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Bitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate decision. The Fed is expected to increase rates by 0.25%, despite the U.S. economy slowing down. Ethereum also remained lower, moving close to a breakout below $1,800. Bitcoin Bitcoin (BTC) dropped below
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Michael Sonnenshein still sees crypto industry in its "early days." Source
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Its new proposals represent a major deviation from the path that Arbitrum was initially towing. The Arbitrum Foundation has responded to last week’s protests of its community of ARB token holders by proposing two new motions. This follows after the huge backlash that erupted over the earlier plans of the foundation
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Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria (CBN) flagging their bank accounts. CBN's decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion nairas) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack.According
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Usually, Montenegro authorities typically allot detention for up to 72 hours. However, Kwon’s 30-day extension has been approved after authorities highlighted the greater possibility of an escape. Last week, the disgraced Terra founder Do Kwon was arrested in Montenegro while trying to fly to Dubai using fake documents. The latest development
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Following his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do Kwon will reportedly appeal the court’s decision to extend detention time for up to 30 days.A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for longer
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These are set to be built in partnership with China Telecom, the second-largest wireless carrier in China with an estimated 390 million subscribers, as CryptoX has reported.China Telecom will launch the first BSIM pilot program in Hong Kong later this year, Conflux Network said at the time. This will likely
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Bitcoin continued to hover at around $28,000, up slightly on Wednesday, although some traders see the price going up to $30,000 or falling to $25,000 on positive or negative momentum depending on what the Federal Reserve announces about interest rates. Analysts expect the Fed to raise rates by a quarter-point.
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The technical chart for Bitcoin shows a bullish signal hinting that the BTC price can extend further rally all the way to $35,000. Bitcoin and the broader cryptocurrency market are currently holding up with their gains over the last weekend and earlier this week. As of press time, Bitcoin (BTC)
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The U.S. central bank is widely expected to boost the interest rate 25 basis points. Source
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