The FDIC will enhance its digital asset risk assessments, per recommendations by the Office of the Inspector General, to address potential risks in the crypto industry. Key Takeaways In response to a report from the U.S. Office of the Inspector General, the Federal Deposit Insurance Corporation (FDIC), the agency responsible for overseeing financial institutions and insuring deposits in the United …
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Robert Kiyosaki, author of “Rich Dad Poor Dad,” predicts gold hitting $3,700, Bitcoin reaching $135,000, and silver rising to $68 per ounce. Key Takeaways On October 20, renowned financial educator and bestselling author Robert Kiyosaki, known for his “Rich Dad Poor Dad” series, made waves in the financial world by sharing his predictions for silver, gold, and Bitcoin. Kiyosaki’s financial …
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Bitcoin (BTC) and Bitcoin SV (BSV) surge due to Bitcoin ETF anticipation. BSV rises 20% to $39.85, BTC to $28,817. Institutional interest grows. Key Takeaways: In a week characterized by remarkable activity in the cryptocurrency market, both Bitcoin (BTC) and Bitcoin SV (BSV) have experienced significant price surges. Notably, on Wednesday, Bitcoin SV saw a staggering 20% increase, reaching a …
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Bitcoin’s price could see further growth in 2023, potentially reaching $45,000-$50,000. Key Takeaways: Bitcoin (BTC) has been on a remarkable run in 2023, surging by over 70%. The cryptocurrency’s price has been bolstered by a combination of factors, including a banking crisis and growing optimism surrounding the approval of a Bitcoin exchange-traded fund (ETF) in the United States. 2020 Bitcoin …
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Australia’s central bank, RBA, explores central bank digital currencies (CBDCs) with a focus on potential benefits and challenges in the financial system. Key Takeaways The Reserve Bank of Australia (RBA) has signaled its interest in the potential implementation of a central bank digital currency (CBDC), marking a significant development in the world of digital finance. In a recent speech titled …
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Investors shift focus from ApeCoin and Pepe due to declining values, embracing NuggetRush’s innovative presale with P2E gaming and NFT features. Key Takeaways The cryptocurrency landscape is abuzz as NuggetRush (NUGX) makes waves with its ongoing presale, drawing in numerous ApeCoin ($APE) and Pepe ($PEPE) investors. This burgeoning cryptocurrency combines gold mining with a play-to-earn gaming element, standing out as …
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The XRP Ledger sees rapid growth, adding 11,000 new accounts in 12 days, reaching 4.812 million wallets, highlighting its expanding adoption. Key Takeaways Reaching Peak The XRP Ledger (XRPL) continues its robust growth trajectory, remarkably adding over 11,000 new accounts in a brief span of 12 days. This surge has propelled the total number of XRPL wallets to an astounding …
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The cryptocurrency market experienced a significant drop on “Red Monday,” with Bitcoin leading the decline after failing to break through the $28,000 resistance level. Key Takeaways A tremor rattled the cryptocurrency domain this Monday, with Bitcoin’s inability to cross the $28,000 threshold ushering in a notable slump across various digital currencies. Not only did Bitcoin’s struggle cast its shadow, but …
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Binance, a prominent cryptocurrency exchange, continues to employ the Ethereum account that has been accused of intermixing clients’ funds. Binance faced charges from the Securities and Exchange Commission (SEC) earlier this month, alleging that the exchange had combined funds into accounts held by entities which were under the control of Changpeng Zhao (commonly known as CZ), namely Sigma Chain and …
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The highly anticipated crypto regulatory framework in the Philippines has faced a delay. The Securities and Exchange Commission (SEC) had initially aimed to publish the guidelines by 2022. However, due to unforeseen circumstances, the launch has been postponed. Despite this setback, the SEC remains committed to implementing a robust regulatory framework for the crypto industry to provide clarity and guidance …
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