Features News Today TheBitTimes.Com

Pepe (PEPE) hit a new all-time high of $0.00002716 earlier today. The frog-themed memecoin is among the best-performing cryptocurrencies of this year. The asset is up 2.8% in the daily charts, 25.2% in the weekly charts, 29.8% in the 14-day charts, and 140% over the previous month. The memecoin was also among the best-performing cryptocurrencies of the last year. The asset has rallied by a whopping 1570.3% since December 2023. Also Read: Chainlink Rallies Nearly 100%: Will LINK Hit $40 This Week? Source: CoinGecko Why Is Pepe Rallying? The asset’s latest rally comes amid a larger altcoin surge. Solana (SOL), BNB, and TRON (TRX) have all hit new peaks over the last few weeks. The surge in altcoin prices could be due to investors moving funds away from Bitcoin (BTC), which is stagnating below the $100,000 mark. Market participants may attempt to book profits with other assets, such as PEPE. Source – Coinpedia Also Read: Cardano ADA: Whales Buying in as Analysts Predict 165% Su...

More Crypto Legislation Clarity With Payments Stablecoin Bill The Clarity for Payments Stablecoin bill seeks to create a thorough legal framework for stablecoins , a class of cryptocurrency intended to reduce price volatility by being backed by tangible assets. The bill’s adoption is particularly important as the cryptocurrency industry continues to grow quickly to address concerns about consumer protection, financial stability, and possible threats posed by these digital assets. advertisement The bill overcame initial criticism and received strong support from both sides of the aisle with a decisive 34-19 vote in favor. Notably, five Democrats emerged as the bill’s most important backers, ensuring its demise with their votes in favor. Reps. Himes, Gottheimer, Meeks (D-NY), Torres, and Nickel are the legislators responsible, and their coordinated effort was crucial in moving the bill ahead. The Bill was introduced by Chairman Patrick McHenry. Also Rea...

The Ministry of Commerce and Industry, the Central Bank of Kuwait , the CMA, and the Insurance Regulatory Unit have all jointly issued circulars to address the use and recognition of virtual assets in Kuwait. advertisement The commitment to “absolute prohibition” on significant cryptocurrency use cases and operations, including payments, investments, and mining, was reaffirmed by the CMA in the circular. Ban on Crypto Transactions By Kuwait Kuwait’s regulator also forbids carrying out transactions in which cryptocurrencies are used as payment instruments or methods. The circulars forbid the use of virtual assets as a form of investment, which is a major component of them. The authorities stress the dangers of working with virtual assets and draw attention to their lack of legitimacy and support from the government. Cryptocurrencies were singled out by the regulator, who claimed that they “don’t carry a legal status and are not issu...