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Looking to tame inflation, which then was running at an annual pace of more than 8%, the Fed began tightening monetary policy in March 2022, eventually hiking rates for 10 consecutive meetings and bringing the fed funds rate from 0-0.25% to the current 5.0-5.25%. Inflation has been gradually slowing over
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Traders said market makers are holding options with a $1,800 strike price and are likely to influence prices as they try to keep their portfolios direction-neutral. Source
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Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support. The SEC’s actions are actually
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Connors writes that despite 2023's focus on Bitcoin's increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum's post-merge performance, including an unexpected non-impact of staking 'unlock,' increased staking demand, and realized deflationary promise with over 250k ETH 'burned,' is garnering market attention. Source
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Sources said that Binance is working on a setup that will allow them to keep bank deposits as collateral for margin trading in spot and derivatives. The latest report from Bloomberg shows that the crypto exchange Binance is exploring a new solution to reduce counterparty risks while allowing some of the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to recent data from blockchain analytics firm Glassnode, the total value held in the ethereum 2.0 deposit contract reached an all-time high (ATH) of $40,733,472,229.12. The ethereum 2.0 deposit contract is part of Ethereum network’s
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“During the last peak in 2019, most Bitcoin transactions skewed towards larger transactions, in the range of $1,000 to $10,000,” said Tom Rodgers, Head of Research at ETC Group, in an email to CryptoX.“This suggests most Bitcoin users were using the blockchain for trading.” Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Secret Service’s San Francisco Field Office and the Bay Area Regional Enforcement Allied Computer Team (REACT) will hold an ask me anything (AMA) session on May 15, 2023, from 11 AM PM on Reddit, a
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Some members of the United States House of Representatives’ Financial Services and Agriculture Committees pointed to crypto asset frameworks being employed outside the country when discussing regulatory gaps at home.In a May 10 joint hearing on the future of digital asset regulation, some lawmakers pointed to the European Union’s Markets
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As the price of Pepe coin (PEPE) tanked over the last weekend, whales have turned active again which could cause further price volatility going ahead. Last week, the frog-themed memecoin Pepe coin (PEPE) created a massive frenzy in the crypto space registering over 300-400% price gains, with its price
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