Read enCRYPTed news, get deCRYPTed insights

Topic

Economy

A collection of 596 issues

FTX Moves to Liquidate Sam Bankman-Fried's Bahamian Properties Amid Legal Proceedings

Introduction: In a recent development that has caught the attention of the cryptocurrency world, FTX, a prominent player in the crypto exchange market, has filed a court request to sell a significant number of properties located in the Bahamas. This move is part of the ongoing legal and financial restructuring

"Bitcoin's Rollercoaster Ride: The Impact of Misinformation and Regulatory Clarifications"

In the dynamic world of cryptocurrency, a single piece of misinformation can trigger significant market fluctuations, as was recently witnessed with Bitcoin (BTC-USD). This article delves into the events surrounding a false report that led to a brief spike in Bitcoin's value and the subsequent clarification by the

DeFi Identity: A Priority for U.S. Policymakers, Urges CFTC

In a rapidly evolving financial landscape, the Commodity Futures Trading Commission (CFTC) is urging U.S. policymakers to focus on the challenges posed by decentralized finance (DeFi). The CFTC's recent report highlights the need for identifying and prioritizing projects of utmost concern, emphasizing the importance of digital identity,

Honduras Special Zone Embraces Bitcoin, Bolstering Financial Freedom

Introduction In a groundbreaking move, Próspera, a special economic zone in Roatan, Honduras, has officially recognized Bitcoin as a unit of account. This significant development, less than two years after Bitcoin was adopted as legal tender, marks a new era of financial autonomy in the region. Jorge Colindres, the tax

The Rapid Decline of Meme Coins on Solana: A Detailed Analysis

Introduction In December 2023, the cryptocurrency market witnessed a significant event: the value of the most popular meme coins on the Solana network, including BONK and WIF, plummeted by an average of 80%. This decline followed a period of rapid growth, where some of these digital assets had surged by

South Korea's Bold Move: Proposing a Ban on Crypto Purchases with Credit Cards

**Introduction** In a significant development, the South Korean Financial Services Commission (FSC) has announced a proposal to ban the use of credit cards for purchasing cryptocurrencies. This move comes amid growing concerns over the illegal outflow of domestic funds, money laundering, and speculative activities associated with cryptocurrency transactions. As one

SEC To Finalize Comments On Spot Bitcoin ETFs With Stock Exchanges Today

Source: Based on information from Eleanor Terrett of FOX Business Introduction: * The U.S. Securities and Exchange Commission (SEC) is set to hold pivotal meetings today with major stock exchanges concerning the finalization of comments on the proposed Spot Bitcoin Exchange-Traded Funds (ETFs). * These meetings are crucial in shaping the

Navigating the Highs and Lows: Cryptocurrency's Volatile Journey in 2023

Introduction * Overview of the cryptocurrency market in 2023. * Highlight the total losses due to theft and hacking. The Landscape of Cryptocurrency Usage * Growth in cryptocurrency adoption among different demographics. * Variety of cryptocurrencies in use and their applications. Risks and Challenges in Cryptocurrency * Overview of the inherent risks in cryptocurrency storage

Morning Market Update

As the sun rises over Wall Street, the cryptocurrency market is showing signs of vibrant activity. With most altcoins in the green, investors are witnessing a promising start to the day. Bitcoin (BTC) is currently trading around $45,500, while Ethereum (ETH) hovers around $2,390, displaying a robust performance

Europe Crypto Tracker: Surge in EU Crypto Registrations Signals Evolving Landscape

Introduction * Overview of the surge in crypto entities in the EU. * Brief mention of DL News’ Europe Crypto Tracker findings. Analysis of the 2023 Surge * Detailed breakdown of the nearly 1,000 new registrations. * Comparison with previous years. Impact of MiCA * Explanation of MiCA and its anticipated effects. * Member states&