Global #cryptocurrency

Binance's decision to discontinue support for XRP and TUSD could potentially impact the sentiment surrounding the coin, sparking various speculations about the underlying reasons.

The Grayscale Bitcoin Trust (GBTC), a spot Bitcoin exchange-traded fund (ETF), saw a brief increase in investment inflows in early May after a prolonged period of financial losses since its inception.

The Chinese government, through the Panshi City Public Security Bureau in Jilin Province, has cracked down on illicit cryptocurrency banking activities, as reported by local media.

After expressing his support for the cryptocurrency industry and accusing his opponent in the United States presidential race, Joe Biden, of perceived hostility towards the sector, former US President Donald Trump has announced plans for significant taxation cuts if elected.

Only 1% of financial advisors regularly discuss cryptocurrency with their clients, primarily due to worries about potential legal liabilities and associated costs in case the investment doesn't yield the desired results.

The growth of stablecoins, which are cryptocurrencies pegged to the US dollar, played a significant role in the first quarter's crypto bull market but has stalled since the Bitcoin blockchain's mining reward halving on April 20.