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The latest crypto coverage from the TrustFinance editorial desk.
The National Bank of the Kyrgyz Republic has signed a Memorandum of Understanding with blockchain security firm CertiK to collaborate on its central bank digital currency initiative and establish a regulatory framework for digital assets.
The global bank initiated coverage on the Layer 2 network, projecting a nearly 70-fold increase for the ARB token driven by the growth of tokenized assets in traditional finance.
Bitcoin and the broader cryptocurrency market fell on Thursday, pressured by a flight from risk assets amid escalating U.S.-Iran conflict and a sharp rise in U.S. Treasury yields.
Bitcoin remained stable on Tuesday as investors await a crucial U.S. Senate vote on the 'Clarity Act' for crypto regulation and a widely expected interest rate hike from the Federal Reserve.
Bitcoin's price remained stable early Tuesday as market participants brace for a pivotal U.S. Senate vote on the Clarity Act for crypto regulation and a widely anticipated interest rate hike from the Federal Reserve.
Bitcoin's chart has formed a 'golden cross,' a key bullish technical signal, supported by a $3.8 billion inflow into spot ETFs over the past three weeks. However, historical performance of the signal is mixed and significant market resistance lies ahead.
Bitcoin's price rose after August inflation figures met economist expectations, strengthening the case for a Federal Reserve interest rate increase next week. The rally in risk assets was tempered by ongoing geopolitical tensions.
Bitcoin's price recovered on Wednesday, buoyed by renewed investor interest in crypto ETPs, but concerns over a potential Federal Reserve rate hike and rising oil prices limited further advances.
Brian Armstrong, CEO of Coinbase Global, stated that he believes Bitcoin has reached its lowest point for the current four-year cycle and anticipates an upward trend over the next one to two years ahead of the next halving event.
