Author: Kryptonews
In brief Quantexa designed an AML solution for mid-size and community banks. It can help them identify crypto-powered crime, according to Quantexa’s Christopher Bagnall. Stablecoin legislation is expected to unlock new competitors. Quantexa, a data and analytics software firm, introduced a product on Wednesday that’s intended to help smaller financial institutions fight crypto-powered crime in the U.S.The London-based company is now offering a cloud-based, anti-money laundering (AML) solution through Microsoft’s cloud computing platform, which is “designed specifically for U.S. mid-size and community banks,” according to a press release.Quantexa said the pre-packaged product allows teams investigating financial crimes to make faster…
Following an all-time high (ATH) reached last August, Ethereum (ETH), the market’s second-largest cryptocurrency, has found itself in a consolidation phase, trading between $4,200 and $4,700. This price range reflects a broader stagnation in the cryptocurrency market, as various digital assets, including Bitcoin (BTC), struggle to regain the momentum that led both BTC and ETH reach new records above $124,000 and $4,9000 respectively. Notably, Citigroup, the third-largest investment bank in the United States, has tempered expectations for the Ethereum price, forecasting a year-end price target of $4,300 for the altcoin. Citi Forecasts Moderate ETF Inflows Into Ethereum According to a…
US President Donald Trump has launched a $15 billion lawsuit against The New York Times, claiming the newspaper and several reporters intentionally harmed his reputation and the TRUMP memecoin project.In a statement posted on Truth Social, Trump accused the Times of a long history of “lies and smears” that he believes favor Democrats.He highlighted the paper’s endorsement of Vice President Kamala Harris during the last election as proof of bias, framing the lawsuit as a response to what he views as partisan attacks.According to him:“They practiced this longterm INTENT and pattern of abuse, which is both unacceptable and illegal. The…
Bitcoin has established a new resistance around $116,000, which is unlikely to change until the cryptocurrency gains renewed momentum, Bitfinex analysts say.However, two potential catalysts on the horizon could help bolster the price of Bitcoin (BTC).“BTC now trades at the upper edge of the range near $116,000, which remains resistance until decisively reclaimed,” Bitfinex said in a report on Tuesday. The report added that since Bitcoin’s momentum has faded since it hit an all-time high of $124,100 on Aug. 14, and its price has been pulled below the cost basis of recent buyers who entered during the top, in the $108,000…
A “third mandate” from the US Federal Reserve could change long-term monetary policy if actioned, which could be bad news for the dollar but good news for crypto.The Fed has long been considered to have a dual mandate — price stability and maximum employment — but President Donald Trump’s pick for Fed governor, Stephen Miran, cited a “third mandate” earlier this month, sparking speculation on the future of central bank monetary policy. The third mandate is a statutory requirement buried in the Fed’s founding documents, which states that the central bank actually requires three objectives: maximum employment, price stability and moderate…
The cryptocurrency market remains stable as investors await the US Federal Reserve’s much-anticipated interest rate decision. Let’s explore the top updates today. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Cryptocurrency News, News Julia is an experienced content writer. She works with various topics and business domains, including but not…
Bitcoin prices have tapped $117,000 twice over the past couple of hours as the asset reached its highest level since August 23, almost four weeks ago. BTC gained 1.5% on the day, and almost 5% on the week, but had retreated slightly to $116,600 at the time of writing on Wednesday morning in Asia. The move comes on the day that the US Federal Reserve is expected to lower interest rates for the first time this year. This will lead to greater liquidity and a potential cycle of monetary easing, which has been historically bullish for riskier assets such as…
The Cathie Wood-led ARK Invest has bought more than 160,000 shares in the crypto exchange Bullish in the asset manager’s latest scoop of crypto-related stocks.In a filing on Tuesday, the company revealed it bought around $8.21 million worth of Bullish shares across two of its funds, the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW), with the funds buying up 120,609 shares and 40,574 shares, respectively.The firm now holds over $129 million worth of Bullish stock across ARKK, ARKW, and its ARK Fintech Innovation ETF (ARKF).ARK Invest bought more than 160,000 shares in Bullish across ARKK…
The four curious creatures staring down passersby in front of the Metropolitan Museum of Art trace back, in a way, to early paintings that Indigenous artist Jeffrey Gibson made on animal hides. At a talk on Monday introducing his new commissioned work for the museum’s facade, Gibson discussed two paintings from 2013 that feature his distinctive dynamic style on the surface of brain-tanned elk hides. Related Articles While painting on hides, he said, “you come across scars. You come across hair follicles. You’re reminded that it’s an animal. Had I done these paintings on canvas, they could be read as…
Key Takeaways BlackRock’s Bitcoin ETF, IBIT, purchased 1,810 Bitcoin on September 16. The value of this purchase amounts to $209.2 million. Share this article BlackRock’s Bitcoin ETF IBIT purchased 1,810 Bitcoin worth $209.2 million on Sept. 16.The acquisition represents continued institutional investment in the leading digital asset through the exchange-traded fund vehicle. Share this article
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