Russia’s central bank intends to comprehensively study the country’s cryptocurrency market and compile its findings within months. The authority will be collecting detailed information from market participants to determine how much Russians are invested in crypto assets and derivatives. Russian central bank to carry out massive crypto survey The Central Bank of Russia (CBR) is
U.S. stocks opened lower today as Wall Street weighed the immediate impact of the U.S. government’s official shutdown, and as the dollar slipped, gold and Bitcoin soared. Summary US stocks wavered as U.S. government officially shut down on Wednesday ADP data shows private payrolls declined by 32,000 in September, with this a key report for
During a recent appearance on Bloomberg TV, reporter Isabelle Lee explained Vanguard’s possible pro-crypto pivot, clarifying that it is still unclear whether the $11 trillion financial behemoth will end up offering cryptocurrency products on its platform. “It’s not a ‘yes’ yet, but it’s not a ‘no’ anymore,” she said while commenting on her recent reporting.
The federal government shutdown in the US could disrupt the long-awaited spot ETF approval process in the cryptocurrency market. The Securities and Exchange Commission (SEC) added to the uncertainty by announcing that it will not conduct activities during the shutdown. The SEC announced in an official statement that it will not review or approve new
Strategy, the world’s largest corporate holder of Bitcoin, is no longer anticipating a multi-billion tax liability from an increase in the value of its $75 billion stockpile, following a clarification from the IRS and Treasury Department on Tuesday. In a 71-page document, the regulators said that firms are not required to incorporate unrealized gains or
Cryptocurrencies are having an explosive start this month, with $70 billion added to the overall crypto market capitalization in under 30 minutes on Wednesday, October 1. More precisely, the total value was sat at $3.87 trillion at around 10:25 AM CET (8:25 AM UTC), only to go up to $3.94 trillion at approximately 10:55 AM
The US government shutdown is threatening to be a long one, which may cause rating agencies to downgrade the nation’s credit. This bearish signal would cause chaos for TradFi, but a possible opportunity for Web3. Specifically, agencies warned that further deadlock could damage the US’s credit rating. Prediction markets are currently rather confident that this
Key Takeaways GiveDirectly is administering a New York pilot that distributes $12,000 in stablecoins to low-income young adults, funded by Coinbase. The program targets low-income young adults in New York, selected by lottery. A pilot program in New York is providing $12,000 in stablecoins to low-income residents through Coinbase funding, administered by the nonprofit GiveDirectly.