Cryptocurrency Analysis and News Portal
Summary: Bitcoin slipped under $22,000 on Monday as the feds are scheduled to meet this week.A plethora of tokens slumped into red along with Bitcoin as the crypto market anticipates this week’s events.Analysts expect a 75 basis points hike at the FOMC meeting on Wednesday.This week also features earning calls from
Read More
Some traditional market analysts, however, seem to be pricing in rate cuts by the Fed coming early next year, ostensibly as part of a future move to stop the U.S. economy from a deeper recession. Those analysts might be thinking the economy is too weak to handle higher rates, or
Read More
"We have always valued our association with IAMAI, however we are also shocked and disappointed with their sudden decision," Sumit Gupta, co-chair of the now defunct BACC, said in a written statement on Tuesday, adding that crypto advocates like him will "continue to double down" on their efforts. Gupta is
Read More
MarketWrap Tuesday, June 14th Original Source
Read More
Sony, the global electronics giant, has announced it will take a more focused approach when it comes to metaverse experiences as part of its entertainment strategy. The company that owns the Playstation brand revealed that prior investments in Epic, makers of the Fortnite game, and Bungie, another gaming studio, are
Read More
The annual meeting of the International Swaps and Derivatives Association (ISDA) began Wednesday in Madrid. United States Securities and Exchange Commission (SEC) chairman Gary Gensler and U.S. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam were both featured as keynote speakers at the event, with Behnam speaking at the morning
Read More
Additionally, asset manager Bitwise has a spot bitcoin ETF application pending review with the SEC, with a final deadline of June 29. While declining to address the fund’s specific chances of being approved, Matt Hougan, Bitwise’s chief investment officer, in April told CoinDesk “we’re making progress." Original Source
Read More
As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U.S. government officials. Despite the recent federal stance that stablecoins could pose a rising threat to the U.S. financial system, the Financial Stability Oversight Council (FSOC) hasn’t gathered
Read More
"It's the same old thing," said the source. "That's what we chided the industry for. We are sick and tired of hearing advocacy, advocacy. Because they have to address the challenges that the government is putting forth, right? Plans, mitigation measures or some kind of thing. I think that would
Read More
So far, profit taking among long-term holders is occurring at the most significant rate in bitcoin's history, according to Glassnode data. "This indicates that long-term holders from the 2021-2022 cycle are capitulating, spending and redistributing their coins, specifically during the last three months," the firm wrote in a blog post. Original
Read More