Analyst Predicts Bitcoin Could Rise as US Banks React to Fed Chairman’s Speech
An analyst and cryptotrader, founder of the consulting crypto-platform EightGlobal analyzed the relationship between the banking sector and the crypto market, listing possible scenarios for the first cryptocurrency. U.S. bank stocks reacted by falling on the speech of U.S ...
Australian Regulator to Introduce Daily Reporting for Banks on Crypto Investments
Amid the turbulence in the American banking sector, the Australian Prudential Regulation Authority (APRA) has announced plans to mandate daily reporting for domestic banks regarding their investments in startups and cryptocurrencies. As reported by the Australian Financial Review, APRA has issued ...
US Bank Collapses Trigger Surge in Decentralized Exchange Usage and USDC Popularity
Chainalysis has reported that a series of bank collapses in the United States triggered an outflow of funds from centralized exchanges to decentralized exchanges, as well as an uptick in the popularity of USDC. According to Chainalysis analysts, during times of turmoil in traditional financial ma ...