent status in global financial services.This was a primary message in a recent Financial Times op-ed by George Osborne, the former UK chancellor who has become a crypto advocate and joined Coinbase as a consultant last year.“What I observe makes me uneasy. Rather than being an early adopter, we have permitted ourselves to fall behind,” Osborne remarked, referring to his homeland, the UK. A major worry for Osborne is the slow development of stablecoins — onchain…
Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Advertising Disclosure A recent analysis by Ripple, CB Insights, and the UK Centre of Blockchain Technologies indicates that blockchain technology is no longer exclusively for cryptocurrency enthusiasts – prominent global banks are among its most engaged investors. Entitled ‘Banking on Digital Assets: How Traditional Finance is Investing in Blockchain’, the study discovered that from 2020 to 2024, more than $100B was allocated to blockchain companies through over 10K agreements. Among these, 345 investments involved major financial institutions, with 33 of these surpassing $100M. Citigroup, JP Morgan Chase, Goldman Sachs,…
The Bus Rapid Transit (BRT) framework, under development in the prominent cities of Cebu and Davao, has the capability to alleviate the mass transit deficit and chronic traffic issues in Metro Manila. During a recent symposium that convened representatives from the Department of Transportation (DoTr), the Land Transportation Franchising and Regulatory Board (LTFRB), along with advocates for enhanced mobility within the Philippines, the advantages of BRT were highlighted and it may be crucial for reducing congestion on the thoroughfares of Metro Manila and addressing the mass transit insufficiency. As noted by Gonggom Sitanggang of the Institute for Transportation and Development…
Following a drop beneath the $115,000 mark over the weekend, Bitcoin has hit a significant threshold that could influence the future direction of the crypto market. It ultimately hinges on the support levels and the volume of purchases that can actually mitigate the impacts of extensive sell-offs that are persistently driving down the price. However, should bulls manage to maintain their position, it may indicate sufficient momentum exists behind the cryptocurrency to strive for new peaks. Why Bitcoin Needs to Retain $100,000 In an evaluation, crypto and market analyst MasterAnanda has highlighted that the Bitcoin price is already firming up…
BlackRock’s market-leading spot Bitcoin exchange-traded fund might expand further after the US Securities and Exchange Commission raised position limits for a variety of Bitcoin funds, as stated by the crypto financial services firm NYDIG.On Tuesday, the SEC augmented the permitted number of options contracts from 25,000 to 250,000 “for all ETFs with options,” encompassing the iShares Bitcoin Trust ETF (IBIT) but excluding the Fidelity Wise Origin Bitcoin Fund (FBTC), NYDIG’s global head of research, Greg Cipolaro, mentioned in a report issued on Friday.“This modification is expected to extend the substantial advantage that IBIT already possesses against other competitors, whilst weakening…
“`html Blockchain innovation can aid in revitalizing the US power grid by organizing human effort and underutilized resources to establish decentralized energy systems, as stated by Cosmo Jiang, a general partner at the venture capital firm Pantera.“The entirety of civilization, since time immemorial, has been founded on the alignment of incentives, and blockchain represents a novel method to motivate individuals in a decentralized manner that wasn’t feasible until now,” Jiang informed Cointelegraph during an interview.The VC elaborated that enterprises within the gig economy have created avenues for individuals to capitalize on their spare time and resources beyond standard working hours…