The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Featuring views and opinions written by market professionals, not staff journalists.Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was MultiversX, rising 10.70%.
According to data from Cryptoslam, the NFT market experienced a significant decline in monthly volumes during the second quarter compared to the first quarter of 2024. Sales volumes in Q2 fell by 45% quarter-over-quarter. In the first quarter of 2024, total sales volumes in the NFT market exceeded $4.1 billion and in the second quarter NFT volumes were approximately $2.28 billion, the lowest since Q3 2023, according to CryptoPotato.
Global Banking Standard Setter has approved a framework for crypto exposures, reports Bloomberg. The basel committee on Banking supervision approved a disclosure framework for banks’ exposure to crypto that must be implemented by the start of 2026.Silvergate Bank, one of the banks that collapsed due to the FTX fraud, has been fined $63 million by two regulators for allegedly failing to monitor transactions, Bloomberg reports.
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