Federal Reserve relaxes crypto partnership rules for banks

The US Federal Reserve confirmed that it rescinded earlier directives concerning banks’ involvement with crypto and dollar tokens, according to an April 24 statement. One significant change involves the 2022 supervisory letter, which required banks to notify regulators before engaging in any crypto activities. Going forward, banks will no longer need to provide advance notification. … Read more

Bitcoin Price Watch: Key Resistance at $95.5K Holds the Next Bullish Trigger

Bitcoin is consolidating just beneath its recent peak, following a sharp rally that pushed it to the upper bounds of this week’s trading range. The sustained strength in price action and volume highlights strong bullish sentiment, though key resistance at $95,500 remains a pivotal level to watch. Bitcoin Across the 1-hour chart, bitcoin shows short-term … Read more

Is 8% Of Bitcoin Owned By Institutions A Threat To Its Future?

Institutional ownership of Bitcoin has surged over the past year, with around 8% of the total supply already in the hands of major entities, and that number is still climbing. ETFs, publicly listed companies, and even nation-states have begun securing substantial positions. This raises important questions for investors. Is this growing institutional presence a good … Read more

Exploring the Potential of Ethereum Through Documentary Filmmaking: Insights from ‘Vitalik: An Ethereum Story’

Documentary filmmakers Zach Ingrasci and Chris Temple unveil a captivating exploration of Ethereum and its visionary co-founder, Vitalik Buterin. By leveraging innovative crowdfunding strategies and blockchain technology, the duo showcases the transformative potential of cryptocurrencies in the film industry. “When you connect with someone like Vitalik, who embodies the spirit of innovation, you’re inspired to … Read more

China may shift from US Treasurys toward gold, crypto — BlackRock exec

Central banks, particularly China, may start to shift away from US Treasurys, exploring alternatives such as gold and Bitcoin, according to Jay Jacobs, BlackRock’s head of thematics and active ETFs. In a recent interview with CNBC, Jacobs said that geopolitical tensions and rising global uncertainty are accelerating diversification strategies among central banks. He pointed to … Read more