The European Central Bank (ECB) has raised its key interest rates by 25 basis points, but at a slower pace than previous increases. Despite this, the regulator insists that future rate hikes may still be expected, as inflation in the euro area remains persistently high. The ECB aims to seek a “timel

Online responses to a measure filed in Kenya that might impose a tax on Bitcoin and NFT payments have been varied.Source: www.benjamindada.comAccording to a recently filed bill, Kenyan MPs are considering enacting a 3% tax on cryptocurrency and non-fungible token (NFT) transactions and a 15% tax on

1. Market TrendBetween April 28 and 9:00 am on May 3, the BTC price fluctuated between $27,667 and $29,969, with a volatility of 8.32%. According to the 1-hour candle chart, after fluctuating at a high level for a period of time, the price of BTC fell below the weekly chart at 9:00 am on May 1 and h

Bitcoin has once again surged beyond $29,000, and it appears that the ongoing banking crisis in the US is one of the factors behind the cryptocurrency's rally. This happened just a few hours after US Federal Reserve Chairman Jerome Powell's assurance that the US banking system is safe and sound duri

According to blockchain marketing firm Guerilla Buzz, a staggering 35.8% of the top cryptocurrency projects in the world will still be active in 2023 without publishing a single blog entry.Source: www.cnbc.comMore than a third of the top 1,000 cryptocurrency projects, which includes both cryptocurre

Federal Reserve Raises Interest Rate by 25bps, Reaffirms Strength and Resilience of US Banking SystemThe Federal Reserve of the United States has increased the federal funds rate by 25 basis points, continuing a streak of ten consecutive hikes since March 2022. The market had anticipated the move, w

The United Kingdom's HM Revenue and Customs has launched a consultation seeking feedback on a proposed new tax regime for lending and borrowing activities within decentralized finance (DeFi). The consultation, which began on April 27, will run until June 22 and invites input from a range of stakehol

It's unclear what the Bureau was looking for at the residence of Sam Bankman-Fried's former co-CEO of FTX Digital Markets.Source: finbold.comThe Federal Bureau of Investigation (FBI) is rumored to have searched the residence of former FTX co-CEO Ryan Salame as the executive comes under further scrut

SEC Chair Gary Gensler reiterates criticism of cryptocurrency in new educational videoOn April 27, SEC Chair Gary Gensler used Twitter to share a 4-minute educational video where he labeled cryptocurrency assets as "investment contracts" and called on platforms that provide such products to register

The MPs identify a ‘coordinated strategy’ to block banking for the digital asset sector that is unrelated to a desire to defend banks.Source: finance.yahoo.comThe chiefs of the American financial regulatory agencies have received letters from three Republican members of the House of Representatives