Cryptocurrency Analysis and News Portal
When the United States Office of Government Ethics (OGE) released its Legal Advisory 22-04 on July 5, most attention was given to its conclusion that federal employees who own any amount of cryptocurrency or stablecoins whatsoever may not participate in regulation and policymaking that concerns crypto. The legal advisory (LA)
Read More
Bitcoin, the leading cryptocurrency by market value, has held steady around $22,700 since the ECB announced a bigger-than-expected rate hike at 12:15 UTC. Euro, the common currency of 19 out of 27 European Union nations, jumped 0.7% from $1.0198 to $1.0250. Original Source
Read More
U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise. Original Source
Read More
Investors in the failing cryptocurrency lending startup Celsius are still losing money weeks after the company filed for bankruptcy. Customer withdrawals had been frozen. Celcius Market Cap Crash 86% As the company’s problems worsen, investors have stepped out to relate their experiences following the withdrawal freeze and the ensuing bankruptcy application. One
Read More
“I am definitely in support of doing another 75 basis-point hike in July, probably 50 in September,” Waller said, adding a 25 basis-point hike that could then be on the cards after that. Concerns of the Fed tipping the U.S. into a recession were overblown, he said, and added that
Read More
Summary: The US Fed has announced a 75 basis point hike in interest rates. However, such a rate hike was predicted to inspire confidence in investors who now believe the US Federal Reserve is focused on bringing down inflation. Bitcoin has since maintained its $20k support zone amidst anxieties that the 0.75% interest
Read More
The concept of the Metaverse has been around since the 1980s, but it has only been in recent years that we’ve seen hundreds of projects popping up on the scene. What we are currently experiencing are gamified worlds with limited integration and engagement abilities. Right now, the Metaverse is still
Read More
“Yo degens, anyone remember what Basis was? It was one of the early ‘DeFi’ algorithmic stablecoins with high ambitions, but it was shut down due to SEC-related risks,” said Rick’s since-deleted Telegram account in the Basis Cash Telegram channel on Aug. 20, 2020. “Today we’re bringing Basis back from the
Read More
"The Fed's response to COVID increased the money supply by over 40%, directly providing stimulus checks and indirectly growing capital reserves through quantitative easing," IntoTheBlock's research head Lucas Outumuro said. "Now that the 'money printer' is expected to slow down, markets have been anticipating a hangover from the excessive stimulus
Read More
This is the last time that Powell is scheduled to deliver public remarks before Federal Reserve officials go into the FOMC blackout period before their two-day meeting on May 4. During these blackout periods, the officials are supposed to refrain from making comments on the economy or interest rates. Source
Read More