Cryptocurrency Analysis and News Portal
While the rest of the crypto market is in a state of frenzy, Tron (TRX) price dominance is on for the second day in a row as its price swerves away from the support line. Tron has had a swift recovery so far. TRX/USD swished to a 3% jump and intraday
Read More
"Recent indicators of spending and production have softened," said a statement by the Federal Open Market Committee (FOMC), a group of 12 Fed officials who set the Fed’s monetary policy. "Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting
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
“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
Interesting times have arrived in Nigeria, as cryptocurrency is now a focal point in the campaigns of the Nigerian national elections. Candidates are moving towards embracing cryptocurrency as a staple of the financial world of Nigeria, and are advocating for global adoption of crypto. A presidential hopeful in Nigeria, Abubakar Saraki,
Read More
The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from
Read More
A mysterious Redditor has made a data-driven prediction that the next major phase of development in the blockchain space will be in layer-2 solutions, primarily on Ethereum.The May 22 post explains that “We’re at a turning point” where the industry is moving away from bridging between L1 blockchains towards L2’s
Read More
Asked about its India vision in the near future, particularly after the struggles for Coinbase and FTX, the Binance spokesperson said India can be a major crypto participant. "More than 10 crore (100 million) Indians own cryptocurrency according to industry reports, and we can tell that mass adoption of crypto
Read More