Cryptocurrency Analysis and News Portal
“The financial stability tools helped to calm conditions in the banking sector,” said Powell. “Developments there, on the other hand, are contributing to tighter credit conditions and are likely to weigh on economic growth, hiring and inflation,” he continued. “As a result, our policy rate may not need to rise
Read More
Ethereum network’s gas fee skyrocketed to a new multi-month high amid a growing memecoin frenzy. The high transaction fee has swelled Ethereum’s daily revenue multifold compared to Bitcoin (BTC). While Ethereum proponents celebrated the growth in revenue, many others were quick to point out the growing congestion on the network
Read More
Institute of International Finance (IFF) economist Robin Brooks has derided BTC’s lack of diversification as the asset continues to face strong resistance at the $28,000 level. After the U.S. Fed announced on March 22 that it would raise interest rates by a quarter of a percentage point, the value of bitcoin
Read More
Data from CryptoRank, which tracks the fund's portfolios and known holdings shows that while major funds like Delphi Digital, Polychain or Animoca are down an eye-watering 80%, 64%, and 81%, over the course of the last 365 days, they are still well into the green during the last three years. Source
Read More
European markets remained flat on Tuesday as all eyes are on Jerome Powell’s imminent congressional statement. European markets are currently flat as investors await the congressional testimony by Federal Reserve Chair Jerome Powell. For instance, the pan-European Stoxx 600 remained flat today as trading began, with most sectors hovering in
Read More
Non-custodial crypto platform ShapeShift refuted United States Senator Elizabeth Warren’s claims of "illicit financing,” suggesting that she used the platform as a scapegoat to “push” her latest crypto bill, according to a recent statement.ShapeShift stated in a tweet on Feb. 19 that Warren made “mistakes” in her “analysis” of the
Read More
Changpeng Zhao on Tuesday distanced himself from the Binance-branded stablecoin. Source
Read More
The SEC has declined to comment on rumors that it intends to classify tokens that allow staking as securities. Source
Read More
The administration of United States President Joe Biden is continuing to elaborate its National Digital Assets Research and Development Agenda. In a request for information (RFI) dated Jan. 26 and previewed by the Federal Register, the White House Office of Science and Technology Policy (OSTP) invites comments to help it identify
Read More
The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very important that Zambia restructure its debt, but Zambia sees it differently. The
Read More